MoneyBusiness

Actions

JPMorgan to stop lending to coal companies, arctic drillers

Posted
and last updated

JPMorgan Chase & Co. will no longer do business with coal companies and will restrict financing to companies that drill in the Arctic, the company announced Tuesday.

The announcement came in tandem with the bank announcing it would extend $200 billion in financing to clean and renewable energy companies by 2025.

The bank is currently holding its annual investor day in San Francisco, where the announcement was made.

,

Weather

Daily Forecast

View Hourly Forecast

Day

Conditions

HI / LO

Precip

Sunday

07/06/2025

Clear

-° / 70°

0%

Monday

07/07/2025

Clear

101° / 69°

0%

Tuesday

07/08/2025

Clear

100° / 68°

0%

Wednesday

07/09/2025

Clear

98° / 71°

0%

Thursday

07/10/2025

Clear

101° / 74°

0%

Friday

07/11/2025

Clear

106° / 76°

0%

Saturday

07/12/2025

Clear

106° / 76°

0%

Sunday

07/13/2025

Clear

105° / 76°

0%