Assaad Razzouk

Peoples' Representatives marching to Malacañang to confer the 'King Coal Award to President Noynoy Aquino, for his approval of 59 coal plants in the Philippines; 20th October 2015. Photo: AC Dimatatac / 350.org via Flickr (CC BY-NC-SA).

Climate hypocrisy: JP Morgan's empty promises on coal

Assaad Razzouk
| 24th March 2016
JP Morgan's announcement that it's pulling out of coal is purest doublespeak, writes Assaad Razzouk. But it's not the only financier to engage in climate hypocrisy, as banks prepare to lend $5 trillion to build 2,440 new coal power stations. To deliver the Paris Agreement they - and the loans that would finance them - must be cancelled.

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