Here is your weekly roundup of the unique, hottest stories related to cleantech, and climate policy for the week of July 30, 2017.
In one blockbuster announcement, JP Morgan Chase announced this week it plans to use only renewable energy by 2020. According to CNBC.Com, the global financial giant said it plans to cut its energy consumption while buying purchase power agreements (PPA’s) and creating on-site renewable energy power plants. JP Morgan Chase will install on-site solar at 40 commercial and 1,400 retail buildings, and work with GE to add LED lights at 4,500 Chase locations.
Jamie Dimon, JP Morgan Chase CEO said business must be leaders in developing answers to grow the economy and protect the environment.
If that were not enough, JP Morgan Chase by 2025 would provide $200 billing of cleantech financing.
This announcement is big news and continues a steady trend of global financial institutions going all in on renewable energy as prices continue to plummet. Bank of America announced last year $125 billion in clean energy financing. However, climate activists have been severely harsh on big global banks, on investing in fossil fuel projects, including the controversial Dakota Access pipeline.
Despite these challenges, significant financial institutions are seeing the possibilities of a clean energy economy, as the world gradually shifts towards low-carbon solutions.
And finally, Al Gore’s An Inconvenient Sequel: Truth To Power is now in limited release. This time the documentary focuses on Gore’s continued battle on climate change, including behind the scenes work in getting the Paris Accord finalized, to the challenges faced by a new Donald Trump administration.
The documentary has received positive reviews by critics.
An Inconvenient Truth was one of the highest grossing documentaries of all time and received an Academy Award for best documentary in 2006. The film is in full release August 4th. A full review will be on our website August 8th.
I am off at the Canada Summer Games. If you live in Winnipeg, get out and support our future Canadian Olympians as they strive for excellence.
What do you think of JP Morgan Chase’s new renewable energy plans, including to go all in on renewables by 2020? Drop a line at email@example.com or follow us on Twitter at @salayservices.