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Banking, Energy

“JPMorgan agrees to purchase $200 million worth of carbon removal”

JPMorgan Chase announced Tuesday that it has agreed to spend more than $200 million on a combination of carbon removal technologies.

The spending will be allocated to long-term agreements to remove and store the equivalent of 800,000 metric tons of carbon dioxide from the atmosphere, JPMorgan said in a written statement.

The first $75 million commitment of the $200 million was announced in April when JPMorgan said it was joining Frontier, the benefits company owned by payment processor Stripe that makes commitments for its member companies, including Alphabet, McKinsey, Meta and Shopify…”

https://www.cnbc.com/2023/05/23/jpmorgan-agrees-to-purchase-200-million-worth-of-carbon-removal.html

The title of this article should be “JPMorgan invest 200 million on how to destroy the earth.” That’s not being dramatic or an understatement. The carbon cycle is a part of life and this bank wants to tamper with it. Everyone needs to ask themselves a question. Do you really want a bank controlling the cycle of life? Think long and hard.

Also this lie about carbon dioxide needs to stop. CO2 is good for the Earth not bad. End of story. There’s no debate. If carbon is so bad why do plants breath it. This is stupid. Do not humor people with these dangerous ideas.

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