Under CEO Jamie Dimon, JPMorgan has held annual investor meetings to update stakeholders on performance targets, market conditions and areas of opportunity
and will pull back from advising and lending to the coal-mining industry.
On top of stepping back from advising companies that get most of their revenue from coal extraction, JPMorgan said it will put restrictions on financing new coal-fired power plants, phase out "credit exposure" to the industry by 2024 and will stop funding new oil and gas drilling projects in the Arctic.
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