When JPMorgan Chase’s Chief Executive Jamie Dimon talks, financial markets listen. He helms the world’s largest U.S. and fifth-biggest bank, with $4.1 trillion of assets. Dimon, 68, has made his name steering several banks through tough times […]
Daily Standup Top Stories Replacing a Talen Energy coal-fired power plant with battery storage is infeasible: PJM May 6, 2024 Mariel Alumit An 800-MW, four-hour battery is “not a realistic option” for replacing Talen Energy’s 1,280-MW, […]
JP Morgan, BlackRock drop out of climate banker cabal, and admit the Net Zero transition is “delayed” In February three of the four largest financial houses in the world, left the giant financial cabal called“Climate […]
Financial institutions play a central role in setting the course of climate action, underwriting clean energy projects around the globe. They also help determine which fossil fuel projects continue to be built. This central role […]
Daily Standup Top Stories Dimon Calls Push to Stop All Oil and Gas Enormously Naïve April 8, 2024 Mariel Alumit Jamie Dimon said US delays of liquefied natural gas projects were done for political reasons to pacify […]
Jamie Dimon said US delays of liquefied natural gas projects were done for political reasons to pacify those who believe oil and gas projects should simply be stopped — a position he calls “wrong” and “enormously […]
Robust economic growth propelled earnings at the nation’s largest banks, but their executives warned the good times may be coming to an end. JPMorgan Chase JPM 1.50%increase; green up pointing triangle , Wells Fargo WFC 3.07%increase; green up pointing triangle and Citigroup C -0.24%decrease; […]
While demand for fossil fuels remains high and is climbing, investment in oil and gas projects around the world is worryingly low. The average global decline rate of oilfields is around 6%, which means oil […]
Wall Street banks have shown deep falls in their investment banking businesses in the fourth quarter, prompting thousands of job cuts, but executives are looking for signs that corporate CEOs are regaining confidence in doing […]
Jamie Dimon, CEO of JP Morgan, has warned of the danger Russia’s war in Ukraine poses to the global energy system going forward. Dimon said that the U.S. needs a comprehensive policy regarding energy that […]
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