JPMorgan Chase unveils $200 mln in carbon removal deals

Published 14:07 on May 23, 2023  /  Last updated at 08:18 on May 26, 2023  / Ben Garside /  Americas, Canada, EMEA, International, Nature-based, Switzerland, US, Voluntary  /  No Comments

JPMorgan Chase has signalled one of the world’s biggest corporate commitments to purchasing durable carbon removals, agreeing to spend some $200 million via several long-term deals to buy a total 800,000 tonnes from startups, the US-headquartered bank announced Tuesday.

(Clarifies in paragraph 2 that purchases are to match JPM’s unabated direct operational emissions, rather than Scope 1 and 2 emissions)

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