The 3 banks most funding fossil fuel development recommended selling Tesla [TSLA] stock at the end of 2019 before its epic run over the past several months. Overall, 5 of the top 10 banks funding fossil fuel growth had a “Sell” rating on TSLA.
According to a report in The Guardian, the top banker for fossil fuel companies is JPMorgan Chase. In fact, in the past few years it has provided $22.8 billion more in financing than #2 Citi for oil, gas, and coal companies — $75.6 billion versus $53.8 billion. As one Tesla fan noted, JP Morgan’s Tesla analyst, Ryan Brinkman, has a very low price target in place for Tesla [TSLA] and an “underweight” rating.
Multinational banking and financial services company JPMorgan Chase has backed away from investing in new coal mining projects. Joining a growing list of companies and banks to step away from investing in fossil fuels, specifically the struggling coal industry. JPMorgan Chase published the latest version of its Environmental and Social Policy … [continued]
Originally published on Think Progress. By Ari Phillips. When it comes to technology these days, we take things for granted mere moments after they’ve been incorporated into our lives. Brand new apps and devices offering unexpected conveniences are suddenly indispensable to daily existence. Such is the case with the USB … [continued]
