Feb. 25 (UPI) -- Wall Street investment bank JPMorgan Chase told investors Tuesday it will take a number of new environmentally conscious steps intended to phase out fossil fuels and mitigate climate change.
The bank acknowledged in presentations for its annual investor day it plans to facilitate $200 billion in economic and environmental deals this year. It also pledged to stop lending money to the coal mining industry and phase out "credit exposure" to the industry within five years.