In January 2020, the same month as the Juliana decision, JPMorgan Chase, the world’s largest financier to the fossil fuel industry, sounded yet another alarm to shareholders. In a report commissioned by the bank, the authors explained that a status quo approach to energy and investment “would likely push the earth to a place that we haven’t seen for many millions of years.” Climate change, they wrote, “reflects a global market failure in the sense that producers and consumers of CO2 emissions do not pay for the climate damage that results…Although precise predictions are not possible, it is
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