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JPMorgan, Citi, RBC reach deals with NYC on new climate finance metric

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Photo: Justin Sullivan/Getty Images

Julie DiMauro

1 min read
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Three of the largest North American banks will publicly disclose their financing ratio of low-carbon energy to fossil fuels, setting a new standard for banking.

New York City Comptroller Brad Lander announced agreements with three major North American banks, including JPMorgan Chase, Citi and RBC, to publicly disclose a new climate reporting metric outlining their ratios of clean energy to fossil fuel finance.

The new agreements follow the filing of shareholder resolutions in January by

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