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JP Morgan Will Lobby Gov't to Adopt Global Warming Strategy(From the user blogs. Welcome, Japhet! -chris) Perhaps you heard the huge news coming out of the financial sector last week: JP Morgan Adopts Green Policies. Why is this a big deal? I digress... Rainforest Action Network and other environmental groups have been so successful in their campaigns over the past 5 years that corporations have become fearful of becoming a target of the group. RAN spearheaded the campaign on JP Morgan and was deeply involved as the corporation drew up its environmental policy (which you can read here). JP Morgan is the 3rd largest bank in the U.S with assets over $1.1 trillion throughout 50 different countries worldwide. JP Morgan joins CitiGroup and Bank of America to become the top 3 US banks to adopt revolutionary environmental policies as a result of campaigns by RAN. Perhaps the most impressive piece of the JP Morgan policy released on Monday, is that they "will convene a financial industry coalition to push the US government for a national global warming policy." This means that not only will the nation's largest banks and lenders be actively lobbying the federal government, but they'll be doing it to push through a national strategy to deal with global warming. Those are some big-time folks we've got sitting on the green side of the aisle now. Keep your eye on who RAN targets next. If they can take down the 3 largest banks, bring them to the table, and send them home with an environmental policy there's no telling who they'll target next. Japhet's blog
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