![\"Prominent](\"https:\/\/wp-assets.futurism.com\/2020\/02\/jp-morgan-catastrophic-environment-collapse-300x158.jpg\")
<\/div>Minority Report<\/h2>
Prominent investment bank JP Morgan Chase has sent a report to clients warning that climate change could have cataclysmic effects on the markets — and, well, the rest of civilization, too.<\/p>
“We cannot rule out catastrophic outcomes where human life as we know it is threatened,” reads the report, obtained by the BBC<\/em><\/a>.<\/p> The report, authored by JP Morgan economists David Mackie and Jessica Murray, called for zero net global carbon emissions by 2050. Notably, it also reportedly calls for a global tax on carbon — a drastic move that the authors admit is not going to happen anytime soon.<\/p> In sum, the report sounds like — if they were to heed it — a potentially massive shock to the system for JP Morgan, which has invested trillions of dollars<\/a> in fossil fuels.<\/p> Maybe that’s why the bank quickly moved to distance itself from the report, telling the BBC<\/em> that it came from an internal team that was “wholly independent from the company as a whole.”<\/p> The environment, after all, probably won’t get a bailout<\/a>.<\/p> READ MORE: <\/strong>JP Morgan economists warn of ‘catastrophic’ climate change<\/a> [BBC<\/em>]<\/p> More on JP Morgan: <\/strong>The First Major U.S. Bank Just Launched a Cryptocurrency<\/em><\/a><\/p> <\/strong><\/p> The post JP Morgan Warns Clients of “Catastrophic” Environmental Collapse<\/a> appeared first on Futurism<\/a>.<\/p> Read this article: Minority Report Prominent investment bank JP Morgan Chase has sent a report to clients warning that climate change could have cataclysmic effects on the markets \u2014 and, well, the rest of civilization, too. Continue reading Conscience Raising<\/h2>
Bread Buttered<\/h2>
JP Morgan Warns Clients of “Catastrophic” Environmental Collapse<\/a><\/p>","protected":false},"excerpt":{"rendered":"