Finance
JPMorgan to Halt Lending to Some Coal Plants and Arctic Drillers
An excavator scoops up coal in an open pit at the Tavan Tolgoi coal deposit developed by Erdenes Tavan Tolgoi JSC, a unit of Erdenes Mongol LLC, in Tsogtsetsii, Ömnögovi Province, Mongolia.
Photographer: Taylor Weidman/BloombergThis article is for subscribers only.
JPMorgan Chase & Co., the biggest U.S. bank, tightened its policy on fossil-fuel financing as the banking industry responds to growing pressure from activists.