Human life “as we know it” could be threatened by climate change, economists at JP Morgan have warned.
In a hard-hitting report to clients, the economists said that without action being taken there could be “catastrophic outcomes”. The bank said the research came from a team that was “wholly independent from the company as a whole”.
Climate campaigners have previously criticised JP Morgan for its investments in fossil fuels. The firm’s stark report was sent to clients and seen by BBC News. While JP Morgan economists have warned about unpredictability in climate change before, the language used in the new report was very forceful. See the BBC for the rest of the article: