JPMorgan Executive Says US Isn't Hostile Place for Green Funds
A senior executive at JPMorgan Chase & Co. says it's wrong to assume that the shift in US politics under President Donald Trump means the world's largest economy has become hostile territory for green investors.
Chuka Umunna, global head of sustainable solutions at the biggest US bank, said in an interview with Bloomberg Television's Tom Mackenzie that the Biden administration's signature climate law — the Inflation Reduction Act — is so popular in Republican states that the GOP has had to acknowledge it can't undo it.
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