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I do exactly think this is just greenwashing by JPMorgan. I see the $200 Million as token support for a misguided effort that is being given a spin as somethin
by fuzzfactor 3y ago
I do exactly think this is just greenwashing by JPMorgan.
I see the $200 Million as token support for a misguided effort that is being given a spin as something more effective than it really is.
The climate cost to society has always been offloaded primarily because it was not accounted for financially.
What better PR than to put (a little bit of) their money where their mouth is by supporting Climeworks, no deceptive advertising campaign necessary, just that level of spin at this point.
Climeworks seems to be saying foremost exactly what JPMorgan wants them to say, more convincingly than JPMorgan could say for itself.
>the energy spent capturing the CO2 is quite significant, so it's not even certain that their CO2 contribution is subtractive at the end.
You seemed to have grasped this more so than others.