While investment bankers are on pace to earn record fees this year from selling green bonds, they still make far more money arranging debt issues and loans for fossil-fuel companies, according to Bloomberg.
About $887 million of revenue was from green bond customers, compared with $1.4 billion from fossil-fuel clients.
JPMorgan Chase remains the world’s top bank of fossil fuels, followed by Citi. Barclays leads in Europe, and Bank of China in China.
“We need to acknowledge that the solution isn’t as simple as walking away from fossil fuels,” said Jamie Dimon, CEO at JP Morgan, in