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As more and more Americans are beginning to share scientists’ long expressed concerns over climate change, revelations of big bank energy market manipulations highlight Wall Street’s entrenched stake in the fossil fuel economy that is heating up the planet. In what critics are calling Enron 2.0, JPMorgan Chase is facing a reported fine in the range of $500 million from the Federal Energy Regulatory Commission (FERC) for manipulating energy markets in California and Michigan. Chase acquired a slew of aging power plants from Bear Stearns when the firm tanked in the 2008 market meltdown. …(Photo: Seth Anderson / Flickr)
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Investigation: What the JPMorgan Chase Energy Scandal Reveals About Fossil Fuel Financing
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