Dear Bank CEO, You Are Cordially Invited to Defund This Pipeline

bank pipeline ceo dear chief
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Dear Bank CEO, You Are Cordially Invited to Defund This Pipeline

(Bloomberg) -- Even by the standards of the chief executive of America’s biggest bank, March 31 looked like it was going to be a very busy day.

Jamie Dimon’s office calendar was chock-full of invitations for that overcast New York Wednesday, with more than 1,000 unsolicited meetings all scheduled to cover the same topic: JPMorgan Chase & Co.’s role in financing an oil pipeline running through Minnesota.

The invites had been rolling in since mid-February, with titles such as “Don’t Fund Climate Disaster” and “Drop Line 3,” a reference to the name of the pipeline being funded in part by JPMorgan and built by Calgary-based Enbridge Inc. Dimon wasn’t the only executive invited—the bank’s chief risk officer, its chief operating officer and the CEO of its commercial banking arm, plus several board members, each received thousands of calendar notifications, as well.

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