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KEY POINTS
- JPMorgan Chase announced Tuesday that it has agreed to spend more than $200 million on a combination of carbon removal technologies.
- $75 million of the $200 million was announced in April when JPMorgan announced it was joining Frontier.
- Overall, the decarbonization investment and long-term contracts with decarbonization companies represent a step to support the still-emerging decarbonization industry and allow the bank to remove the equivalent of carbon emissions that are otherwise difficult to reduce from its sources. direct operations by 2030, JPMorgan said. (Catherine Clifford)
