Big oil gets bailed out, but not as big as it used to be

THE NEW YORKER | On some long-distant day when some as-yet-unborn historian sits down to write the story of climate change—the story of the greatest crisis humans ever faced—it’s possible that they’ll choose an anecdote from this past week as a way into the story. Amid the coronavirus pandemic, it understandably didn’t get much notice, but JPMorgan Chase announced on Friday that Lee Raymond will no longer serve as the lead independent director of the world’s largest lender to the fossil-fuel industry.


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