The problem has never been whether most people believe in climate change and its damaging effects. The problem has always been politics.
https://www.theguardian.com/books/2014/sep/22/this-changes-e...
The The Shock Doctrine: The Rise of Disaster Capitalism is another insightful book of hers, I highly recommend it, it was written in 2008 as the financial crisis happened: https://www.amazon.com/Shock-Doctrine-Rise-Disaster-Capitali...
In this case, looks like JPM is betting that the world will get a hold of itself, which would make this product a bit more... productive.
The situation is dire, but lets not discount these are the very same people responsible for the derivatives scandal that plunged the global economy into disrepute, and profited very handsomely from it with bail outs and bonuses for their utter failure to exercise sound financial behaviour. So lets not place the very same people capable of creating their own catastrophic global crisis on pedestals.
With that said, consider how big their carbon footprint is in just the creation, maintenance and upkeep of their legacy system, which really only 'works' 5 days out of the week.
If they want to be taken serious, knowing they will never correct the malfeasance they call a business model, they should give little to no interest loans on startups and small businesses that help offset global climate change.
They won't and instead you'll see Jamie Diamond on TV alongside Blankfiend et al at Davos making these empty latitudes without so much as hesitating when they board their private jets whilst eating exotic food and drinks procured from all over the World.
Pragmatists? Hardly, opportunistic parasites willing to cling onto whatever narrative suits them, of course.
