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JPMorgan, Brookfield Partner on Renewable Energy for Bank’s NY State Portfolio
JPMorgan Chase and Brookfield Renewable reached a five-year energy agreement for supplying clean, renewable electricity to more than 500 of JPMorgan Chase’s real estate operations in New York State. Brookfield Renewable will provide service to 90% of the bank’s operations statewide.
“Advancing sustainable practices in our own operations is a key component of JPMorgan Chase’s commitment to sustainability and a transition to a low-carbon economy,” said Michael Norton, JPMorgan Chase’s global head of property management. “This collaboration in a dynamic power market also plays an important role in promoting more green operational practices throughout New York City – the firm’s global headquarters.”
The Real Estate Board of New York applauded the agreement. “New York’s real estate industry is committed to significantly reducing carbon emissions in the fight against climate change, and access to renewable energy sources, especially Downstate, is the key to reaching our environmental goals,” said REBNY president James Whelan.
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