Climate Politics
JPMorgan, Morgan Stanley Are Pausing on Some US Renewable Deals
Wind turbines operate at a wind farm near solar panels near Palm Springs, California.
Photographer: Mario Tama/Getty ImagesJPMorgan Chase & Co. and Morgan Stanley are among leading investment banks hesitating to provide a critical source of financing for US renewables projects.
The issue stems from a lack of clarity from the Trump administration over tax rules that restrict ties to China, according to people familiar with the matter.