Following today’s announcement by JPMorgan Chase and Brookfield Renewable of a new agreement to supply more than 500 of JPMorgan Chase’s New York offices and branches with 100% renewable energy, REBNY President James Whelan released the following statement:

“We applaud JPMorgan Chase and Brookfield Renewable on their joint initiative, which will account for 90 percent of the bank's energy needs in New York State over the next five years and will help JPMorgan Chase realize its goal of sourcing 100 percent of its global operations with renewable energy by the end of this year. 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.”

ABOUT THE REAL ESTATE BOARD OF NEW YORK

The Real Estate Board of New York (REBNY) is the City’s leading real estate trade association. Founded in 1896, REBNY represents commercial, residential, and institutional property owners, builders, managers, investors, brokers, and salespeople; banks, financial service companies, utilities, attorneys, architects, and contractors; corporations, co-partnerships, and individuals professionally interested in New York City real estate. REBNY conducts research on various civic matters including tax policy, city planning and zoning, rental conditions, land use policy, building codes, and other city, state, and federal legislation. REBNY regularly publishes market data, policy reports, and broker surveys. In addition, REBNY provides for its members: informational, technical, and technological resources; networking and charitable service opportunities; qualifying and continuing education courses; professional education programs, seminars, and designations; career-changing awards; legal advice; and a wide range of additional member benefits. For more information, please visit www.REBNY.com.