NEW YORK--(BUSINESS WIRE)--May 14, 2007--In an effort to heighten the awareness and understanding of climate change as it relates to financial markets, JPMorgan's research department announced today that it is making its analysis on the subject publicly available on its website: jpmorgan.com/climatechange.

"This is about taking a leadership role on a very significant global issue," said Nick O'Donohoe, global head of research. "The analysis we have produced, and will continue to produce, in this area can be helpful to, not only clients, but academics, researchers, and governments as we address the growing concern of climate change."

In their environmental research, JPMorgan analysts and economists focus on economic, legislative and business developments in light of current and proposed carbon operating constraints. Recent reports include: Capturing the Gains from Carbon Capture; Global Utilities: Trading Climate Change; Coal and Carbon Controls; and Liability for Climate Change. Also available on the website is information and aggregated values for the JPMorgan Environmental Index - Carbon Beta (JENI-Carbon Beta), the first high-grade corporate bond index designed to address the risks of global warming.

JPMorgan's decision to make its environmental research publicly available underscores the firm's commitment to the issue. In addition to reducing its own carbon emissions, as set forth in its environmental policy, the firm raised $1.5 billion of equity for the wind power market in 2006 and has its own portfolio of investments in renewable energy totaling $1 billion. The firm is also the lead sponsor for this week's C40 Large Cities Climate Summit in New York to further engage business and political leaders on climate change.

About JPMorgan Chase

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $1.4 trillion and operations in more than 50 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset and wealth management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its JPMorgan and Chase brands. Information about the firm is available at www.jpmorganchase.com

Copyright Business Wire 2007

JPMorgan Chase & Co.

JPMorgan Chase & Co.

JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm with assets of $2.5 trillion and operations worldwide. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, asset management and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world's most prominent corporate, institutional and government clients under its J.P. Morgan and Chase brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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