Step 1

Heat olive oil in a large saucepan over medium heat.

Step 2

Add the carrots, red pepper, green pepper, onion, and garlic. Cook, stirring, until the onions are golden, 12 to 15 minutes.

Step 3

Add the jalapeno, chili powder, and cumin. Cook, stirring, for 2 minutes.

Step 4

Add tomatoes, kidney beans, cannellini beans, black beans, tomato juice, and salt to taste. Bring to a boil.

Step 5

Reduce the heat to medium-low and simmer, uncovered, stirring occasionally until the flavors are blended, about 45 minutes. If it begins to look too dry add more tomato juice or water as needed.

Step 6

Taste and adjust the seasonings. Ladle into bowls and serve with cheddar cheese, a dollop of sour cream, and tortilla strips if desired.