Jamie Dimon says stopping oil and gas production would be ‘road to hell’ for US
JPMorgan Chase CEO Jamie Dimon said slamming the brakes on new oil and gas production “would be the road to hell for America” after Rep. Rashida Tlaib asked him to divest in oil.
Dimon’s comments came during a House hearing where the far-left Michigan Democrat asked him and other top bank execs if they would commit to no longer investing funds into oil and gas companies to slow down climate change.
“Please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products,” Tlaib asked, with Dimon up first.
“Absolutely not and that would be the road to hell for America,” Dimon shot back.
Tlaib then slammed JPMorgan-Chase and encouraged people to cancel their accounts with the major bank.
Top bank CEOs decline radical climate demands from Rep. Tlaib: ‘That would be the road to Hell for America’
Leaders in the banking business clashed with Rep. Rashida Tlaib, D-Mich., Wednesday after Tlaib demanded that they commit to instantly finish all financing of all fossil gasoline merchandise.
JP Morgan CEO Jamie Dimon instructed the far-Left consultant that her request would lead to despair and destruction.
Tlaib proceeded to ask the different bankers their position, to which all of them responded that they would proceed to put money into oil and gasoline as well as to different energy initiatives.
ENERGY CEO HITS AT ‘ENERGY IGNORANCE’ DRIVING CURRENT POLICY: ‘LITTLE HOPE OF ENDING THE CRISIS ANYTIME SOON’
Jamie Dimon, chairman and chief government officer of JPMorgan Chase & Co., during a House Financial Services Committee hearing in Washington, DC, Wednesday, Sept. 21, 2022.
Critics of the environmental policies Tlaib advocates, argue that these policies have already lowered funding to fossil gasoline initiatives which have exacerbated the energy shortages seen in Europe since Russia invaded Ukraine. American financier Kyle Bass, for instance, argued that the transition from fossil fuels to different energy should not be rushed.
“These transitions take forty years. The transfer from coal to pure gasoline took forty years. They take a really, very, very very long time. We cannot simply flip a switch.”
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