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Tuesday, September 27, 2022

Jamie Dimon assails stopping oil and gas production in 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.

Part of the Congressional hearing focused on gas and oil companies’ production.
TANNEN MAURY/EPA-EFE/Shutterstoc

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 circled back to criticism Dimon leveled against President Joe Biden’s plan to forgive up to $20,000 in student debt during the hearing. She encouraged people to cancel their accounts with the major bank.

“Sir, you know what, everybody that got relief from student loans — has a bank account with your bank — should probably take out their account and close their account,” an irritated Tlaib said.

“The fact that you’re not even there to help relieve many of the folks that are in debt, extreme debt, because of student loan debt and you’re out there criticizing it,” Tlaib said before moving on to the next bank executive on the panel, Citi CEO Jane Fraser, who offered a more diplomatic response.



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