— Jamie Dimon JPMorgan Chase CEO Jamie Dimon resoundingly assured lawmakers that his bank has no intention of stopping the financing of growth in the oil patch.
“Absolutely not and that would be the road to hell for America,” said Dimon, whose bank is the largest U.S. provider of loans and other capital to the energy sector. The Biden administration has used its slim congressional majority to pass legislation on top of executive orders for a shift toward alternative energy that is intended to cut U.S. carbon emissions by 50% by 2030 and hit net-zero by 2050. The energy sector contributes about 40% of global heat-trapping CO2. Three quarters of those emissions come from the six largest economies, including the U.S. and China at the top, the World Bank says.
The release scrutinizing banks said that in the six years since the adoption of the Paris Agreement, which set a goal for global warming of no more than 2 degrees Celsius and, ideally, 1.5 degrees, the world’s 60 largest banks financed fossil fuels with $4.6 trillion in loans and other capital.
Leave it to some green-haired leftist climate activist scumbags and your children will starve to death after all the farms are burned down and oil rigs are shot down.
Great!
Jamie Dimon has common sense and knows what is good for the country as well as his bottom line.
Good