Jamie Dimon attacks stopping oil and gas production in the United States
Jamie Dimon, CEO of JPMorgan Chase, said curbing new oil and gas production “would be the road to hell for America” after Representative Rashida Tlaib asked him to ditch the oil.
Dimon’s comments came during a House hearing, where the radical Michigan Democrat asked him and other top bank executives whether they would commit to stopping investing money in oil and gas companies to slow climate change.
“Please answer yes or no, does your bank have a policy that prevents financing of new oil and gas products,” Talib asked, With Damon first.
“Definitely not,” Damon replied, “and that would be the road to hell for America.”
The student then criticized JPMorgan Chase and returned to the criticism of Dimon against President Joe Biden’s plan to waive up to $20,000 in student debt during the hearing. It encouraged people to cancel their main bank accounts.
“Sir, you know what,” said an angry student, “whoever gets student loan forgiveness—has a bank account at your bank—should delete his account and close his account.”
“The fact that you’re not even there to help forgive so many people who owe, so deeply in debt, because of student loan debt and you’re there criticize it,” Tlaib said before moving on to the bank’s next CEO. On the panel was Citi CEO Gene Fraser, who gave a more diplomatic response.