JP Morgan CEO snaps back at Rep. Tlaib on fossil fuels

JPMorgan
Chase CEO
Jamie Dimon
is not committing to divesting from fossil fuels and shrugged off the notion as a “road to hell for America” during a House hearing.

At an Oversight Committee hearing Wednesday, Rep.
Rashida Tlaib
(D-MI) pressed a cadre of banking executives sitting before the investigatory panel on whether they would commit to stop funding new fossil fuel projects.



JAMIE DIMON WARNS OF ECONOMIC ‘HURRICANE’

“Absolutely not, and that would be the road to hell for America,” Dimon quipped during a tense exchange with the “Squad” member.

Seemingly expecting that answer, Tlaib encouraged those poised to receive student loan relief with accounts at JPMorgan Chase to close their accounts with his company.

“Sir, you know what? Everybody that got relief from student loans [that] has a bank account with your bank should probably take out their account and close their account,” she said. “The fact that you’re not even there to relieve many of the folks that are in debt, extreme debt, because of student loan debt. And you’re out there criticizing it.”

Dimon, who is widely regarded as one of the foremost voices in the world of finance,
previously slammed environmentalists
pushing to curb oil and gas production, arguing such steps could lead to increased coal use in developing countries.

“We aren’t getting this one right,” Dimon added. “Investing in the oil and gas company is good for reducing CO2.”

Following the exchange, Tlaib peppered the…

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