Jamie Dimon assails stopping oil and gas production in US

JPMorgan Chase CEO Jamie Dimon stated slamming the brakes on new oil and gasoline manufacturing “could be the highway to hell for America” after Rep. Rashida Tlaib requested him to divest in oil.

Part of the Congressional hearing focused on gas and oil companies' production.
A part of the Congressional listening to centered on gasoline and oil firms’ manufacturing.

Dimon’s feedback got here throughout a Home listening to the place the far-left Michigan Democrat requested him and different high financial institution execs if they’d decide to now not investing funds into oil and gasoline firms to decelerate local weather change.

“Please reply with a easy sure or no, does your financial institution have a coverage in opposition to funding new oil and gasoline merchandise,” Tlaib asked, with Dimon up first.

“Completely not and that will be the highway to hell for America,” Dimon shot again.

Tlaib then slammed JPMorgan-Chase and circled again to criticism Dimon leveled in opposition to President Joe Biden’s plan to forgive as much as $20,000 in scholar debt in the course of the listening to. She inspired individuals to cancel their accounts with the foremost financial institution.

“Sir, you recognize what, everyone that obtained reduction from scholar loans — has a checking account along with your financial institution — ought to most likely take out their account and shut their account,” an irritated Tlaib stated.

“The truth that you’re not even there to assist relieve lots of the of us which might be in debt, excessive debt, due to scholar mortgage debt and also you’re on the market criticizing it,” Tlaib stated earlier than shifting on to the subsequent financial institution government on the panel, Citi CEO Jane Fraser, who provided a extra diplomatic response.

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