J.P. Morgan CEO Jamie Dimon clashed with far-left Rep. Rashida Tlaib over her demands that banks immediately cease funding for all fossil fuel projects.
Rep. Rashida Tlaib clashed with top bankers after they rejected her demand to cut off all financing to fossil fuel projects immediately. J.P. Morgan CEO Jamie Dimon told her that would be"the road to hell for America."
"You have all committed, as you all know, to transition the emissions from lending and investment activities to align with pathways to net-zero in 2050… So no new fossil fuel production, starting today, so that's like zero. I would like to ask all of you and go down the list, cause again, you all have agreed to doing this. Please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products, Mr. Diamond?" Tlaib asked.
She continued, "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." Jamie Dimon, chairman and chief executive officer of JPMorgan Chase & Co., during a House Financial Services Committee hearing in Washington, D.C., Wednesday, Sept. 21, 2022.
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