Jamie Dimon says stopping oil and gasoline manufacturing may very well be ‘freeway to hell’ for US

JPMorgan Chase CEO Jamie Dimon talked about slamming the brakes on new oil and gasoline manufacturing “may very well be the freeway to hell for America” after Rep. Rashida Tlaib requested him to divest in oil.

A part of the Congressional listening to targeted on fuel and oil corporations’ 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 fuel corporations 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 fuel merchandise,” Tlaib asked, with Dimon up first.

“Fully not and that could be the freeway to hell for America,” Dimon shot once more.

Tlaib then slammed JPMorgan-Chase and circled once more to criticism Dimon leveled in opposition to President Joe Biden’s plan to forgive as a lot as $20,000 in scholar debt in the middle of the listening to. She impressed people to cancel their accounts with a very powerful monetary establishment.

“Sir, what, everybody that acquired discount from scholar loans — has a checking account collectively together with your monetary establishment — must probably take out their account and shut their account,” an irritated Tlaib talked about.

“The reality that you just’re not even there to help relieve a lot of the of us which could be in debt, extreme debt, because of scholar mortgage debt and likewise you’re in the marketplace criticizing it,” Tlaib talked about sooner than shifting on to the next monetary establishment authorities on the panel, Citi CEO Jane Fraser, who provided a further diplomatic response.

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