JPMorgan Chase CEO Suggests Seizing Private Property To Build More Solar Farms | Eastern North Carolina Now

    Publisher's Note: This post appears here courtesy of the The Daily Wire. The author of this post is Ben Zeisloft.

    JPMorgan Chase CEO Jamie Dimon called for lawmakers to take drastic action in favor of a renewable energy transition, including the seizure of private property to make more land available for solar and wind farms.

    Dimon, regarded as one of the most powerful investment bankers on Wall Street, wrote in his annual shareholder letter that "bolstering growth" in the global economy "must go hand in hand with both securing an energy future and meeting science-based climate targets." He mentioned eminent domain, the power of a government to seize private land for public use, as one possible mechanism to accelerate the development of green energy sources.

    "Permitting reforms are desperately needed to allow investment to be done in any kind of timely way. We may even need to evoke eminent domain," he said. "We simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives."

    Dimon also noted that the Russian invasion of Ukraine complicates efforts from many nations to move toward renewable energy due to elevated worldwide fuel costs. "We need to do more, and we need to do so immediately," he continued. "Governments, businesses and non-governmental organizations need to align across a series of practical policy changes that comprehensively address fundamental issues that are holding us back. Massive global investment in clean energy technologies must be done and must continue to grow year-over-year."

    The executive contended that various Biden administration legislative actions, such as the Inflation Reduction Act and the Bipartisan Infrastructure Law, will enable $1 trillion in green energy initiatives as long as they are "implemented effectively." The administration has indeed established a "whole-of-government effort" to reduce carbon emissions.

    The dire commentary from Dimon follows his previous observation that rising energy prices have prompted many nations to increase their reliance on coal, thereby worsening emissions and necessitating the continued production of cleaner fossil fuels. "We should focus on climate. The problem with that is because of high oil and gas prices, the world is turning back on their coal plants," he remarked last year. "It is dirtier. Why can't we get it through our thick skulls, that if you want to solve climate, it is not against climate for America to boost more oil and gas?"

    Dimon has also condemned the Biden administration for approaching hostile countries such as Saudi Arabia and Venezuela "hat in hand" to secure more oil. He likewise told lawmakers that banks refusing to fund new oil and gas ventures would create "the road to hell for America."

    Critics have nevertheless noted that JPMorgan Chase is involved with entities such as the Net-Zero Banking Alliance, an initiative of the United Nations which seeks to unify bank portfolios toward the goal of eliminating carbon emissions by 2050. Several Republican attorneys general contended last year that such objectives place the economic wellbeing of their constituents at risk due to higher energy costs as member companies "starve companies engaged in fossil fuel-related activities of credit on national and international markets."

    Dimon noted that "climate risk" is a contentious issue among many investors as shareholder meetings convene. One member of the new Climate-Related Financial Risk Advisory Committee, a body recently created by the Treasury Department to "understand and mitigate the risks that climate change poses" to economic stability, is Catherine Ansell, the executive director of climate risk at JPMorgan Chase.
Go Back


Leave a Guest Comment

Your Name or Alias
Your Email Address ( your email address will not be published)
Enter Your Comment ( no code or urls allowed, text only please )




Jordan Subpoenas Ex-Prosecutor From Trump Probe Economic Truths, Daily Wire, A Business Perspective, Guest Editorial, Editorials, Business, Op-Ed & Politics John Rich, Travis Tritt Join Boycott Of Bud Light After Brand Partners With Dylan Mulvaney


HbAD0

Latest Op-Ed & Politics

Pope Francis lambasted leftist gender ideology during an address this week, warning that it presented an extreme danger to mankind.
amnesty would just encourage more illegal aliens to storm our borders
The Christmas candy was barely off the shelves when the Valentine’s candy appeared. Red and pink hearts with caramel and nut-filled chocolate goodness caught our eye. We are reminded of how we love love. Young love, especially.
far left sugar daddy has also funded anti-Israel groups and politicians in US
Be careful what you wish for, you may get it
America needs to wake up and get its priorities right
Former President Donald Trump suggested this week that if he becomes president again, he might allow Prince Harry to be deported.
It's a New Year, which means it's time to make resolutions — even for prominent evangelical leaders. The Babylon Bee asked the following well-known figures in the faith what they hope to accomplish in 2024:

HbAD1

Vice President Kamala Harris will visit a Minnesota Planned Parenthood clinic, reportedly the first time a president or vice president has visited an abortion facility.
An eight-mile stretch of the Blue Ridge Parkway near Asheville has been temporarily closed due to a string of “human and bear interactions,” the National Parks Service announced.
University of Wisconsin tried to punish conservatives for the fact that liberals regularly commit crimes to silence opposition
most voters think EU officials not doing a good job on illegal immigration
Come from behind by GOP candidate is a blueprint to 2024
Biden spending and energy policies to blame
Tuberculosis carried by illegal invaders has already infected Texas cattle
Sen. Ted Cruz (R-TX) said this week that the only campaign promise President Joe Biden has delivered on as president is the complete dismantling of the U.S. southern border.

HbAD2

 
Back to Top