September 28, 2022

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Jamie Dimon says America should 'go through our thick skulls', US energy is not against climate change

Jamie Dimon says America should ‘go through our thick skulls’, US energy is not against climate change

Jamie Dimon, CEO of JPMorganIn a recent call with a customer, he insisted that increasing US natural gas production does not conflict with the goal of reducing greenhouse gas emissions.

“We have to focus on the climate. The problem with that is because of high oil and gas prices,” Yahoo Finance quoted Dimon’s call last week.

In an unusual rebuke to JPMorgan Chase & Co CEO Jamie Dimon, shareholders on Tuesday clearly refused to give him managers a $52.6 million stock options award last year to stay in the job for at least five more years. (Reuters / Jenna Moon / File Photo / Reuters Photo)

“Why can’t we get it through our thick skulls, if you want to solve the climate problem [change]It is not against the climate [change] Does America want to increase oil and gas? ”

JPMorgan pledge To achieve net zero emissions by 2050 in accordance with the Paris Agreement. The bank said its commitment ensures that it measures its customers’ emissions in key sectors of its financing portfolio.

Energy experts warn that the so-called “law of expanding inflation” will lead us towards a crisis like Germany

In a letter to shareholders Last year, Dimon said, “National security requires energy security for ourselves and our allies abroad,” adding that “using gas to reduce coal consumption is an effective way to urgently reduce carbon dioxide emissions.”

The issue of domestic energy production has become more pressing this year amid soaring gas prices and Russia’s persistence Invasion of Ukraine led to fluctuating energy needs in Europe.

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Dimon called for a “Marshall Plan” to ensure the energy security of the United States and its European allies. He said that European countries that rely heavily on Russian energy need help from the United States

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“For such a plan to work, we need to immediately secure adequate energy supplies for the next few years, which can be done while reducing carbon dioxide emissions,” Dimon said.