Jamie Dimon says stopping oil and gasoline manufacturing can be ‘road to hell’ for US

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

Part of the Congressional listening to targeted on gasoline and oil firms’ manufacturing. TANNEN MAURY/EPA-EFE/Shutterstoc

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

“Please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products,” Tlaib asked, with Dimon up first.

“Absolutely not and that would be the road to hell for America,” Dimon shot again.

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

“Sir, you know what, everybody that got relief from student loans — has a bank account with your bank — should probably take out their account and close their account,” an irritated Tlaib stated.

“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,” Tlaib stated earlier than shifting on to the following financial institution govt on the panel, Citi CEO Jane Fraser, who supplied a extra diplomatic response.

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