Climate change has become big government’s excuse for everything. Now, Jamie Dimon, CEO of JPMorgan Chase bank, says it is the reason to advance clean energy initiatives.
Of course, he’s looking at it strictly from his bank’s perspective. “Massive global investment in clean energy in technologies must be done and must continue to grow year-over-year,” Dimon said. “To expedite progress, 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.” In other words, he wants to use government to get a political advantage for his bottom line.
In his annual letter to his shareholders, under “Climate Complexity and Planning,” Dimon says: “[T]he window for action to avert the costliest impacts of global climate change is closing. The need to provide energy affordably and reliable for today…underscores the inextricable links between economic growth, energy security and climate change.”
He then discusses the need to quickly begin investing in solar projects and other green initiatives suggesting government should use eminent domain to seize private property for those projects.
“At the same time, 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 – we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives,” Dimon wrote.
Dimon’s statement about his desire to use eminent domain for green energy projects came a few weeks after the Iowa State House passed a bill limiting carbon pipeline companies’ ability to exercise eminent domain. The bill states companies would need to reach voluntary deals to buy 90% of the land needed before they could use eminent domain.
Rep. Steven Holt, an Iowan Democrat said: “[R]egardless of the economic gain or the benefit to certain industries or groups of people, this fundamental liberty (ownership of private property) must not be for sale. If these pipeline projects are essential to ethanol and agriculture, let them be built through voluntary easements and not by allowing the blunt force of government to be used to shatter this fundamental birthright we all share as Americans.” We could not have said it better, Mr. Holt!
Jamie Dimon is also in the news today over two lawsuits filed by the U.S. Virgin Islands against JPMorgan’s ties to deceased “financier” and pedophile, Jeffrey Epstein. According to Whitney Webb, an investigative reporter for Unlimited Hangout (see https://unlimitedhangout.com/author/whitney-webb/), Jamie Dimon, who became CEO of JPMorgan in 2003, has been named in one of the lawsuits for having knowledge “in 2008 that his billionaire client (Jeffrey Epstein) was a sex trafficker.”
The lawyer in the case, Mimi Liu asserts that “Staley (former JPMorgan executive) knew, Dimon knew, JPMorgan Chase knew” about Epstein’s criminal activities against minors.
Time will tell, but the old adage: “power corrupts, and absolute power corrupts absolutely” seems to describe Mr. Dimon to a tee. Once powerful men reach the pinnacles of this type of stature and wealth, bad things tend to happen.
We cannot allow eminent domain to be used to further a “climate change” agenda.
Dig deeper …
https://www.desmoinesregister.com/story/news/politics/2023/03/22/iowa-house-passes-bill-restricting-eminent-domain-to-build-pipelines/70035687007/ Des Moines Register, Stephen Gruber-Miller, March 22, 2023
https://unlimitedhangout.com/2023/03/investigative-series/the-rise-of-jamie-dimon/ by Whitney Webb March 27, 2023
https://reports.jpmorganchase.com/investor-relations/2022/ar-ceo-letters.htm (JPMorgan 2023 annual report)
