JPMorgan Chase CEO Jamie Dimon mentioned slamming the brakes on new oil and fuel manufacturing “could be the street to hell for America” after Rep. Rashida Tlaib requested him to divest in oil.
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 might decide to 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.
“Completely not and that may be the street to hell for America,” Dimon shot again.
Tlaib then slammed JPMorgan-Chase and circled again to criticism Dimon leveled in opposition to President Joe Biden’s plan to forgive as much as $20,000 in scholar debt through the listening to. She inspired folks to cancel their accounts with the main financial institution.
“Sir, you already know what, everyone that received reduction from scholar loans — has a checking account together with your financial institution — ought to most likely take out their account and shut their account,” an irritated Tlaib mentioned.
“The truth that you’re not even there to assist relieve lots of the people which are in debt, excessive debt, due to scholar mortgage debt and also you’re on the market criticizing it,” Tlaib mentioned earlier than shifting on to the following financial institution govt on the panel, Citi CEO Jane Fraser, who provided a extra diplomatic response.