Reality Is Setting In: Jamie Dimon's Testimony Caps A Confrontational Energy Week by David Blackmon
Appeared in Forbes on September 22, 2022
Gina's Thoughts
The road to hell is paved with good intentions. JP Morgan Chase CEO Jamie Dimon rejected taking the "road to hell" also known as "the divestment agenda" at congressional hearings on Capitol Hill this past week. The CEO of one of the largest banks in the world "informed his inquisitor that his bank would not refrain from making new investments in major oil and gas development projects, telling the members when asked that question "Absolutely not, and that would be the road to hell for America." Instead, he said "the world needs proper investing in the oil and gas complex." Two CEOs in two weeks eschewing divestment in favour of investment in oil and gas makes for a good two weeks.