A top banking official has issued a stunning response to a question from leftist Rep. Rashida Tlaib, D-Mich., about an immediate ban on financing any fossil fuel project with, “Absolutely not!”
In fact, J.P. Morgan CEO Jamie Dimon told the Democrat such a move would be “the road to hell for America.”
Fox Business reported that a whole panel of bankers responded with the same conclusion, although not the same directness, as Dimon when Tlaib insisted on knowing about their policies to cut off all financing for any and all fossil fuel projects immediately.
The bankers were appearing before the House Financial Services Committee.
Tlaib insisted the financial leaders commit to “no new fossil fuel production, starting today, so that’s like zero.”
After Dimon’s response, Tlaib claimed, “Yea. That’s fine. That’s fine. Sir, you know what, everybody that got relief from student loans [that] has a bank account with your bank should probably take out their account and close their account.”
It was unclear what connection Joe Biden’s legally questionable attempt to transfer billions of dollars of student debt from those who borrowed the money and spent it to taxpayers had with fossil fuels.
The other bankers all said they would continue to invest in oil and gas – as well as alternative energy projects.
Explained Brian Moynihan of Bank of America, “We are helping our clients make a transition, and that means we’re lending to both oil and gas companies and to new energy companies and helping monitor their course towards the standards you’re talking about.”
The problem for America is that the Biden agenda has vastly limited and reduced availability of the nation’s natural resources, such as natural gas for heating, causing consumers costs to explode.
Gasoline, which reached $6 a gallon earlier in the year, had been dropping in price for several weeks, but now has started surging again.
And replacement fuels, wind and solar and the like, simply to not have the capacity to supply American energy needs.