In his annual letter to shareholders, JP Morgan CEO, Jaime Dimon, says that the government should seize private property to build wind and solar farms. Moreover, Dimon suggested that green initiatives should be embraced to eventually meet net-zero targets.
Dimon spoke on the call for government seizure and noted its potential impact on the ongoing fight against climate change. Conversely, the same letter to shareholders noted Dimon’s perspective on the banking crisis and its potential implications on the economy.
In what is a rather surprising statement, Jaime Dimon has spoken on the lengths he is willing to go to for green projects. Specifically, the JP Morgan CEO says that the government should seize private property to build wind and solar farms. Thus, fast-tracking green initiatives and embracing a greater chance in the fight against climate change.
Within his annual letter to shareholders, Dimon spoke on his rather concerning take. Stating, “Permitting reforms are desperately needed to allow investment to be done in any kind of timely way.”