Far-left Rep. Rashida Tlaib (MI-D) asked bank executives who testified before the House Financial Services Committee on Wednesday if they have a policy against funding new oil and gas products.
“Please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products,” Tlaib asked, with JP Morgan Chase CEO Jamie Dimon up first.
“Absolutely not, and that would be the road to Hell for America,” Dimon replied.
Tlaib erupted following Dimon’s blunt response.
Tlaib launched a scathing attack on the bank, urging customers to close their JP Morgan accounts.
“You know what? Everybody that got released from student loans that have a bank account with your bank should probably take out their account and close their account,” Tlaib snapped.
“The fact that you’re not even there to help relieve many of the folks that are in debt, extreme debt, because of student loan debt and you’re out there criticizing it,” Tlaib said before moving on to the following bank executive on the panel.
Not one bank CEO agreed with Rashida Tlaib that they should cease financing fossil energy.
She continued her rant against Dimon:
“I’m not going to ask you, Mr. Dimon, because you obviously don’t care about working-class people in frontline communities like ours that are facing huge amounts of high rates of asthma, respiratory issues, and so much more,” Tlaib said.
“Cancer rates are so high among my communities that I represent,” she continued.
“So I’m not going to ask if you’re committing to ending the financing of a new oil and gas project.”
Fox News reported:
Critics of the environmental policies Tlaib advocates, argue that those policies have already reduced funding to fossil fuel projects which has exacerbated the energy shortages seen in Europe since Russia invaded Ukraine earlier this year.
American financier Kyle Bass argued that the transition from fossil fuels to alternative energy must not be rushed.
“These transitions take forty years, Joe. The move from coal to natural gas took forty years. They take a very, very, very long time. We can’t just flip a switch,” he told CNBC in an interview last month.