Marc Morano
JP Morgan CEO, Jaime Dimon in his annual letter to shareholders: “The window for action to avert the costliest impacts of global climate change is closing…We need to do more, and we need to do so immediately…Massive global investment in clean energy technologies must be done and must continue to grow year-over-year. At the same time, permitting reforms are desperately needed to allow investment to be done in any kind of timely way. We may even need to evoke eminent domain – we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives. Policies like the Bipartisan Infrastructure Law, the Creating Helpful Incentives to Produce Semiconductors (CHIPS) and Science Act, and the Inflation Reduction Act (IRA) — that hold the potential to unlock over $1 trillion in clean technology development — need to be implemented effectively…“The need to provide energy affordably and reliably for today, as well as the necessary investments to decarbonize for tomorrow, underscores the inextricable links between economic growth.”
Dimon also promoted JP Morgan’s “DIVERSITY, EQUITY AND INCLUSION EFFORTS”
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You Will Own No Land & Be Happy?! UN, World Economic Forum Behind ‘War On Farmers’ & Ending Private Land Ownership– One of the earliest meetings defining the “sustainability” agenda was the U.N. Conference on Human Settlements known as Habitat I, which adopted the Vancouver Declaration. The agreement stated that “land cannot be treated as an ordinary asset controlled by individuals” and that private land ownership is “a principal instrument of accumulation and concentration of wealth, therefore contributes to social injustice.” “Public control of land use is therefore indispensable,” the U.N. declaration said, a prelude to the World Economic Forum’s now infamous “prediction” that by 2030, “you’ll own nothing.”
By: Admin – Climate Depot
April 5, 2023
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.
JP Morgan CEO Champions Green Projects
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.”
Subsequently, Dimon stated, “We may even need to evoke eminent domain — we simply are not getting the adequate investments fast enough for grid, solar, wind, and pipeline initiatives.” Therefore, calling for governments to place the good of the climate over the private purchase of land and property.
The phrase eminent domain is meaning a government or state compulsory purchase of private property for the use of the public. Conclusively, Dimon spoke on the rather dire state of the energy crisis on the planet.
“The need to provide energy affordably and reliably for today, as well as the necessary investments to decarbonize for tomorrow, underscores the inextricable links between economic growth,” Dimon added.
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Alex Newman: Even private land ownership is in the crosshairs, as global food production and the world economy are transformed to meet the global sustainability goals, U.N. documents reviewed by The Epoch Times show.
One of the earliest meetings defining the “sustainability” agenda was the U.N. Conference on Human Settlements known as Habitat I, which adopted the Vancouver Declaration. The agreement stated that “land cannot be treated as an ordinary asset controlled by individuals” and that private land ownership is “a principal instrument of accumulation and concentration of wealth, therefore contributes to social injustice.”
“Public control of land use is therefore indispensable,” the U.N. declaration said, a prelude to the World Economic Forum’s now infamous “prediction” that by 2030, “you’ll own nothing.”
Lets start by seizing that assholes property.
All private real estate, and all JP Morgan real estate.
I think the value of the bank’s collateral just collapsed. They should now be insolvent.
Followed by Gates’ massive farmland acquisition.
Start with the immediate seizure of ALL J.P. Morgan properties and assets as well as those of CEO Demon
Checked plus then corrected myself. He’ll get twice what he paid for it. If I ask “where is the best place for me to live”, is the most honest answer “right here”?
The guy made out like a bandit after the housing bubble popped, these guys belong behind bars.
Maybe he wants windmills and solar panels on Epstein’s Island.
JPMorgan CEO Jamie Dimon ‘knew in 2008’ that Epstein was a sex trafficker, lawyer argues
Why not on the Lolita Express as well?
Jamie Dimon’s $13 Billion Secret—Revealedhttps://www.vanityfair.com/news/2017/09/jamie-dimon-billion-dollar-secret-jp-morgan
My thought exactly.
That’s not how communism works G. The surfs suffer before the oligarch’s
The surf won’t suffer, the waves will just go around anything in their way.
Serfs on the other hand always have it rough.
“…that asshole…”
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Made me smile (-:
You beat me to it, but it is an obvious suggestion.
I know some nice property on the Vineyard and on Hawaii that catches all the right rays… They should start there.
One would think Dimon should know “renewables” are virtue signaling, so there is a supposition he is only backing such unworkable schemes for nefarious purposes.
You can be assured that Dimon has positioned JPM to be the bank of choice for arranging financing for green energy projects.
Crony capitalism (AKA fascism) at its finest.
That didn’t go so well at SVB….
Some people mistakenly think “eminent domain” means the government takes for free. Money is involved.
The “just compensation” isn’t the point. EVEN IF the compensation is market value, a forced sale for no compelling state interest is just plain WRONG.
and could be violently resisted
I’d meant to imply the system can be gamed both ways. Like “just compensation” might include a 20% yearly return.
1) If the money were sufficient there is no need for eminent domain.
2) When the government invokes eminent domain, it decides what your property is worth, your opinion does not matter.
Eminent domain is a hold-over from when sovereigns ruled and denizens were subjects (slaves). Its history in the US is pretty much a rationalized power-grab.
Well, since there is no compelling state interest (NO data, none, that supports the conjecture that human CO2 causes meaningful shifts in the climate zones of the earth, further there is strong data evidence that CO2 rise lags surface temperature rise by a quarter cycle), that would violate the 5th Amendment to the Constitution of the United States of America.
This technical detail has never stopped Democrats.
… has never stopped
Democratscommunists. Yep. They style themselves “democrats.”195 countries 5 Communist
Democratic Republic of China
Democratic Republic of North Korea
Democratic Republic of California
No state would have ratified the Constitution if it allowed the Federal Government to use eminent domain to seize state land. Let the feds use government land, they have enough of it.
Dimon should stick to prudent banking. If he bankrolls green stuff JPMC will lose a ton of money and he will get canned. Perhaps that would be a good thing.
Or perhaps the losses will be socialized, and we all take the hit.
These banks act as go-betweens (for a large fee) to arrange financing, their exposure is minimal.
And you can be assured that if the green bubble were to pop any investments JPM has would be offloaded first onto pension plans and other stupid money and then the taxpayers because the banks are “too big to fail”.
Nope, ain’t so: Silicon Valley Bank wasn’t too big to fail. Its just that its investors and depositors were too big of Democrat Party donors to loose any money.
The investors have lost money, as the bank has been sold to another regional bank which specialises in distressed bank assets.
The depositors will be mostly covered by the banks investments and a levy of all banks
Prudent banking??
2012 headline: “Chief Executive Jamie Dimon will get his pay cut by half because of a trading loss that cost the bank more than $6 billion last year and drew sanctions from federal regulators.”
Begs the question where does Dimon get his climate knowledge?
“where does Dimon get his climate knowledge?”
That was my first thought. Dimon could not prove action on CO2 needs to be taken if his life depended on doing so. Somebody told him CO2 was a problem and he believes it. But it’s not based on facts because there’s no evidence CO2 is any kind of a problem at all for humanity.
So even a big international banker can be clueless at times. And I do think he is clueless in this case. If he were just in it for the money, he could make plenty of it off windmills and solar without going to the extreme of suggesting confiscating other people’s property may be necessary to solve the CO2 “problem”. So I think he is serious about it in his own mind.
That doesn’t change the fact that there is no evidence action needs to be taken to control CO2.
I think there is a pandemic of Stupid going across, at least, the Western Democracies, and even smart people get infected.
Fraudulently mannipulate a temperature chart, and look what you get: International Bankers wringing their hands over CO2.
Why isn’t this acknowledged as racketeering?
racketeering, engaging in a pattern of illegal scheming and activity for profit. A “racket” is a fraudulent and often illegal activity that is often carried out by means of extortion or intimidation.
Utter twaddle, of course. It’s just a word salad. He mentions lack of investment in solar, grid and pipelines in the same sentence.
“The Baron smiled. And behind his smile, he asked himself: Now, how does this fit in with Hawat’s personal scheming?”
-Dune, Frank Herbert.
I follow JPM on the investment side and received CEO Dimon’s annual letter. This post does accurately reflect the CEO’s statements in his annual newletter… although he is not necessarily deemphasizing continuing devlopment and growth of fossil fuels, simply he is encouraging an all of the above focus to develop green and clean fossil fuel sources. Green and clean is developing much more slowly than you would gather from the mainstream media. Getting government “out of the way” and allowing continuing development of clean fossil fuel and pipeline projects while encouraging alternative wind and solar just makes sense. Take a look at BP’s annual energy forecast and EIA annual report and it’s clear that ‘green energy’ is not coming in the foreseeable future, and supporting all of the above just makes the most sense.
“….while encouraging alternative wind and solar just makes sense….”
Why? Let it happen with no subsidies and tax benefits. If people then want to make those investments, fine. But why encourage it? It won’t need encouragement if it’s a smart investment.
Get government out of the way?
The only reason why anyone invests in any of this nonsense is because of government requirements.
If government got completely out of the “clean” energy sector, it would grow faster, it would collapse.
Thats so , but utilities already have rights of eminent domain ( depending on state) to build power lines and such as a type of easement
eg ‘Eminent Domain in the Public Utility Space: General Concepts
That applies in Montana
Do they pay property owners for easements though?
If government got “out of the way,” not even one large scale wind or solar project would be constructed, except by regressive governments hell bent on destroying their own economies.
As I like to say, the wind blows and sun shines over cities as well as the countryside. If eco-loon leftist city dwellers want wind and solar, let them build it on top of themselves. They can start by using eminent domain on all JP Morgan and Chase buildings.
I asked ChatGPT, “Please give an example of the primary usage of the word “evoke.”
Answer:
“One example of the primary usage of the word “evoke” could be:
The painting evokes feelings of sadness and despair in its viewers, with its dark colors and somber tone.”
So there. Maybe Jamie Dimon used that word intentionally instead of “invoke.”
Can’t believe this wasn’t the first comment on here. It’s in the title of the article, but almost nobody noticed.
It was noticed and commented upon by the publishers of the first time I read this story.
Can’t remember where now.
Yes, we did. Guy is illiterate.
“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.”
He just might find that those whose land is seized aren’t going to take it lying down- nor will their neighbors and others in that community.
mebbe, instead of a “Massive global investment in clean energy technologies (that) must be done and must continue to grow year-over-year”, we should through our collective social energy into a massive investment in time travel technology and expand/grow that investment year after year.
That way we could go back and tell people from two hundred years ago to stop the unsustainable growth … that it will lead to ruination; I am pretty that they would buy into the program.
But if it didn’t, we could just go forward, past the ‘great failure’, and start over with like minded people.
Why think small. Managed in the correct fashion, time travel would be a greater tool than would be free-energy machines. If I can get the govt to confiscate Jamie’s wealth, and give it to me, I think I could make great strides toward researching, studying, comprehending what it would take to conquer time travel.
Step forward Wat Tyler… Peasants’ revolt required
Great, we take all his property and holdings and convert them to power storage and generation. What? Condo? make it a water holding tank (water battery) and wind pumps it up, and it drains during the night.
The nutters are really in charge of the asylum. How do such stupid people get to such positions?
People are good at some things, and not so good at other things.
We seem to be in a period of time where our current leadership, government and private sector, is not so good at things relating to the Earth’s climate and CO2 Unfortunately, these people are in charge at the moment.
The job of sane people is to change this and put people who live in the real world in charge, and oust those who live in the scary fantasy world of Demon CO2.
American citizens should seize their property that is held in JP Morgan banks, for starters. He seems to overvalue his opinion.
Yeah, the head of an institution that owes its very existence to free markets wants the government to dictate not only land ownership rights, but to direct markets in a socialistic manner. And his shareholders put up with this shit?
“You will own no land, and be happy”.
True, Bill Gates will own it all, and he’ll be extremely happy!
Making alternative B more attractive for investment by making currently satisfactory alternative A more expensive through government fiat may not be the most efficient and effective way to boost productivity in this country.
But what do I know, my BSME and MBA are more than 50 years old and obviously not up to date with current economic theory.
The fact that AOC supposedly holds a degree in economics and thinks that the government can print all the money it wants to do whatever it wants without consequences illustrates vividly how worthless most college degrees have become.
It would be one thing if AOC were alone in her ignorance of basic economic principles and economic history, but there are a number of economists (and certainly college professors) that accept Modern Monetary Theory.
This insanity has spread to the White House and to most of the Democrat Congress.
Jamie gets paid the big bucks to avoid excessive risk, which in this case means to play crazy ant to stay in line with all the other crazy ant politicos in the northeast. You can’t play the straight guy in a fully warped regulatory and political environment. Just ask the bankers in Tehran, Moscow, and Havana.
“The window for action to avert the costliest impacts of global climate change is closing…” The costliest impact of global climate change is misguided climate policy. Avert it by voting out the Biden Adminstration.
Why would anyone be surprised that a Marxist agenda comes up with Marxist solutions?
The nutter chart is turning into a Hockey Stick.
These people are insane
This, plus the damned gender wars ….Are they putting something in the water FFS?
The Crazies are coming out of the woodwork.
Psychopaths are moved to violence by seeing other psychopaths moved to violence. It’s a contagion.
It’s time for a law and order crackdown. But we won’t be getting that any time soon from the radical Democrats. Their focus is on letting violent criminals out of jail. Just the opposite of what a civilized society needs.
Stalin took all the land and killed all the farmers and their families as well so he didn’t have to feed all those unemployed mouths. Is that what Dimon is suggesting?
Not yet. But Dimon apparently thinks CO2 is such a serious problem that the future of humanity is at stake, so who knows what he will promote if he doesn’t see enough “progress”.
Surprisingly I agree with this mongrel but with a caveat. I think anyone who thinks like this should have his property confiscated and used to build a nuclear power plant. If the site isn’t suitable for a nuclear power plant sell his property to buy and build in a place that is suitable.
The sacrifice needs to be personal. Let Jaime Dimon empty his own personal accounts and sell his assets to buy the land necessary to install useless turbines and solar panels. Lets see how much he really believes in his own words.
Subject these scoundrels to eminent prison.
Dimon’s lapel pin is joined US and Ukrainian flags. The guy’s an idiot.
A Slavic Spring in 1/2 of Urkaine. Iran is auditioning for the second half under Biden, too.
Jamie has found a way to unload all those Maiden Lane LLC mortgage-backed securities. Seize the property at 0.99 cents on the dollar for windfarms.
There is not real evidence that CO2 has any effect on global climate. Hence all efforts to reduce CO2 emissions will have no effect on global climate. He needs to read: “The Rational Climate e-Book” by Patrice Poyet to really understand what is actually going on with the Earth;s climate. The download is free.
There is plenty of government land available for this if that is really what they want to do. For example, close to where I life is a wildlife preserve, a state beach, and state owned ocean property that could be covered with wind mills and solar panels I myself am willing to cover my roof in solar panels made in the USA as long as government pays for it all and the system meets my specifications and requirements.
There is something appropriate about his name. J Dim-one.
Can’t be long now until one of the upper echelon of society suggests Soylent Green is an excellent protein option.
Looking at you Joe, those hairy legs, yummy….
Isn’t this the guy who was recently publicly opposing limitations on investing in fossil fuels? Just charting a path to suck up all the money and use it to – suck up all the future money.
As even the most fanatical alarmist has to admit that action by the USA alone will not move the thermometer one tenth of a degree the first objective of any believer must be to promote buy in from those bits of the geopolitical jigsaw who have not yet climbed on board.
Unless they are just posturing with an undeclared interest of course…
‘ere, ‘ang on…
Translation:
“Feudalism was a great system. We’ll just replace the lord of the land with Government in the name of “The People”! (And, of course, we’ll run the Government.)”
Isn’t JP Morgan “too big to fail”? Perhaps we should just seize that to be safe.