Executives from the country’s six largest banks testified before the House Financial Services Committee on Wednesday for its annual oversight to discuss issues including climate change and fossil fuels.
Far-left Rep. Rashida Talib (MI-D) asked all the bank executives if they have a policy against funding new oil and gas products.
Talib erupted after JP Morgan Chase CEO Jamie Dimon humiliated her with his highly concise and on-point response.
“Absolutely not and that would be the road to Hell for America,” Dimon replied.
In response, Rashida Talib launched an attack on the bank and urged 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,” Talib said.
There was not a single bank CEO agreed with Talib that they should stop financing fossil energy.
She continued her rant against Dimon and said, “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. Cancer rates are so high among my communities that I represent. So I’m not going to ask if you’re committing to ending the financing of a new oil and gas project.”
Watch the video below:
Let’s not overlook how a sitting member of Congress is telling people to close their Chase bank accounts because he embarrassed her with his very brief and succinct response https://t.co/Dmw51mQ8J5
— Chris (@chriswithans) September 21, 2022
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Dimon — asked for his analysis of modern energy investments into older forms of power including coal and gas — said the US is not on the right path.
“We aren’t getting this one right. The world needs 100 million barrels effectively of oil and gas every day. And we need it for 10 years,” Dimon said.
“To do that, we need proper investing in the oil and gas complex. Investing in the oil and gas complex is good for reducing CO2,” he continued.
“We’ve all seen, because of the high price of oil and gas — particularly for the rest of the world — you’ve seen everyone going back to coal.”
Dimon pointed to spikes in coal use worldwide, even among wealthy nations.
He added, “Not just poor nations like India and China, Indonesia and Vietnam — but wealthy nations like Germany, France and the Netherlands. CO2 is getting worse. We need to have proper rules and regulations and government policy to have an effective transition to reduce CO2, keeping energy secure.”