My area is home to many retail and housing developments. Although I’m not against retail, I can see two McDonald’s from my front yard. I don’t even include the one at the opposite end of town. As I drive through my state, I see many people building multi-million dollar homes or new strip malls. I am left to wonder if there is a need to build on every square foot. I also wonder where the environmentalists are. They are supposed to be concerned about this. They were actually protesting the oil and gas drilling rigs. Sorry. It is impossible to build a temporary natural gas rig. It’s fine to have a McMansion. Wind and solar farms are also fine. Jamie Dimon might have his way and there could be a solar or wind farm near you. You might even be able to seize property.
Dimon is JP Morgan Chase & Co’s CEO. Dimon wrote in part a letter to shareholders urging them to keep the pedal down on climate change.
It is essential to ensure energy security, economic growth, and decarbonization for the future. We must do more and do it immediately.
Governments, businesses, and non-governmental organizations must work together to implement a range of policy changes that address the fundamental issues that hold us back. Global investment in clean energy technologies is vital and should continue to grow each year.
However, reforms in permitting are essential to ensure that investment can be made in a timely manner. We might even have to invoke eminent domain because we aren’t getting enough investments quickly enough for projects like grid, solar, wind, and pipeline. Effective implementation is required for policies like the Bipartisan Infrastructure Act, the Creating Helpful Incentives To Produce Semiconductors and Science Act, as well as the Inflation Reduction Act, (IRA), which have the potential to unlock more than $1 trillion in clean tech development.
“We may even have to evoke the eminent domain.” Whose property is this? Is this corporate property? Is this government property? Is it an individual’s or family’s property we are referring to? Dimon doesn’t elaborate. Dimon does not elaborate on the need for business and government to come together. Below are excerpts of the letter.
Governments, businesses, and non-governmental organizations must work together to implement a range of policy changes that address the fundamental issues that hold us back. Global investment in clean energy technologies is vital and should continue to grow each year.
Sixth, we work with an important and silent partner — The United States government. My friend Warren Buffett pointed out that the extraordinary circumstances our country creates are a key factor in his company’s success. His shareholders should all say “Thank you” when they see the American Flag. We should. JPMorgan Chase is a thriving and healthy company. We always give back and do our fair share. We pay our fair share, but we want it to be used well and have the greatest effect. For a better understanding of our taxes and fees, here’s a chart showing how much we have paid in taxes over the past 10 years. We paid nearly $19 billion outside the United States and more than $43 billion in state, federal and local taxes in the United States. The Federal Deposit Insurance Corporation was also paid more than $10 billion to ensure that it has enough resources to cover the failures in American banks. We are required to comply with all regulatory and legal requirements set forth by our federal partner, the Federal Deposit Insurance Corporation.
Vivek Ramaswamy warned us that big business could be getting in the way of the government before he declared his presidential run. Big Biz, Big Gov, and the Department of the Interior have lit candles and poured low-grade champagne, and placed a Barry White album onto Alexa when it comes down to renewables. In February, I wrote about the approval given by the Department of the Interior to Intersect Power, a solar company, to run roughshod over the California town of Desert Center. The company is installing solar panels on 2600 acres of desert public land, which is causing havoc with the ecosystem, native species, water resources, and dust in the air. You can read the entire story back to see how Intersect’s executives donated to the Biden campaign.
You should also remember that donations to the president were bundled by a group called Leaders of Clean Energy for Biden in the past. This group is composed of “clean energy policy and business leaders.” Energy Secretary Jennifer Granholm promoted these companies shortly after Biden was inaugurated. Kimber was also part of the group. It now advocates de-carbonization under “Clean Energy for America.”
Biden seems to be just starting to get warmed up. The Free Beacon reports that Deb Haaland, Interior Secretary, presented a plan to build solar farms in tens of thousands more locations throughout the West last year. This is how we can protect the environment. We all knew it was coming when we watched the Obama administration’s green energy pay-for-play schemes. It’s not surprising, although it is sad. This is bad news for environmentalists, who have discovered that the only thing green Democrats care about is the colors of money.
Let’s sum it up. The administration and the major corporations don’t care about the environment, or you. They care about making big bucks and enjoying the view from the top. They want you to believe they are doing this for your good.
