new video loaded: JP Morgan Will ‘Punch Back’ on Texas’ Efforts to Limit Its Business
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JP Morgan Will ‘Punch Back’ on Texas’ Efforts to Limit Its Business
Jamie Dimon, the chief executive of JP Morgan Chase, said that there would be “consequences” for the state’s attempts to restrict business with banks that embrace environmental, social and governance policies.
00:00:00.000 —> 00:00:02.270 We financed more oil and gas companies in the world than 00:00:02.270 —> 00:00:04.103 just about anybody else, which I’m proud of. 00:00:04.103 —> 00:00:06.290 The best companies, the cleanest companies, 00:00:06.290 —> 00:00:07.760 they’re reducing the oil and gas. 00:00:07.760 —> 00:00:08.760 They’re reducing the methane. 00:00:08.760 —> 00:00:10.820 They will be the biggest part of the transition, 00:00:10.820 —> 00:00:12.280 whether you think that or not. 00:00:12.280 —> 00:00:14.558 You know, and so we look at facts and detailed analysis. 00:00:14.558 —> 00:00:16.850 And yes, we’re also one of the biggest green financiers 00:00:16.850 —> 00:00:22.200 in the world — solar, wind, all the R&D taking place. 00:00:22.200 —> 00:00:23.640 And so we just do our jobs. 00:00:23.640 —> 00:00:25.967 And that’s, that — I don’t think will happen. 00:00:25.967 —> 00:00:27.300 But if it does happen, so be it. 00:00:27.300 —> 00:00:29.020 We can’t do municipal bonds in Texas. 00:00:29.020 —> 00:00:32.030 There will be consequences to Texas because we bank 00:00:32.030 —> 00:00:36.500 their cities, schools, states, hospitals, companies — 00:00:36.500 —> 00:00:38.310 30,000 employees. 00:00:38.310 —> 00:00:40.840 And this time I would punch back.
JP Morgan Will ‘Punch Back’ on Texas’ Efforts to Limit Its Business
Jamie Dimon, the chief executive of JP Morgan Chase, said that there would be “consequences” for the state’s attempts to restrict business with banks that embrace environmental, social and governance policies.
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