They missed a great opportunity to ask Tlaib if she’s stopped using fossil fuels herself. Perhaps it’s just me, but, when someone starts yammering about climate doom that’s the first question I ask them
Leaders in the banking industry clashed with Rep. Rashida Tlaib, D-Mich., Wednesday after Tlaib demanded that they commit to immediately end all financing of all fossil fuel products.
J.P. Morgan CEO Jamie Dimon told the far-left representative during a House Financial Services Committee hearing that her request would lead to despair and ruin.
“You have all committed, as you all know, to transition the emissions from lending and investment activities to align with pathways to net-zero in 2050… So no new fossil fuel production, starting today, so that’s like zero. I would like to ask all of you and go down the list, cause again, you all have agreed to doing this. Please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products, Mr. Diamond?” Tlaib asked.
“Absolutely not, and that would be the road to hell for America,” Dimon responded.
And they all told Tlaib that they would continue to loan money, because, you know, that’s what banks do. If doing away with fossil fuels was so easy, then, why have most Warmists not done so? Who wants to bet that Tlaib flies back and forth between D.C. and Michigan?
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, for example, 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.
And how’s that working in Europe?
German wind turbines near Leipzig, doing everything they can to help solve the energy crisis. pic.twitter.com/6QWWOOxlYJ
— Peter Todd/mempoolfullrbf=1 (@peterktodd) September 21, 2022
