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 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.