JPMorgan’s Jamie Dimon: To Stop Oil and Gas Projects Is ‘Wrong’ and ‘Enormously Naïve’ – CEO Warns of Danger of ‘Stagflation’ in Letter to Shareholders
Jamie Dimon steered JPMorgan through a difficult last year, with the largest American bank involved in a string of lawsuits regarding its long-standing commercial relationship with the late convicted sex offender, alleged pedophile and sex trafficker Jeffrey Epstein.
But JPMorgan settled with the plaintiff victims, with the US Virgin Islands government, and Dimon led the financial institution to be most profitable in 2023, even acquiring troubled First National bank.
At the other side of the PR shitstorm, CEO Dimon has again taken to the forefront of economic policy discussions – and he hasn’t shied away from discussing the vital energy sector.
Read: JPMorgan CEO and Dem Donor Jamie Dimon Slams Biden Again – Now It’s ‘Bidenomics’
Dimon now says that US delays of liquefied natural gas projects were done ‘for political reasons’.
