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Wednesday, June 12, 2024

JP Morgan CEO Suggests Seizing Private Land for Green-Energy Projects

'We simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives...'

(Molly Bruns, Headline USA) In an annual letter to his shareholders Jamie Dimon, CEO of JP Morgan Chase, recommended that the government seize private property in order to build solar panels and other green-energy sources.

Dimon tapped into his inner climate alarmist and suggested the federal government take advantage of eminent domain, which would allow it to seize land and compensate landowners, according to the Daily Caller.

“[P]ermitting reforms are desperately needed to allow investment to be done in any kind of timely way,” Dimon wrote. “We may even need to evoke [sic] eminent domain—we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”

He said green-energy technology deserved more significant investment and that  “governments, businesses and non-governmental organizations need to align” to “comprehensively address fundamental issues that are holding us back.”

Dimon’s letter closely followed the passing of a bill by the Iowa House, which restricted eminent domain and increased property rights for Iowans.

The state legislature passed the bill limiting the eminent-domain capabilities of carbon pipeline companies and requiring the organizations to reach voluntary deals with landowners before exercising that power.

According to Democrat state Rep. Steven Holt, the bill’s primary focus was to protect citizens’ property rights.

“Regardless of the economic gain or the benefit to certain industries or groups of people, this fundamental liberty must not be for sale,” Holt said. “If these pipeline projects are essential to ethanol and agriculture, let them be built through voluntary easements and not by allowing the blunt force of government to be used to shatter this fundamental birthright we all share as Americans.”

Recently, Dimon also claimed that spiking inflation, coupled with U.S. involvement in the fight between Russia and Ukraine, was driving the country straight into a devastating recession.

“Right now it’s kind of sunny, things are doing fine. Everyone thinks the Fed can handle this,” Dimon said. “That hurricane is right out there down the road coming our way.”

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