JPMorgan CEO Jamie Dimon says that boosting natural gas production in the United States does not equate with being against climate change.
, in a recent client call, insisted that boosting natural gas production in the United States was not at odds with the goal of reducing greenhouse gas emissions.
"We should focus on climate. The problem with that is because of high oil and gas prices, the world is turning back on their coal plants. It is dirtier," Yahoo Finance reported of Dimon’s call last week. In an unusual rebuke for Jamie Dimon, CEO of JPMorgan Chase & Co, shareholders on Tuesday clearly disapproved of the special $52.6 million stock option award directors gave him last year to stay on the job for at least five more years.
"Why can‘t we get it through our thick skulls, that if you want to solve climate [change], it is not against climate [change] for America to boost more oil and gas?" Dimon reportedly said.
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