JPMorgan Chase CEO Jamie Dimon criticizes the Biden administration's decision to pause liquified natural gas (LNG) exports, citing the impact on power plants and industrial consumers.
by RAY LEWIS | The National Desk Jamie Dimon , Chairman and CEO , JPMorgan Chase & Co., speaks during a Senate Banking, Housing, and Urban Affairs Committee oversight hearing to examine Wall Street firms on Capitol Hill, Wednesday, Dec. 6, 2023 in Washington. and President Joe Biden delivers remarks on the Emergency National Security Supplemental Appropriations Act in the State Dining Room of the White House, Tuesday, Feb. 6, 2024, in Washington.
The strength of our domestic production of energy gives us a ‘power advantage’ – cheaper and more reliable energy, which creates economic and geopolitical advantages,” Dimon explained. “Nations around the world – wealthy and very climate-conscious nations like France, Germany and the Netherlands, as well as lower-income nations like Indonesia, the Philippines and Vietnam that could not afford the higher cost – started to turn back to their coal plants,” Dimon said. “This highlights the importance of safe, secure and affordable energy.”
Jpmorgan Chase CEO Jamie Dimon Biden Administration LNG Exports Power Plants Industrial Consumers
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
JPMorgan Chase CEO slams Biden admin's pause on liquified natural gas exports: 'Naïve'The White House halted the exports to appease opponents of gas and oil consumption, according to Dimon, who issued his critiques in a letter to shareholders.
Read more »
CEO de JPMorgan Chase prevé crecimiento de economía de EEUU este añoEl banquero más influyente de Estados Unidos, el director general de JPMorgan Chase, Jamie Dimon, dijo a los inversores el lunes que sigue esperando que la economía estadounidense sea resiliente y crezca este año.
Read more »
JPMorgan Chase CEO Jamie Dimon Expects Resilient U.S. EconomyJamie Dimon, CEO of JPMorgan Chase, reassures investors about the resilience and growth of the U.S. economy, while expressing concerns about geopolitical events and political polarization.
Read more »
JPMorgan Chase CEO Dimon Expresses Concerns Over Geopolitical RisksJamie Dimon, CEO of JPMorgan Chase, expresses concerns over geopolitical risks including the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, and warns that they could potentially surpass the risks seen since World War II.
Read more »
JPMorgan Chase CEO Jamie Dimon Expresses Concerns Over Geopolitical RisksJPMorgan Chase CEO Jamie Dimon expresses concerns over geopolitical events such as the war in Ukraine and the Israel-Hamas war, as well as U.S. political polarization, and their potential impact on the economy.
Read more »