Rashida Tlaib Wants a Climate Bank Run – WSJ

The political left increasingly claims climate change is an imminent threat to global financial stability and demands regulators do something about it. Well, if we re talking about financial threats, how about the Democratic Congresswoman who called for a bank run to protest an institution s fossil-fuel investments?

We speak of Michigan Rep. Rashida Tlaib, who on Wednesday got into a verbal tussle with JPMorgan Chase CEO Jamie Dimon. Let s go to the videotape toward the end of a marathon six-hour financial-services committee hearing:

Ms. Tlaib: So I would like to ask all of you, go down the list, because again you all are agreed to doing this [supporting long-term net-zero carbon emissions targets], please answer with a simple yes or no, does your bank have a policy against funding new oil and gas products? Mr. Dimon?

Mr. Dimon: Absolutely not, and that would be the road to hell for America.

Ms. Tlaib: Yeah, that s fine. Sir, you know what, everybody that got relief from student loans [who] has a bank account with your bank should probably take out their account and close their account.

By this point, Ms. Tlaib and other Democrats on the committee appear to have been irritated with Mr. Dimon for telling uncomfortable truths. One was his observation that the world is discovering how insecure the global energy supply is, and that investment in natural gas will be the best, cleaner-burning alternative to coal for years to come.

via www.wsj.com

Heh.