In a letter to shareholders in April 2023, the CEO of JP Morgan, Jamie Dimon, said that seizing private citizens’ property under eminent domain — where government takes over private property for public use — may be the way to go to control climate change.
The reason for such a radical move, he said, is because time is short for achieving affordable, reliable, decarbonized energy growth and economic security. In other words, for him, climate change initiatives just aren’t happening quickly enough for the general public to maintain property ownership rights.
“We need to do more, and we need to do so immediately,” Dimon said. To do this, “governments, businesses and non-governmental organizations” need to consider invoking policies such as eminent domain because “we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”
Source: Original Article
Publish Date: 2023-09-18 21:02:03