JPMorgan CEO Jamie Dimon spoke to wealthy clients on a call Tuesday, Yahoo Finance reported.
The call touched on various topics, including climate change and the odds of a recession.
He said US natural gas production does not conflict with the reduction of greenhouse gas emissions.
JPMorgan CEO Jamie Dimon said this week that US natural gas production does not conflict with long-term emission reduction targets, Yahoo Finance first reported.
“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,” Dimon said on a client call Tuesday, per the Saturday report.
“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?” he continued.
JPMorgan Chase was ranked as the world’s top “fossil fuel financier” in a report published by environmental groups last year, who said the bank contributed a total of $317 billion to the industry between 2016 and 2020.