Government Should Seize Property to Build Wind and Solar Farms: JP Morgan Chief

JPMorgan Chase & Co President and CEO Jamie Dimon testifies during a U.S. House Financial Services Committee hearing titled “Holding Megabanks Accountable: Oversight of America’s Largest Consumer Facing Banks” on Capitol Hill in Washington on Sept. 21, 2022. Elizabeth Frantz/Reuters

JP Morgan Chase & Co. CEO claimed that governments may need to seize private property for the creation of more green and conventional energy production sites, according to a letter to shareholders published this week.

JP Morgan CEO and former head of the Federal Reserve Bank of New York Jamie Dimon wrote an extensive letter to shareholders of America’s largest bank, accompanying the bank’s annual report for 2022.