If you don’t fall in line with the climate change agenda you might lose your private property. That’s the message from the CEO of JPMorgan Chase.
In his annual letter to shareholders, Jamie Dimon has suggested that in order to effectively combat climate change, the US Government and other climate-conscious companies may need to use “eminent domain” to acquire citizens’ private property.
Eminent domain is a legal term that involves the government taking over privately owned land or property for public use, after providing compensation to its rightful owners. Dimon noted that governments, businesses, and non-governmental organizations should take immediate action in order to prevent further damage from global warming pointing out that prolonged conflicts such as the war in Ukraine would only intensify the energy crisis.
The CEO justified this potential government and corporate seizure of public property, saying that “we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”
