{"id":252318,"date":"2023-04-11T12:49:49","date_gmt":"2023-04-11T10:49:49","guid":{"rendered":"https:\/\/climatescience.press\/?p=252318"},"modified":"2023-04-11T12:49:56","modified_gmt":"2023-04-11T10:49:56","slug":"jp-morgan-ceo-calls-on-governments-to-seize-land-for-wind-and-solar","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=252318","title":{"rendered":"JP Morgan CEO calls on governments to seize land for wind and solar"},"content":{"rendered":"\n
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From\u00a0CFACT<\/a><\/p>\n\n\n\n

By\u00a0Bonner Cohen, Ph. D.<\/a>\u00a0<\/p>\n\n\n

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Jamie Dimon, CEO of Wall Street investment behemoth JP Morgan, is calling on governments to use the power of eminent domain to seize private property for wind and solar farms, as a means to reach the goal of net-zero emissions.<\/p>\n\n\n\n

In his most recent annual letter to shareholders, Dimon addressed what he sees as the threat posed by climate change, revealing the extent he is willing to go to have his agenda carried out. Noting the time it takes to obtain permits for renewable energy projects, Dimon said, \u201cPermitting reforms are desperately needed to allow investment to be done in any kind of timely way.\u201d<\/p>\n\n\n\n

Going far beyond what even the Biden administration has been willing to do \u2013 so far, Dimon stated, \u201cWe may even need to invoke eminent domain \u2013 we are simply not getting the added investments fast enough for grid, solar, wind, and pipeline investments.\u201d<\/p>\n\n\n\n

\u201cThe need to provide energy affordability and reliability for today, as well as for the needed investments to decarbonize for tomorrow, underscores the inextricable lengths between.<\/p>\n\n\n\n

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Open Season on Landowners<\/strong><\/p>\n\n\n\n

Enlisting such a powerful legal tool in the service of an industry sector favored by the ruling class has, to date, been \u201ca bridge too far\u201d even for the powerful climate cartel. No more. Dimon has now declared open season on rural landowners. There is nothing to keep governments (federal, state, or local) \u2013 egged on by green groups \u2014 from seizing on the idea and targeting rural landowners who will be forced to disgorge their property in the name of combatting climate change.<\/p>\n\n\n\n

Dimon claims he wants energy that is \u201caffordable and reliable.\u201d But wind and soar power are \u201caffordable\u201d only because they are heavily subsidized by taxpayers. And neither wind nor solar is the least bit reliable, because they are completely dependent on weather and thus operate with breathtaking inefficiency. Without the government subsidies and renewable-energy mandates in many states, there would be no solar arrays or wind farms anywhere in the U.S..<\/p>\n\n\n\n

Under Dimon\u2019s scheme, land that would otherwise be producing food will instead be hosting wind turbines and solar panels. The JP Morgan CEO may have noticed, as his colleagues at Goldman Sachs have already acknowledged, that wind and solar power have failed to fill the gap from the shuttered coal-fired power plants \u2013 soon to be followed by shuttered natural-gas plants. Rather than admit the errors of his ways, Dimon wants to blanket the country with eyesores, and trample on property owners in the process.<\/p>\n\n\n\n

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