JPMorgan Chase CEO Jamie Dimon is now saying that governments should steal private property to build useless wind, solar, and other green energy projects.
Before we go on with this outrage, there is no doubt that solar and wind farms simply have no capacity to replace coal and nuclear energy. Currently, there is no green energy technology that is scalable enough to replace fossil fuels or nuclear to give us the current energy we need.
The science is simply not able to replace real energy producers.
Yet, these leftist corporations continue to push fake green energy. And now the chief of one of the world’s biggest banks is suggesting that government should steal people’s private property to build these useless project — which are only payoffs to their friends.
Per Daily Caller:
JPMorgan Chase CEO Jamie Dimon said in his annual shareholder letter Tuesday that the government may need to seize private property to advance clean energy initiatives.
Dimon discussed the need to quickly begin investing in solar projects and other green initiatives and suggested that the government should use eminent domain to seize property for those projects.
“At the same time, permitting reforms are desperately needed to allow investment to be done in any kind of timely way. We may even need to evoke [sic] eminent domain – we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives,” Dimon wrote.
Eminent domain allows the government to forcibly seize private property for public use as long as the owner is compensated.
“Massive global investment in clean energy in technologies must be done and must continue to grow year-over-year,” Dimon continued. “To expedite progress, governments, businesses and non-governmental organizations need to align across a series of practical policy changes that comprehensively address fundamental issues that are holding us back.”
All this “investment” is a waste of money.
Green energy is great in small applications. It can run your house or supplement the power for a small building. It can run a car or outdoor appliances. But no green energy around can power even a small city, much less a state or nation.
Not without massive outputs of money that far exceeds to costs of fossil fuels.