Jamie Dimon used a highly anticipated letter published Tuesday to discuss the risk of banking contagion and “threatening clouds” hanging over the U.S. economy. But against the background of immediate economic dangers, Dimon spared some space to urge the U.S. to do more to meet the climate crisis, and took sides in one particular political debate to make his point.
The JPMorgan Chase CEO’s annual letter to shareholders is a closely watched affair for its insights into the economy and what is happening in the upper levels of America’s largest bank. In past letters, Dimon has not shied away from calling for a new bipartisan “Marshall Plan for America” to efficiently refocus spending on issues including high healthcare costs, student debt, and decaying infrastructure. He took the opportunity to do so again in his most recent letter, this time addressing attempts in Congress to overhaul requirements for clean energy technologies—efforts that have so far run into multiple political stumbling blocks.
