Wednesday, November 29, 2023
HomeBankJP Morgan Will ‘Punch Back’ on Texas’ Efforts to Limit Its Business

JP Morgan Will ‘Punch Back’ on Texas’ Efforts to Limit Its Business


00:00:00.000 —> 00:00:02.270 We financed more oil and gas companies in the world than 00:00:02.270 —> 00:00:04.103 just about anybody else, which I’m proud of. 00:00:04.103 —> 00:00:06.290 The best companies, the cleanest companies, 00:00:06.290 —> 00:00:07.760 they’re reducing the oil and gas. 00:00:07.760 —> 00:00:08.760 They’re reducing the methane. 00:00:08.760 —> 00:00:10.820 They will be the biggest part of the transition, 00:00:10.820 —> 00:00:12.280 whether you think that or not. 00:00:12.280 —> 00:00:14.558 You know, and so we look at facts and detailed analysis. 00:00:14.558 —> 00:00:16.850 And yes, we’re also one of the biggest green financiers 00:00:16.850 —> 00:00:22.200 in the world — solar, wind, all the R&D taking place. 00:00:22.200 —> 00:00:23.640 And so we just do our jobs. 00:00:23.640 —> 00:00:25.967 And that’s, that — I don’t think will happen. 00:00:25.967 —> 00:00:27.300 But if it does happen, so be it. 00:00:27.300 —> 00:00:29.020 We can’t do municipal bonds in Texas. 00:00:29.020 —> 00:00:32.030 There will be consequences to Texas because we bank 00:00:32.030 —> 00:00:36.500 their cities, schools, states, hospitals, companies — 00:00:36.500 —> 00:00:38.310 30,000 employees. 00:00:38.310 —> 00:00:40.840 And this time I would punch back.

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