JPMorgan CEO Jamie Dimon this morning said permitting reforms are “desperately needed” to enable investments in climate-friendly energy sources as well as energy security, Ben writes.
Why it matters: The annual letter to shareholders from the head of the largest U.S. bank arrives as permit overhaul efforts in Congress are intense — but face huge political hurdles.
What they’re saying: Reforms are needed to “allow investment to be done in any kind of timely way,” Dimon writes in the closely watched annual letter.
“We may even need to evoke eminent domain — we simply are not getting the adequate investments fast enough for grid, solar, wind and pipeline initiatives.”
The big picture: Any bills with a plausible chance of passage in the divided Congress would need to speed fossil fuel and renewables projects alike. It’s far from clear if there’s a viable coalition.
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