The Chief Executive of JP Morgan has suggested that Governments should seize private land to build wind and solar farms in order to meet Net Zero targets. The Telegraph has the story.
Jamie Dimon, the longstanding boss of the Wall Street titan who donates to the Democratic Party, said green energy projects must be fast-tracked as the window for averting the most costly impacts of global climate change is closing.
In his annual shareholder letter, Mr. Dimon said: “Permitting reforms are desperately needed to allow investment to be done in any kind of timely way.
“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.”
Eminent domain is when a government or state agency carries out a compulsory purchase of private property for public use and compensates the asset holder.
The proposal is unusual, especially coming from the longest-serving chief executive of a Wall Street bank, and could stir controversy as states in the U.S. seek to crackdown on seizure orders.
In Iowa, state legislators on Monday passed a bill that aims to protect private property owners from eminent domain use by carbon pipeline companies.
Mr. Dimon said the war in Ukraine was redefining the way countries and companies plan for energy security.
He added: “The need to provide energy affordably and reliably for today, as well as make the necessary investments to decarbonise for tomorrow, underscores the inextricable links between economic growth, energy security and climate change. We need to do more, and we need to do so immediately.
“To expedite progress, governments, businesses and non-governmental organisations need to align across a series of practical policy changes that comprehensively address fundamental issues that are holding us back.
“Massive global investment in clean energy technologies must be done and must continue to grow year-over-year.”
Worth reading in full.
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you really need to get off your Grauniad addiction
Yes, the GroanAid certainly seems to be a source for much of TY’s thinking.
Put me in the 22% group
If I wanted to read the Guardian, I would
“But there is a further step the would-be totalitarian rulers can take to increase the chance of a totalitarian psychosis, and this is to isolate the victims and to disrupt normal social interactions. When alone and lacking normal interactions with friends, family and coworkers, an individual becomes far more susceptible to delusions for several reasons: Firstly, they lose contact with the corrective force of the positive example. For not everyone is tricked by the machinations of the ruling elite and the individuals who see through the propaganda, can help free others from the menticidal assault. ”
https://www.youtube.com/watch?v=09maaUaRT4M&t=13s
In a small close of just 8 houses, two marriages have fallen apart this year. One couple split up around Christmas, and the other about six weeks ago. They might have happened anyway, but it’s possible that lockdowns exacerbated already poor relationships.
I think my marriage will come to an end if I keep banging on about the dystopian future we’re being plunged into. She’s far to optimistic for her own good, thankfully.
As weird and desperate as this sounds, when my suspicions of my spouse became high, i had to contact a techie to help me gain access into my spouse’s phone just to get me off my suspicions of her cheating, to cut long story short, the techie successfully gained access into my spouse’s phone and the information i got gave me peace of mind. Feel free to text the techie if you’re found in the same situation
(252) 254-1656