{"id":1698078,"date":"2022-10-17T10:47:54","date_gmt":"2022-10-17T14:47:54","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1698078"},"modified":"2022-10-17T10:47:59","modified_gmt":"2022-10-17T14:47:59","slug":"top-wall-street-ceo-slams-biden-for-going-hat-in-hand-to-saudi-arabia-for-oil-admits-investors-dont-give-a-s-about-wokeness","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/top-wall-street-ceo-slams-biden-for-going-hat-in-hand-to-saudi-arabia-for-oil-admits-investors-dont-give-a-s-about-wokeness\/","title":{"rendered":"Top Wall Street CEO Slams Biden For Going \u2018Hat In Hand\u2019 To Saudi Arabia For Oil, Admits Investors \u2018Don\u2019t Give A S***\u2019 About Wokeness"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">48<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Ftop-wall-street-ceo-slams-biden-for-going-hat-in-hand-to-saudi-arabia-for-oil-admits-investors-dont-give-a-s-about-wokeness%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1698078&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><p><a href=\"https:\/\/www.dailywire.com\/topic\/jp-morgan\" target=\"_blank\" rel=\"noopener\">JPMorgan Chase<\/a> CEO <a href=\"https:\/\/www.dailywire.com\/topic\/jamie-dimon\" target=\"_blank\" rel=\"noopener\">Jamie Dimon<\/a> said last week that many investors do not care about environmental, social, and governance investing, also known as <a href=\"http:\/\/dailywire.com\/topic\/esg\" target=\"_blank\" rel=\"noopener\">ESG<\/a>, despite his own bank\u2019s significant efforts to advance the movement.<\/p>\n<p>During an investor seminar in Washington that was closed to the press, Dimon made several provocative comments about present geopolitical realities and the present leadership of the United States, as <a href=\"https:\/\/nypost.com\/2022\/10\/14\/jamie-dimon-some-investors-dont-give-a-s-t-about-esg\/\" target=\"_blank\" rel=\"noopener\">confirmed<\/a> by The New York Post. Among other assertions, he said that \u201cinvestors don\u2019t give a s***\u201d about ESG and warned that corporate governance should not be \u201cceded\u201d to \u201cdo-gooder kids on a committee.\u201d<\/p>\n<p>Companies that subscribe to the ESG movement might set quotas for racial diversity among executives, establish climate objectives, or otherwise blend leftist social movements with profitability. An <a href=\"https:\/\/www.dailywire.com\/news\/behind-the-scenes-most-executives-actually-hate-woke-investing-survey\" target=\"_blank\" rel=\"noopener\">exclusive poll<\/a> from The Daily Wire showed that American investors would prefer that companies commit solely to the pursuit of profits, with 58% of respondents agreeing that companies leveraging their power for political or social ends is a \u201cbad thing.\u201d<\/p>\n<p>JPMorgan Chase, however, has devoted more than $2.5 trillion over the course of the next decade to \u201cadvance long-term solutions that address climate change and contribute to sustainable development\u201d in accordance with meeting worldwide emissions goals by 2050, according to its <a href=\"https:\/\/www.jpmorganchase.com\/news-stories\/a-more-sustainable-future\" target=\"_blank\" rel=\"noopener\">website<\/a>, where Dimon is quoted as saying, \u201cclimate change and inequality are two of the critical issues of our time.\u201d<\/p>\n<p>Dimon, considered one of the most influential executives on Wall Street, appears to have changed his tune in recent months. He said at the seminar that the \u201cPresident of the United States needs to stand up and say we may not meet our 2050 climate objectives because this is a f***ing war,\u201d adding that officials must recognize it is \u201ctime to stop going hat in hand to Venezuela and Saudi and start pumping more oil and gas in the USA.\u201d<\/p>\n<p>When President Joe Biden visited Saudi Arabia three months ago, many had <a href=\"https:\/\/www.dailywire.com\/news\/adam-schiff-rips-biden-for-fist-bumping-saudi-crown-prince\" target=\"_blank\" rel=\"noopener\">speculated<\/a> that encouraging higher energy output in response to elevated gas prices in the United States was a primary factor. That suspicion appeared to be validated after the Saudi government <a href=\"https:\/\/www.dailywire.com\/news\/bidens-threat-after-saudis-nix-midterm-friendly-oil-plan-looks-like-quid-pro-quo-says-shapiro\" target=\"_blank\" rel=\"noopener\">released a statement<\/a> last week revealing the commander-in-chief\u2019s request to delay the production cut until after the midterm elections. Earlier this month, Biden reportedly began preparing to <a href=\"https:\/\/www.dailywire.com\/news\/biden-to-ease-sanctions-on-socialist-venezuela-releases-maduros-convicted-narco-trafficker-nephews\" target=\"_blank\" rel=\"noopener\">ease sanctions<\/a> on Venezuela so that Chevron, an American oil company, could resume production in the socialist nation.<\/p>\n<p>The Biden administration has meanwhile garnered criticism for <a href=\"https:\/\/www.dailywire.com\/news\/keystone-pipeline-dead-killed-by-biden-thousands-of-jobs-lost\" target=\"_blank\" rel=\"noopener\">nixing<\/a> expansions to the Keystone XL pipeline and <a href=\"https:\/\/www.dailywire.com\/news\/biden-administration-severely-cuts-back-on-oil-and-gas-leases\" target=\"_blank\" rel=\"noopener\">slowing<\/a> federal oil leases to a crawl. During a recent <a href=\"https:\/\/www.dailywire.com\/news\/you-cant-do-it-overnight-billionaire-warns-of-danger-from-going-green-too-rapidly\" target=\"_blank\" rel=\"noopener\">interview<\/a> with CNBC, Dimon remarked that despite climate hawks\u2019 desire to reduce output in the interest of lower emissions, developing nations such as India, China, and the Philippines revert to coal power when oil and natural gas prices begin to rise, resulting in more emissions.<\/p>\n<p>\u201cI think we\u2019re getting energy completely wrong, which is, you know, ever since this war started, you know that Europe is going to have a problem,\u201d he explained. \u201cAnd that it was pretty predictable that Putin was going to cut off some gas and some oil, and oil prices would go up.\u201d<\/p>\n<p>The national average price for gasoline is presently $3.89 per gallon, according to <a href=\"https:\/\/gasprices.aaa.com\/\" target=\"_blank\" rel=\"noopener\">data<\/a> from AAA, marking a nearly 63% increase since Biden assumed office at the beginning of last year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>JPMorgan Chase CEO Jamie Dimon said last week that many investors do not care about environmental, social, and governance investing, also known as ESG, despite his own bank\u2019s significant efforts to advance the movement. During an investor seminar in Washington that was closed to the press, Dimon made several provocative comments about present geopolitical realities &#8230;<\/p>\n","protected":false},"author":1,"featured_media":1890379,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[541],"tags":[],"class_list":["post-1698078","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-daily-wire"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1698078","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1698078"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1698078\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1890379"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1698078"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1698078"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1698078"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}