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Dimon Calls Push to Stop All Oil, Gas Projects Enormously Naïve

Jamie Dimon said US delays of liquefied natural gas projects were done for political reasons to pacify those who believe oil and gas projects should simply be stopped — a position he calls “wrong” and “enormously naïve.”

The head of JPMorgan Chase & Co. made the comments Monday in his annual shareholder letterBloomberg Terminal, in which he touted replacing coal with natural gas as one of the best ways to reduce carbon dioxide emissions for the next few decades. Dimon also called LNG exports a “great economic boon” for the US as well as a “realpolitik goal.”

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