'You are greenwashing your own track record and duping the American people into believing that you are helping address climate change,' Representative Rashida Tlaib told bank executives during a House hearing.
Michigan Representative Rashida Tlaib said that bank executives were"greenwashing" their role in funding climate change on Wednesday.
"But for the sake of this hearing, I'll say that you are greenwashing your own track record and duping the American people into believing that you are helping address climate change. On the record, will any of your banks make a commitment to phase out your investments in fossil fuels and dirty energy?"
Michael Corbat, the CEO of Citigroup, responded by saying his company had funded $150 billion in clean energy projects"in recent history." Dimon said JPMorgan Chase would have green facilities in 2020 and that his company devoted about $200 billion to similar projects each year. Maloney cited an annual review from JPMorgan Chase CEO Jamie Dimon, which came out last week, and his remarks about responsible banking.
"I look at the gun policy and I think that there's a lot of Americans who you serve would really disagree with that policy," Duffy said. North Carolina Republican Patrick McHenry, the ranking Republican on the committee, countered Waters' tone, depicting the hearing as a farce. Highlighting economic growth and the strength of labor market, he said the hearing was only being held because of the banks' size.
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