5.9k Share this

JPMorgan Chase & Co. JPM, +2.13% Chief Executive Jamie Dimon is urging the U.S. government to create a “Marshall Plan” to aggressively improve domestic energy production, particularly natural gas, according to a new report.

Axios reported Tuesday that Dimon told President Joe Biden during a White House business roundtable Monday that the U.S. and Europe need to do more to achieve energy independence, especially in light of the Russian invasion of Ukraine.

Dimon reportedly called for more liquid natural gas facilities to be built in Europe, less reliance on Russian energy imports and investing in new energy technology, such as hydrogen.

Others in the meeting included the CEOs of Exxon Mobil Corp. XOM, -0.44%, ConocoPhillips COP, -0.96% and Marathon Petroleum Corp. MPC, -0.91%, according to Axios.

Earlier this month, Biden called for oil companies to increase production as the U.S. banned Russian oil imports. At the time, Biden said the U.S. was working with its European allies to reduce their dependence on Russian energy.

Source: This post first appeared on http://marketwatch.com/

5.9k Share this
You May Also Like

Ratings For Early Round NBA And NHL Playoffs Are Up This Year

BOSTON, MASSACHUSETTS – MAY 03: Jayson Tatum #0 of the Boston Celtics…

New Chainalysis tool tracks stolen crypto across multiple chains

Blockchain analytics firm Chainalysis has released a new tool to track transactions…

Neobanks Are Plentiful But Rarely Profitable

Revolut card in front of Android Revolut mobile app. UK-based Revolut has…

How “Drive-Thru” Business Hurts Your Bottom Line

Opinions expressed by Entrepreneur contributors are their own. There’s a huge difference between…

Why Would Russia Fire A ‘Syrian’ S-300 Missile At Israeli Jets?

If the recent report that an advanced Syrian S-300 air defense missile…

More Borrowers Missing Payments; Now You Can Pay With Your Smile

More Subprime Borrowers Are Missing Loan Payments Consumers with low credit scores…

A Non-Alcoholic Baijiu Enters The Fray

Baijiu is the world’s most consumed spirit. Now, a non-alcoholic iteration plans…

Tesla Is Being Booted From The ESG Index

Getty Images Key Takeaways Tesla was removed from the S&P 500 ESG…