As disturbing as this information may seem, I cannot help but wonder if JP Morgan boss, Jamie Dimon’s extreme Orwellian stance about seizing private property to make way industrial wind and solar installations may possibly be spurred by the fact that many more people are awakening to the truth of the lies of the heavily subsidised not clean nor green, intermittent and unreliable wind and solar “farm” scam.
I thank Bernie for posting this tweet:
I am reposting The Telegraph’s article in full below.
Mr Dimon said the window for averting the most costly impacts of global climate change is closing CREDIT: Marco Bello/Bloomberg
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.
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.
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.”
In the UK, reforms to Solvency 2 rules are expected to unleash a wave of investment in renewable energy projects after insurers and pension funds complained that EU-era regulations obstructed their ability to invest in infrastructure.
Mr Dimon’s comments also come as tensions between investors grow about how to tackle climate change.
In December, Vanguard, the world’s second largest asset manager, pulled out of Mark Carney’s global climate change alliance, saying the group’s full-blooded commitment to tackling climate change resulted “in confusion about the views of individual investment firms”.
Mr Dimon said: “Polarisation, paralysis and basic lack of analysis cannot keep us from addressing one of the most complex challenges of our time. Diverse stakeholders need to come together, seeking the best answers through engagement around our common interest.
“Bolstering growth must go hand in hand with both securing an energy future and meeting science-based climate targets for future generations.”
He said the collapse of SVB and the government-engineered takeover of Credit Suisse by its biggest rival risked undermining confidence in the sector.
He added: “Ironically, banks were incented to own very safe government securities because they were considered highly liquid by regulators and carried very low capital requirements.”
Mr Dimon also warned regulators against tightening rules for lenders following the recent market turmoil.
He said: “It is extremely important that we avoid knee-jerk, whack-a-mole or politically motivated responses that often result in achieving the opposite of what people intended.
“Now is the time to deeply think through and coordinate complex regulations to accomplish the goals we want, eliminating costly inefficiencies and contradictory policies.
“Very often, rules are put in place in one part of the framework without appreciating their consequences in combination with other regulations.”
The threat of “eminent domain” in the U.S. is eerily similar to Bute Energy’s threats of compulsory purchase of farmland in rural Radnorshire and Carmarthenshire in Wales where they seek to desecrate and destroy landscapes to construct some 20 “energy parks” along with 60+ miles of L-7 steel lattice pylons from the Radnor Forest to south Carmarthenshire.
Having said the foregoing it appears that an alternative to Bute Energy’s dastardly pylon plan to supplement their designs to carpet beautiful rural Wales with some 20 “energy parks” and wind “farms” is also floating around.
The Country Land and Business Association (CLA) first published the following in early February 2023.
This article is important because everyone here in rural Radnorshire and Carmarthenshire had been informed by Bute Energy’s Green GEN Cymru that their Green GEN Towy Usk plans for the 60+ miles of pylons would run from the Radnor Forest to a substation in south Carmarthenshire near Abraham, whom Bute Energy’s lead director had told me at the recent Public Consultations, does not currently exist.
A proposed new 90-mile power line in Wales is creating controversy and raising questions from potentially impacted landowners. We're monitoring the proposal and advising members according to their circumstances.
Written by Robert Dangerfield. First published on February 2nd, 2023, and most recently revised on March 2nd, 2023.
Bute Energy advise us that the new power line with 132kV pylons will look like this.
Landowners who may be affected by a proposed new 90-mile power-line from the Midlands to Carmarthenshire, have received letters asking permission for survey-visits to be carried out. CLA Cymru Surveyor, Charles de Winton says, “We’re receiving calls asking for further information about the proposal and requesting advice about how to proceed.”
“Those who have received a letter from Bute Energy’s agent, Bruton-Knowles, will have been identified because their land is formally registered. In some places the agent will have to undertake some detective-work where land-ownership is unclear.”
“Landowners are understandably asking what they’re signing-up to if they sanction the surveyors’ visit and accept a fee. As things stand the developers have no compulsory-purchase powers, landowners should ensure that the transaction is limited to a non-invasive survey without further commitment.”
“The exact route of the proposed project is unknown,” Charles says, (updated 2nd March 2023) "We do know the route takes the line from the proposed Nant Mithil Energy Park in the Radnor Forest, to a point near Pont Abraham in Carmarthenshire. However we expect to hear more about it's route towards the English Midlands. It’s likely to take the form of a 132 kV (kiloVolt) line. These tend to use steel lattice pylons around 28m tall in spans of about 300m, with a line-clearance of over 10m, however there are alternatives such as using wooden poles and undergrounding in certain areas.”
“The developer is carrying out surveying and research work ahead of a likely public inquiry by Planning & Environment Decisions Wales. This will include geological and ecological assessments and a certain amount of route-planning, taking into consideration factors and features which come to light as a result of the survey work and need to be considered along the way.”
“The line is controversial of course. Its potential benefits are that it represents much-needed improvement and update to energy grid capacity – notably for renewables and also for the predicted demand for an electric vehicle charging infrastructure. The Welsh Government is currently consulting on upping its 70 per cent by 2030 renewable energy targets - to 100 by 2035. This consultation also includes some proposed powers to help bring that about. We will be responding to that process (which ends on 28 April) and we welcome your views.”
“Government must listen to those who are impacted by their proposals. Landowners are understandably concerned about the impact of the line – from aesthetic and/or invasion of privacy to disruption, engineering activity and even compulsory purchase. Equally, Government must make it easy and economical for rural, private renewables generators – and energy-users – to tap-into the end-product.”
“In the CLA our role is to listen to ensure our members’ view are taken to government – and action is taken to secure the best outcome for our members”
“We will continue to monitor developments and offer our advice to members according to their circumstances and personal and business needs.”
For more information about Bute Energy’s proposed Nant Mithil Energy Park atop the ancient domed hills of the Radnor Forest and it’s relationship to notorious Hendy Wind Farm, please read this:
