misinformed the public". Dimon dismissed press accounts of possible losses in Iksil's book as a "tempest in a teapot" on April 13, 2012 when he knew that Iksil had already lost $1 billion, which led Levin to say "None of those statements made on April 13 to the public, to investors, to analysts were true," and "The bank also neglected to disclose on that day that the portfolio had massive positions that were hard to exit, that they were violating in massive numbers key risk limits." Dimon corrected that wrong information a month later, in May 2012, before the true damage was revealed, after US Securities and Exchange financial watchdog started reviewing the losses. Climate change From 2015, which is when the Paris Agreement was adopted, until 2021, JP Morgan Chase provided $317 billion in fossil fuel financing; 33% more than any other bank. The company's managing director, Greg Determann, said "Mr. Dimon is quite focused on the industry. It's a huge business for us and that's going to be the case for decades to come." This was reiterated by Dimon himself, in a House Oversight Committee hearing in September 2022, where Democratic representative for Michigan, Rashida Tlaib, asked him whether his "bank has a policy against funding new oil and gas products", to which Dimon replied, "absolutely not, and that would be the road to hell for America." On October 21, 2021, JP Morgan Chase joined the Net-Zero Banking Alliance, which supports "the global transition of the real economy to net-zero emissions." Hong Kong Dimon sent JPMorgan Chase COO Daniel Pinto to the November 2022 Global Financial Leaders' Investment Summit. The attendance of US financial executives drew heavy criticism from US lawmakers; Representative Chris Smith said that companies "that trumpet their so-called 'Environmental, Social and Governance Principles' at home are quick to discard these 'values' for a chance to make a profit from China." Representative Blaine Luetkemeyer said of Lee that "American executives attending an event with the CCP's so-called enforcer makes a person question whether human rights are a real concern." Representative Lance Gooden said "The hypocrisy is staggering and every financial institution enabling China's atrocities should be ashamed." On 27 October 2022, two more US lawmakers urged the US financial executives to cancel their attendance to the Summit, with Senator Jeff Merkley and Representative Jim McGovern of the Congressional-Executive Commission on China saying "Their presence only serves