Biden admin admits goal is higher gas prices!? Jen Psaki: ‘The rise in gas prices over the long term makes an even stronger case for doubling down our investment & focus on clean energy options’
Fox News: Naming the coal, oil and gas industries, specifically, Omarova said “a lot” of the “small players” in those industries “are going to probably go bankrupt in short order,” adding: “At least we want them to go bankrupt if we want to tackle climate change, right?” …
Omarova: “For example for certain troubled industries and firms that are in transitioning,” she said. “Here, what I’m thinking about is primarily the coal industry and oil and gas industry. A lot of the smaller players in that industry are going to probably go bankrupt in short order, at least we want them to go bankrupt if we want to tackle climate change.” … She also said that in such a scenario, the National Investment Authority could take over the management of those companies, “basically leading them through restructuring to a new technological basis.” …
The Cornell University law professor, who has been nominated to lead the Office of the Comptroller of the Currency, first made the remarks during a February “Social Wealth Seminar” event hosted by the Jain Family Institute, a nonprofit research organization. …
AAF founder Tom Jones condemned Omarova’s comments in a statement to Fox News. “Calling to bankrupt the fossil fuel industry that drives nearly our entire economy is dangerously misinformed,” Jones said. “Yet the Biden administration is nominating zealots like Saule Omarova to serve in our government as they attempt to destroy American energy jobs and stifle innovation.”
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U.S. ‘Won’t Have Coal’ by 2030, John Kerry Predicts at UN climate summit in Glasgow
‘King Coal’ Roars Back! – U.S. Coal fired power increases 22% in 2021 as Natural Gas prices doubled – 1st increase in U.S. coal use since 2014
Video of Obama seeking to bankrupt coal industry in 2008:
Flashback 2008: President Barack Obama in interview with the San Francisco Chronicle editorial board: “If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” Obama said, responding to a question about his cap-and-trade plan. He later added, “Under my plan … electricity rates would necessarily skyrocket.”
