A swath of House Democrats wants bank CEOs to follow the lead of Goldman Sachs in pledging to stop funding new drilling and oil explorations in the Arctic.
Thirty-three House Democrats on Thursday sent a letter to five bank leaders asking that their companies back off spending on oil drilling in Alaska’s Arctic National Wildlife Refuge.
“You have an opportunity to be more expansive: to reject not just this specific oil drilling program but to prevent the financing of gas exploration, other drilling infrastructure, and to wind down the industry’s participation in the ongoing operations of existing oil and gas projects in the region,” said the letter, spearheaded by Rep. Jared Huffman, a California Democrat.
“Roads, pipelines, gravel mines, airstrips, and other facilities that would be developed to support exploration and development on the coastal plain would fragment habitat, displace wildlife, and undermine the wilderness character of the Refuge,” said the letter.
“Millions of gallons of freshwater needed to support drilling activities could be drained from fragile Arctic rivers. And oil spills, which already occur on the North Slope, would harm fish and wildlife.”
But that approach didn’t sit well with Rep. Don Young, an Alaska Republican.
“Frankly, it’s sad that House Democrats continue to not only get involved in the business of the Alaska Natives who actually live near ANWR’s coastal plain, but they’re now trying to further involve themselves in the economy too,” Young told the Washington Examiner in an email statement.
“Alaskans can be trusted to responsibly develop energy on our lands, and using scare tactics against private companies won’t change that fact.”
Senate Democrats made a similar demand of the financial institutions earlier this month, prompting criticism by Sen. Dan. Sullivan, another Alaska Republican.
“I’m going to be a little partisan here because it’s always coming from the Democrats [who] seem to always want to tell me and my state how to manage Alaska’s environment,” Sullivan said during a Feb. 6 committee hearing.
“And then, you take the train [up the East Coast corridor], and you’re like, ‘Holy crap! You’re telling me how to manage my environment? Look at this environmental wasteland.’”
ANWR has been in the middle of a political tug of war between Republicans and Democrats for 40 years, pitting energy development advocates against environmentalists.
The 19.6-million-acre Arctic refuge was the focus of a measure within the 2017 Tax Cuts and Jobs Act that authorized energy development on 2,000 federal acres of ANWR.
House Democrats now aim to reverse plans to drill oil in the Arctic and passed a bill largely along party lines last September banning oil exploration in ANWR. The bill, however, was not picked up by the Republican-led Senate.
Read more at Washington Examiner
The larger oil companies have bigger budgets than some nations. How long do you think it will be before they start their own investment banks? Or have they?
Cut off all petroluim products to the Democrats cut off their gasoline lets see how long they could last without it
“Thirty-three House Democrats on Thursday sent a letter to five bank leaders asking that their companies back off spending on oil drilling in Alaska’s Arctic National Wildlife Refuge.”
“Roads, pipelines, gravel mines, airstrips, and other facilities that would be developed to support exploration and development on the coastal plain would fragment habitat, displace wildlife, and undermine the wilderness character of the Refuge,” said the letter.
“Millions of gallons of freshwater needed to support drilling activities could be drained from fragile Arctic rivers. And oil spills, which already occur on the North Slope, would harm fish and wildlife.”
Democrats would rather spend trillions more taxpayer dollars on their GND scheme to replace fossil fuels without any regard to the disproportionally HUGE environmental impact their GND would have. Nor do they mention their intermittent GND energy alternative, regardless of scale, would never be adequate to meet 30% of current energy needs now or anytime in the future.
Talk about arrogance. It’s hard to imagine that these people do not realize we see them for the complete hypocrites they are.
These clowns never do the math. Warren wanted to spend $2 trillion over ten years to create 1 million jobs. That’s $2 million per job. How does that work? It surely indicates a padded budget ripe for abuse and skimming. So, 2019 was supposed to be a slow year with 2.1 million jobs created. What in heck is she going to be doing with the $2 trillion that actually decreases job creation? That’s government for you.
No problem, they can just go to the Chinese Banks.
Keith, this is exactly what I was planning to say. The Chinese have been financing fossil fuel develop in other nations on a large scale. Why not the US.
The Democrats are in the Pockets of the Eco-Feaks and Green Gestapo
This sort of thing is the reason I refer to them as the “Control Left”
The “Control” key on my laptop is the ‘lowest’ leftist’ on the keyboard.
Good evening Bots,
“A study by researchers at Brown University has found a quarter of posts about climate change on Twitter were written by bots.
Bots are computer programs that can masquerade as humans to post or send messages on social media.
Researchers discovered tweets posted by bots created the impression there was a high level of climate change denial.
The paper detailing the finds has not yet been published and was first reported by The Guardian newspaper.
The research team analysed 6.5 million tweets from the period surrounding President Donald Trump’s June 2017 announcement that he was removing the United States from the Paris climate accord.
The finding showed 25% of tweets on climate change were likely posted by bots. Most of those tweets centred on denials of global warming or rejections of climate science.”
Good evening, youknowwho. Teck Resources just pulled the plug on their investment in the Alberta oil sands. The result will be anarchy in a peaceful country, Canada. The last two weeks were mere upheaval. Are you happy now?
Americas worst enemy is the Democrat Controled House
lets harness Al Gore he is full of Hot Air