Biden Treasury Nominee Says She Wants to ‘Bankrupt,’ ‘Starve’ the Oil and Gas Industry to Save the Climate

Saule Omarova — Biden’s nominee to lead the Office of the Comptroller of the Currency, who was born and educated in the Soviet Union says that she wants to starve the oil, gas, and coal industries to save the environment. That’s a crock of crap. If the United States shut down producing all three of those fossil fuels the world would continue to burn them and they do not have nearly the tight regulations that we have.

And if we do stop producing them, what will we use for power? Wind? Solar? Combined, Electric cars? What are they going to use to make the electricity?  They cannot supply 10% of our energy needs. This would crash the US economy. Manufacturing would be impossible and all of the high-paying oil and gas jobs will disappear. The trucking industry would be dead. China and India would flourish because they can pollute all they want and they could split the manufacturing jobs the Democrat’s policies kill.

Omarova already faces an uphill climb toward confirmation in lieu of a Marxist paper she wrote in college. Is she really someone who should be in charge of banking in the United States? She hates capitalism and admires the policies of the former Soviet Union.

Omarova said:

“Here what I’m thinking about is primarily the coal 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.”

It’s a safe bet that Joe Manchin will vote against her. If he doesn’t, he has zero chance of reelection if he votes for someone who wants to kill the coal industry.

From The Blaze

Biden nominee Saule Omarova saying the quiet part out loud. On the oil, coal and gas industries:

"We want them to go bankrupt if we want to tackle climate change." pic.twitter.com/luMR2HEMK9

— Biden Noms | American Accountability Foundation (@ameracctfnd) November 9, 2021

In another clip from May, the nominee went into more detail about her aims of financing green infrastructure projects by diverting investments away from the oil and gas industry.

“The way we basically get rid of those carbon financiers is we starve them of their sources of capital,” she said at a virtual roundtable on “investment and decarbonization,” again hosted by the Jain Family Institute.

With all 50 Republicans expected to oppose her nomination, the 55-year-old Cornell Law professor needed unanimous support from Democrats in the chamber. But Axios reported over the weekend that at least three Democrats — Sens. Jon Tester (D., Mont.), Kyrsten Sinema (D., Ariz.), and Joe Manchin (D., W.Va.) — have raised concerns over her nomination.

Steven Ahle