Biden’s Treasury Secretary Attacks Fossil Fuel Funding by Banks
How can anyone say, with a straight face, that Biden has been “better for fossil fuel companies” than Trump? Some very short-sighted individuals say we should look at the price of oil and gas, and the stock price of oil and gas companies, and pronounce that Biden has actually been better for our industry than four years of Donald Trump. Yet Biden’s own Treasury Secretary, Janet Yellen, is warning Big Banks to quit funding fossil fuel companies…or else. She is threatening them! This isn’t Stalin’s Soviet Union!! It’s the land of the free and the home of the brave. Or at least it used to be.
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A few weeks ago MDN brought you the news that three far-left Democrat judges on the U.S. Court of Appeals for the D.C. Circuit overturned a Federal Energy Regulatory Commission (FERC) approval for a long-completed and flowing natural gas pipeline in the St. Louis, MO area–a pipeline that flows Marcellus/Utica gas to residents, businesses, and electric generating plants throughout the region (see
Earlier this month MDN told you that the Federal Energy Regulatory Commission (FERC), under the direction of Chairman Richard “Dick” Glick, had hit the pause button on finishing up final approvals so the agency can take the next six months to complete full environmental impact statements (EIS’s), gauging whether or not five pipeline projects will cause too much mythical, man-made global warming (see
Politicians derive their power from touching *your* money. They love to take money out of one of your pockets, handle it (siphon some of it off for themselves and their favorite cronies), and then put some (not all) of it back into another of your pockets–all while telling you that you should enjoy the violation you’ve just received. This is the elaborate hoax Pennsylvania Gov. Tom Wolf and those who want to slap an insane, regressive carbon tax on all Pennsylvanians are attempting with the Regional Greenhouse Gas Initiative (RGGI)–a carbon tax aimed at eliminating coal-fired power plants and vastly reducing the number of Marcellus-fired power plants.
We find it kind of amusing that anti-fossil fuelers dead set against a plan by Kinder Morgan to build a new compressor station in Passaic County, NJ, and dead set against upgrading an existing compressor station in neighboring Sussex County, NJ, were all worked up to attend a Sussex County Board of Commissioners meeting where a Tennessee Gas Pipeline representative was supposed to make a presentation, but the rep didn’t show. He had (ahem) “car trouble” and couldn’t make the meeting in person. Antis were all dressed up with nowhere to go.
Three far-left Democrat judges on the U.S. Court of Appeals for the D.C. Circuit have attacked the Marcellus/Utica by overturning a Federal Energy Regulatory Commission (FERC) approval for a long-completed and flowing natural gas pipeline in the St. Louis, MO area–a pipeline that flows M-U gas to residents, businesses, and electric generating plants in the region. The Spire STL pipeline now faces closure. It is a
In March we told you about House of Representatives (HR) Bill 1512, the Climate Leadership and Environmental Action for our Nation’s Future Act (or CLEAN Future Act). The bill gives vast powers to the unelected bureaucrats at the EPA to set new regulatory demands before permits can be approved for facilities that produce plastics or the raw materials used to produce plastics, such as ethylene or propylene (see
A small group of extremist left-wing Democrats in Pittsburgh are demanding Allegheny County Executive Rich Fitzgerald, himself a Democrat and long-time supporter of the Marcellus Shale industry, turn against shale. Last week around 30 fossil fuel haters delivered a petition signed by 300 fellow haters to Fitzgerald’s office. He didn’t cave to the pressure, so the haters became more aggressive, going to Fitzgerald’s house yesterday in their attempts to bully him into submission. The cops told them to clear out or get arrested.
As we told you in April, President Biden launched a new program to be funded with $109.5 million aimed at figuring out how to convince fossil fuel workers to be happy taking a huge pay cut and installing solar panels and windmills instead of making far more money in a far more meaningful job working in fossil fuels (see
On Joe Biden’s first day occupying the White House, he signed an Executive Order (EO) suspending new oil and gas leasing on all federal while the Interior Department reviews existing leases and permitting practices for 60 days (see
Technically this post is not about the Marcellus/Utica, but it’s such great news we just have to share it. On Monday, Texas Gov. Greg Abbott signed a new bill into law that bans state investments in banks, investors, and other companies that have cut ties with the oil and gas industry. Texas is divesting from the diverstors. Love it! It’s about time we fight back and fight back hard against the left.
What would happen if there were a Green New Genie who could wave a magic wand and replace all oil and gas energy right now, today, with wind and solar energy instead. Yes, it’s impossible for many reasons, but let’s fantasize for just a moment. What if Alexandria Occasional-Cortex, and the petulant spoiled child Greta Thunberg, and John F. Kerry (a petulant spoiled adult) got their way? Poof! Here it is. Here is what it would look like…
In January 2016, Invenergy announced its intention to build a natgas-powered electric plant in Elizabeth Township, in Allegheny County near Pittsburgh (see