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![]() ![]() Section 4: President & Congress Subject: Power and energy Msg# 1180834
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Few people are hearing how Biden and his cohorts are pressuring the banks to stop financing coal & oil projects among energy programs. Very few reports being published. But a study confirms this has been occurring. Click Here
Quote: "Financial institutions have nonetheless faced pressure from lawmakers and regulators to reduce or eliminate altogether financing for fossil fuels. . . . Financing of the oil and gas industry by the biggest banks in the U.S. was far below prepandemic levels in 2021" Then there's the longer term outlook of demand curtailment occurring for petroleum products. Who knows what govt mandates and phaseouts will be occurring. Could become impossible to recover the costs to build your proposed project, Robert. Another battle involves BlackRock, one of the biggest capital investment groups. Criticisms have been leveled that its investing policies have become too "woke." Texas legislators have brought some pressure. And there are other groups formed to represent conservatives. Objections from Florida have come in the form of removing BlackRock from control of $2 billion of state funds. Report: Florida yanks $2B from ‘woke’ BlackRock over ‘social-engineering project’ Click Here Click Here Click Here Seems to me that Biden and his cohorts are oblivious to the possible blackouts from relying too heavily on wind & solar. Promoting sales of all those elec vehicles but no emphasis on the power plants needed to recharge them. Folly in their planning. |
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For reference, the above message is a reply to a message where: I still don't understand why we don't use the coal from the Powder River Basin and convert it to petroleum feedstock? It can be converted to natural gas, gasoline, diesel, heating oil, plastics feedstock just to mention some of the uses and, there's enough coal to supply ALL of our energy needs for 500 years! |