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Tuesday, May 02, 2023 8:16:12 AM
The truth is oil and gas will be produced, and deals will be made. And you can trust in this. No prayers required.
Oh, and another inconvenient fact, those three bank failures came out of blue states. Two from CA and one from NY. Need I say more.
Okay, I will.
Over the past couple of weeks, many (most ?) U.S. banks are “opposing” the resolution requiring winding down of NEW fossil fuel financing, citing other efforts to achieve net-zero by 2050.
In addition, Major U.S. banks are “removing” the Paris Agreement requirement that phase-out plans be aligned with the International Energy Agency’s 2050 net-zero scenario.
Citi Bank’s CEO recently stated “we simply don't yet have affordable alternatives at the scale and reliability that is required to move national economies off of fossil fuels.”
Apparently bank management and other executives see the light too, and are pulling their heads out….
So the struggle continues. And now is the right time to shine the light on these ‘back door’ attempts to prevent the use of fossil fuels by government fiat.
We have a presidential election coming up, so make this an issue. Instead of “Joe” doing it, let the voters decide. In this country it is still their right. So far, anyway.
Mrs. Smith
Recent GSPE News
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