Democrats stilll harassing big oil

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Fraser921
Posts: 2955
Joined: Mon Mar 22, 2021 11:48 am

Democrats stilll harassing big oil

Post by Fraser921 »

While begging for more output> shows more than Biden is mentally ill

https://news.yahoo.com/u-house-panel-su ... p_catchall

The head of a U.S. House panel on Tuesday subpoenaed four major oil companies and two lobbying groups for documents related to their actions on global warming as part of a year-long probe into potential climate deception by the energy industry.

Representative Carolyn Maloney, a Democrat and the chairwoman of the House Committee on Oversight and Reform, issued subpoenas to Exxon Mobil Corp, Chevron Corp, BP America and Shell Oil, and to industry body the American Petroleum Institute (API) and the U.S. Chamber of Commerce.

If you think humans can change the weather why don't we inject c02 in winter to warm things up would result in less carbon use as we won't be freezing our butts off
sl6886
Posts: 138
Joined: Tue Jul 14, 2020 7:57 am

Re: Democrats stilll harassing big oil

Post by sl6886 »

And now the Blackrock guy gets involved - wonder why

Blackrock has been behind some of the Shareholder votes against big oil because they want to build momentum and value in their "Green" alternatives. According to Rozencwajg, the whole thing might be a dubious prospect or, at best breakeven return, in terms of carbon reduction and we're going to spend a ton of money that Blackrock is happy to take in.

Well, the Blackrock guy is now complaining that publicly traded funds (easy targets) are selling their stakes to private equity, where the ownership and reporting requirements are far less transparent. The ESG crazies and their mercenary hedge fund accomplices are not happy that their opponents won't stand still and continue to take the punches. Like you mentioned here before, Continental will go private for this reason.

These people will try and counter with some type of regulation or taxation. The investing crowd senses all of this, which is why we all want to get paid with dividends from FCF while it lasts because smart people on the other side are working to hasten the demise of oil/gas and ring their registers with Green Energy. Let's go Brandon!
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