Biden’s nominee for Comptroller of the Currency wants to ‘bankrupt’ U.S. oil & gas industry

This Oct. 1, 2020, photo shows onshore wind turbines that power a sewage treatment plant in Atlantic City, N.J. On Thursday, Oct. 28, 2021, New Jersey officials announced significant expressions of interest from private companies in building clean energy projects in the state including solar and offshore wind power. (AP Photo/Wayne Parry)

This Oct. 1, 2020, photo shows onshore wind turbines that power a sewage treatment plant in Atlantic City, N.J. On Thursday, Oct. 28, 2021, New Jersey officials announced significant expressions of interest from private companies in building clean energy projects in the state including solar and offshore wind power. (AP Photo/Wayne Parry)

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UPDATED 8:43 AM PT – Thursday, November 11, 2021

Joe Biden’s nominee for a top financial regulator suggested that U.S. energy companies must go bankrupt as part of her “climate agenda.”

“The way we get rid of those carbon financiers is we basically starve them of their sources of capital.”

— Saule Omarova – Joe Biden’s nominee for Comptroller of the Currency

In a series of recent statements, Saule Omarova appeared to admit oil and gas have a competitive advantage over so-called “green” sources of energy. She said fossil fuels producers must go out of business before the “green” agenda can prevail.

Omarova received her education in the Soviet Union and has endorsed Soviet-style command economics in the past.

Omarova has refused to disclose the contents of her thesis, written at the Moscow State University, for which she was awarded the Lenin Prize.

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