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Old 02-06-2024, 11:56 AM
 
17,304 posts, read 12,242,173 times
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Climate change concerns aside, why are we still financing strings of overseas oil and gas projects with taxpayer funds when we're at the highest level of energy independence in 70 years?

Quote:
"The bank is set to vote Thursday on financing an oil project in Bahrain, the latest in a string of overseas fossil fuel projects."

"A federal bank that finances projects overseas is set to vote on Thursday on whether to use taxpayer dollars to help drill oil and gas wells in Bahrain, a contentious decision that prompted two of the bank’s climate advisers to resign, according to people with knowledge of their decisions.
https://www.sej.org/headlines/two-cl...sil-fuel-plans

Last edited by notnamed; 02-06-2024 at 12:35 PM..
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Old 02-06-2024, 12:01 PM
 
Location: Auckland, New Zealand
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Why would banks have climate advisers?

One would think that their business interests lie in financial matters.
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Old 02-06-2024, 12:11 PM
 
18,439 posts, read 8,268,923 times
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meanwhile in the real world.....China is approving new coal plants at the rate of 2 new plants a week
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Old 02-06-2024, 01:02 PM
 
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"The two advisers, who sit on an 18-person board that President Biden created to help the bank take climate change into account when making investments, resigned last week after a meeting about the Bahrain project, according to five current and former bank officials, who spoke on the condition that they not be identified because they were not authorized to discuss internal deliberations.

They described mounting frustration among climate advisory board members, who say they are being kept in the dark about upcoming fossil fuel loans and blocked from making recommendations about whether to approve or even modify a particular project."

The entire Climate agenda is a scam, and you the taxpayer are being scammed.
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Old 02-06-2024, 01:16 PM
 
17,304 posts, read 12,242,173 times
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Climate change concerns aside, why are we still financing strings of overseas oil and gas projects with taxpayer funds when we're at the highest level of energy independence in 70 years?
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Old 02-06-2024, 01:21 PM
 
8,059 posts, read 3,944,421 times
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Quote:
Originally Posted by notnamed View Post
Climate change concerns aside, why are we still financing strings of overseas oil and gas projects with taxpayer funds when we're at the highest level of energy independence in 70 years?
Probably because Brandon's handlers aren't through sabotaging domestic production.
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Old 02-06-2024, 01:22 PM
 
17,304 posts, read 12,242,173 times
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Quote:
Originally Posted by Ultor View Post
Probably because Brandon's handlers aren't through sabotaging domestic production.
Domestic production is at an all time high. Been increasing since it collapsed under Trump.
https://www.eia.gov/dnav/pet/hist/Le...s=mcrfpus2&f=m
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Old 02-06-2024, 01:24 PM
 
8,059 posts, read 3,944,421 times
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Quote:
Originally Posted by notnamed View Post
Domestic production is at an all time high.
I never said they were competent.
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Old 02-06-2024, 01:36 PM
 
15,427 posts, read 7,482,091 times
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Quote:
Originally Posted by notnamed View Post
Climate change concerns aside, why are we still financing strings of overseas oil and gas projects with taxpayer funds when we're at the highest level of energy independence in 70 years?
The ExIm bank provides loan guarantees for projects involving exports by US companies. In the past this included things like exporting GE gas turbines used in power projects. The bank reduces credit risk for US companies that export goods.
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Old 02-06-2024, 01:39 PM
 
15,427 posts, read 7,482,091 times
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Quote:
Originally Posted by DannyHobkins View Post
"The two advisers, who sit on an 18-person board that President Biden created to help the bank take climate change into account when making investments, resigned last week after a meeting about the Bahrain project, according to five current and former bank officials, who spoke on the condition that they not be identified because they were not authorized to discuss internal deliberations.

They described mounting frustration among climate advisory board members, who say they are being kept in the dark about upcoming fossil fuel loans and blocked from making recommendations about whether to approve or even modify a particular project."

The entire Climate agenda is a scam, and you the taxpayer are being scammed.

You aren't a climate scientist, are you? What makes you think climate change is a scam? Thousands of actual climate scientists have conclusively demonstrated climate change is occurring. Personally, I don't think there's a lot we can do about it, but it makes sense to reduce CO2 emissions.
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