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Texas & Florida Continue to Lead the Nation

Discussion in 'Too Hot for Swamp Gas' started by ETGator1, Jul 29, 2022.

  1. 108

    108 Premium Member

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    And private sector social governance falls under this?
     
  2. ursidman

    ursidman VIP Member

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    The word “woke” was supposed to be used to describe people who got offended about everything is now only used by people who get offended about everything.
     
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  3. BossaGator

    BossaGator GC Hall of Fame

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    it’s the new “snowflake”
     
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  4. ETGator1

    ETGator1 GC Hall of Fame

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    States are beginning to have an impact on bank anti-energy lending policies:

    WV Treasurer Riley Moore: U.S. Bank Reversed Anti-Energy Lending Policy (breitbart.com)

    West Virginia State Treasurer Riley Moore barred five banks last week from entering into state banking contracts due to policies they had adopted against financing fossil fuel projects. U.S. Bank — which was originally considered for inclusion on the Restricted Financial Institution List — has now reversed its policy, Moore told Breitbart News on Wednesday.

    “The most important point of Restricted Financial Institutions List was having US Bank remove their prohibition on lending to fossil fuel companies, which led to them not being listed. I applaud US Bank in their decision and we all should. Categorical denials in lending are a distortion in the marketplace.”

    Moore predicted that West Virginia and other states will continue to use state banking contracts as leverage to nudge financial institutions away from anti-energy lending policies.

    “Texas will release their list in the near future, which will be followed by Kentucky, Oklahoma, and Tennessee,” he stated. “This is how we win. This is how we defeat ESG and bring the financial sector back to neutral and away from using corrosive capitalism to further the liberal agenda.”

    Environmental, Social, and Governance (ESG) standards are used by investors and financial institutions to guide capital allocation toward non-financial ends. While some ESG proponents have attempted to make a business case for these standards, critics argue that they exist to bias corporate governance politically, usually in favor of left-wing causes.

    According to a memorandum from the State Treasurer’s Office, the banks that did make it onto the Restricted Financial Institutions List are BlackRock Inc., Goldman Sachs Group Inc., JPMorgan Chase & Co., Morgan Stanley, and Wells Fargo & Co.
     
    Last edited: Aug 6, 2022
  5. VAg8r1

    VAg8r1 GC Hall of Fame

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    Using the West Virginia State Treasurer as an example, it looks like he is trying to force banks and other lenders into preserving a dying industry specifically coal mining rather than investing for the future in alternative sources like renewables. Would have been like states trying to force banks against issuing loans to auto manufacturers 110 years ago in an attempt to preserve the manufacturers of horse-drawn wagons in their states.
     
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  6. back2back2006

    back2back2006 GC Legend

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    You libs need to start showing respect for your next Prez. Isn't that what you tell us all the time.
     
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  7. BossaGator

    BossaGator GC Hall of Fame

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    US Bank is about to jack the W VA taxpayers
     
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  8. ETGator1

    ETGator1 GC Hall of Fame

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    The US will need an all of the above approach for another 2 to 3 decades. You can't and won't kill off fossil fuels now. The only thing you are killing off is the democratic socialist communist party.
     
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  9. VAg8r1

    VAg8r1 GC Hall of Fame

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    With the exception of AOC and her friends I don't think anyone is trying to quickly kill off the fossil fuel industry but rather to encourage increasing use of renewables with goal of gradually replace fossil fuels. Keep in Biden said that his goal was the elimination of fossil fuels by 2050 not a radical proposal calling for their elimination in the near future. That's 28 years down the road. Although I cannot see vehicles with ICE engines being totally replaced by EVs or other alternatives, it is very likely that between renewables (solar, wind), hydro, nuclear and may be even tidal, very little electricity will be generated by burning fossil fuels down the road.
     
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  10. ETGator1

    ETGator1 GC Hall of Fame

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    Not true. Biden ran on ending fossil fuels now and started the job on his inauguration day.

    AOC and her squad of justice democrats, democratic socialists, have pushed the democratic party so far left of center that it is now the democratic socialist party and is working hard to add the communism of Bernie Sanders too. The old democratic party which was left of center is dead.
     
  11. VAg8r1

    VAg8r1 GC Hall of Fame

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    Biden: 'We can't wait any longer' to address climate crisis

    He did make vague statements promising to end reliance on fossil fuels while campaigning. He never promised to end the use of fossil fuels as soon as he took office. He said he would begin the process of ending reliance it was always a longer term goal.

    As far as AOC is concerned she actually did introduce her Green New Deal as legislation in 2021 and it never even made it out of committee. When it was introduced as legislation in the Senate it didn't receive a single vote including that of Democrats although most of them in effect abstained by voting "present".
     
  12. ETGator1

    ETGator1 GC Hall of Fame

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    LOL! Biden's actions speak loud along with his words. The Biden Administration moved far beyond what was reported in that AP article.

    We are getting a mini version of the green new deal plus tax increases this weekend. It will have only the support of the dems, no republican votes. The $1.9 trillion was passed the same way last year. Thanks for giving us more cannon balls to use on your midterm candidates.
     
  13. duchen

    duchen VIP Member

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    . You keep throwing out words like “socialist communist” while promoting state restrictions-sanctions on free enterprise. Perhaps you don’t understand capitalism. In this case, banks are entitled to assess the risk of lending In a volatile industry. Perhaps you don’t understand the risk of lending I’m an works wide industry subject to the whims of countries like Saudi Arabia, Russia etc. Perhaps you don’t don’t understand the risks of lending in an industry that the world is moving away from because of climate change and uncertainty. The US has a choice: lead that movement or be left behind. And West Virginia and Texas are fossil fuel state’s drying to preserve what is going to be a dying industry. Like Texas, this is just going to cost these state’s money.
     
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  14. coleg

    coleg GC Hall of Fame

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    The tax increases are for a 15% corporate min. tax for large corps to pay at least something, and if an individual earns more than 400K as well. The Pubs are trying to claim that most Americans will see a tax increase and that's a lie. They want to claim that those 100 corps. will automatically pass their extra tax costs along to the consumer.... not a given. Of personal note, when dear leader dropped the massive 25% tax gift on corporation, I was looking to buy a new truck. I explained to the new truck manager that my truck was now a great deal cheaper to GM, but he assured me that was not the wat it worked. I did note that top exec. in most companies received substantially larger bonuses that year courtesy American taxpayers.

    Medicare will negotiate prices finally. Seniors will have a drug cost cap. This legislation and the Pub abortion debacle is going to bite the Pubs.
     
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  15. duchen

    duchen VIP Member

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    AOC is at the fringe of the Democratic Party. And the Democratic Party rejected Bernie Sanders. That is the difference between the Dems and the GOP. The GOP is embracing extremes. The party that embraces authoritarians, dictatorship, racists, etc. The party that reflects you.
     
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  16. gatordavisl

    gatordavisl VIP Member

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    No
     
  17. coleg

    coleg GC Hall of Fame

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    Many would suggest maga would have more to do with the Democratic party reacting to left of center than AOC, who has little sway.
     
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