John Kerry s Financial Crusade Against Oil and Gas – WSJ

The reality is the Biden administration is not standing in the way of increasing domestic oil production to meet today s energy needs, Deputy Energy Secretary David Turk asserted at the World Petroleum Congress in Houston last week. Really? He might want to check with John Kerry.

The president s climate envoy has been pressuring banks and financial institutions to reduce their commitments to U.S. oil and gas companies and join the Net-Zero Banking Alliance, which would hobble the ability of oil and gas companies to increase production. Citi, Wells Fargo, Bank of America, Morgan Stanley, Goldman Sachs and JPMorgan Chase signed on to the alliance this year.

Mr. Kerry s efforts didn t go unnoticed. In April, members of the Senate Banking Committee sent him a letter expressing concern that he had been pressuring banks to make extralegal commitments regarding energy-related lending and investment activities that would result in higher energy costs for American consumers.

via www.wsj.com

Why can’t John Kerry just devote himself to sailing and G&T’s on the Vineyard? Or if he’s going to devote himself to “public service,” just doing things that don’t hurt the public? Well, at least we are all deserving of great praise, because we are actually helping the public more than John Kerry is just by doing whatever it is we’re doing.