thefingerfuckingfemalefury:

cogitoergofun:

Republicans pledge allegiance to fossil fuels like it’s still the 1950s

Republican-led states are threatening retaliation against banks that refuse to lend to coal, oil and gas companies in effort to delay transi

the Guardian

Joe Biden may be pressing for 2021 to be a transformational year in tackling the climate crisis, but Republicans arrayed in opposition to his agenda have dug in around a unifying rallying theme – that the fossil fuel industry should be protected at almost any cost.

For many experts and environmentalists, the Republican stance is a shockingly retrograde move that flies in the face of efforts to fight global heating and resembles a head in the sand approach to the realities of a changing American economy.

In a recent letter sent to John Kerry, Biden’s climate envoy, more than a dozen Republican state treasurers accused the administration of pressuring banks to not lend to coal, oil and gas companies, adding that such a move would “eliminate the fossil fuel industry in our country” in order to appease the US president’s “radical political preferences”.

The letter raised the extraordinary possibility of Republican-led states penalizing banks that refuse to fund projects that worsen the climate crisis by pulling assets from them. Riley Moore, treasurer of the coal heartland state of West Virginia, said “undue pressure” was being put on banks by the Biden administration that could end financing of fossil fuels and “devastate West Virginia and put thousands of families out of work”.

“If a bank or lending institution says it is going to do something that could cause significant economic harm to our state … then I need to take that into account when I consider what banks we do business with,” Moore, who has assets of about $18bn under his purview, told the Guardian. “If they are going to attack our industries, jobs, economy and way of life, then I am going to fight back.”

The shunning of banks in this way would almost certainly face a hefty legal response but the threat is just the latest eye-catching Republican gambit aimed at propping up a fossil fuel industry that will have to be radically pared back if the US is to slash its planet-heating emissions in half this decade, as Biden has vowed.

In Louisiana, Republicans have embarked upon a quixotic and probably doomed attempt to make the state a “fossil fuel sanctuary” jurisdiction that does not follow federal pollution rules.

In Texas, the Republican governor, Greg Abbott, has instructed his agencies to challenge the “hostile attack” launched by Biden against the state’s oil and gas industries while Republicans in Wyoming have even set up a legal fund to sue other states that refuse to take its coal.

The messaging appears to be filtering down to the Republican electorate, with new polling by Yale showing support for clean energy among GOP voters has dropped dramatically over the past 18 months.

But critics say Republicans are engaged in a futile attempt to resurrect an economic vision more at home in the 1950s, rather than deal with a contemporary reality where the plummeting cost of wind and solar is propelling record growth in renewables and a cavalcade of countries are striving to cut emissions to net zero and, in the case of some including the UK and Germany, completely eliminate coal.

“We are seeing desperate attempts to delay the inevitable, to squeeze one more drop of oil or lump of coal out of the ground before this transition,” said Gernot Wagner, a climate economist at New York University. “They are looking to go back to a prior time, but the trend is absolutely clear. The stone age didn’t end for the lack of stones and the oil age won’t end for the lack of oil,” he added, paraphrasing a quote attributed to the former Saudi oil minister Ahmed Zaki Yamani.

“I’d like to introduce my friends from the nations energy industry

The head of the Society of Petroleum Industry Leaders

Or SPILL

The chairman of the national society for more coal energy

Or SMOKE as it’s also known

And from the nuclear industry, head of the Key Atomic Benefits of Mankind…

KABOOM”