"Born in Kazakhstan, when it was part of the Soviet Union, she tweeted in 2019, "say what you will about (the) old USSR, there was no gender pay gap there.
Market doesn't always 'know best.'"
Naming the coal, oil and gas industries, specifically, Omarova said "a lot" of the "small players" in those industries "are going to probably go bankrupt in short order," adding: "
At least we want them to go bankrupt if we want to tackle climate change, right?" ...
Omarova: "For example for certain troubled industries and firms that are in transitioning," she said.
"Here, what I'm thinking about is primarily the coal industry and oil and gas industry.
A lot of the smaller players in that industry are going to probably go bankrupt in short order, at least we want them to go bankrupt if we want to tackle climate change."
... She also said that in such a scenario, the National Investment Authority could take over the management of those companies, "basically leading them through restructuring to a new technological basis." ...
The Cornell University law professor, who has been nominated to lead the Office of the Comptroller of the Currency, first made the remarks during a February "Social Wealth Seminar" event hosted by the Jain Family Institute, a nonprofit research organization. ...
AAF founder Tom Jones condemned Omarova's comments in a statement to Fox News. "Calling to bankrupt the fossil fuel industry that drives nearly our entire economy is dangerously misinformed," Jones said.
"Yet the Biden administration is nominating zealots like Saule Omarova to serve in our government as they attempt to destroy American energy jobs and stifle innovation."
U.S. ‘Won’t Have Coal’ by 2030, John Kerry Predicts at UN climate summit in Glasgow
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Video of Obama seeking to bankrupt coal industry in 2008:
Flashback 2008:
President Barack Obama in interview with the San Francisco Chronicle editorial board: “If somebody wants to build a coal-fired power plant, they can. It’s just that it will bankrupt them,” Obama said, responding to a question about his cap-and-trade plan.
He later added, “Under my plan … electricity rates would necessarily skyrocket.”
OMAROVA COULD BE NEXT BIDEN NOMINEE TO GO DOWN WITH BANKING COMMITTEE DEMS RELUCTANT TO SUPPORT HER
Omarova during her presentation was making the case for a U.S. National Investment Authority – a proposed federal agency that would work with the Treasury and the Fed to allocate public and private capital to green infrastructure companies, according to Data for Progress.
“The NIA will be able to negotiate equity stakes in private enterprises that receive that public aid, be it part of the systemic bailout or be it part of … individual restructuring help, for example, for certain troubled industries and firms that are transitioning,” she said.
The Wall Street critic added later after naming the coal, oil and gas industries that the prospective bankruptcy of traditional energy companies would create a loss of jobs and “a lot of displacement” that the United States “can’t afford.”
The National Capital Management Corp. “could actually become the kind of equity investor at that point, taking over management of those companies and basically leading them through restructuring to a new technological … business model,” she said.
BIDEN TREASURY NOMINEE OMAROVA WAS MEMBER OF MARXIST FACEBOOK GROUP AS RECENTLY AS 2019, POST INDICATES"
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Sunday, November 14, 2021
"Biden Treasury nominee Saule Omarova seeks to ‘bankrupt’ coal, oil & gas companies: ‘We want them to go bankrupt if we want to tackle climate change’ "
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