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‘We Want Them to Go Bankrupt’

‘We Want Them to Go Bankrupt’

The Wall Street Journal’s Editorial Board writes on Saule Omarova, president Biden’s nominee for Comptroller of the Currency, and her thoughts on the oil and gas industry.

The C3 Take
  • Saule Omarova, president Biden’s nominee for Comptroller of the Currency, has stated that the government should look to bankrupt oil and gas companies in order to address climate change.
  • Climate solutions should not have the government picking energy winners and losers.
  • If the Biden administration is serious about addressing climate change then they should look to empower our innovators, not damage our economic and energy security.

“All of this matters because as Comptroller Ms. Omarova would have enormous authority to regulate banks. It’s clear from this interview that one of her policy ambitions is to deny capital to certain companies that she wants to go bankrupt. Senators will have to decide if they want the Comptroller to be a one-person systemic risk to the banking system.”

Read the full article here.

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