The Center Square (Nov. 10, 2021) – President Joe Biden’s nominee for the comptroller of the Currency, Saule Omarova, said she wants to bankrupt smaller players in the natural gas, oil and coal industries to help reverse climate change.

Omarova, a Cornell University law professor, said in a Jain Family Institute’s Social Wealth Seminar in February that “a lot of the smaller players in the oil and gas and coal industry will probably go bankrupt in the short order, or at least we want them to go bankrupt if we want to tackle climate change.”

Omarova’s nomination has been criticized by Republicans and business groups who say she is extreme, particularly when it comes to her views on the oil and gas industry.

Biden Nominee Wants to Bankrupt ‘Smaller’ U.S. Oil Producers