Andy Barr: “I thank my friend from Pennsylvania for his leadership on this issue. Madam Speaker, the Biden administration's war on…”

“I thank my friend from Pennsylvania for his leadership on this issue. Madam Speaker, the Biden administration's war on domestic energy extends beyond canceling pipelines and infrastructure, suspending oil and natural gas leasing on Federal lands and waters, or opposing funding of construction of projects that could lower the cost of gas, diesel, or energy-derived fossil fuels and slow-walking liquified natural gas exports that could reduce Europe's dependence on Russia. No, in fact, what most Americans do not understand is that the central feature of President Biden's anti-energy agenda is the weaponization of financial regulation to choke off capital to heroic American energy companies. And this agenda has been enabled by woke corporate leaders who have elevated a political ESG agenda ahead of returns for retail investors. And we knew that the ESG agenda, the environmental social governance agenda, was prioritizing climate alarmism over and ahead of investor returns, over and ahead of affordable reliable energy. But now as we see how Russia is using oil and gas exports to finance their illegal and brutal war against Ukraine, Americans can now see how the ESG agenda is compromising both American energy dominance and our national security. The job of bank regulators is to ensure the safety and soundness of financial institutions and to promote financial stability.…”