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Massachusetts highest court upheld previous decision allowing climate-disclosure challenge filed by Attorney General Maura Healey against ExxonMobil to proceed over objections. Complaint alleges Exxon mislead consumers, investors on fossil fuel business climate-related risks ....
Help prices, it really hasn t. is there more they can do they are not doing? yes there is more that they could do which should be to basically reverse the administration and the democratic policies on energy. you know this is a party that has declared a fossil fuel the enemy, paul. gasoline comes from fossil fuels. they re really not willing to compromise on that the interior department for instance just recently announced amid these run ups and prices they re going to end leasing of oil and gas leases offshore. if they reverse some of those policies think the oil and gas industry if they were convinced they were not going to be punished for being in the fossil fuel business they would make the capitol investments and move forward to produce more energy, more gas and more gasoline. ....
especially during covid. correct. all of these republicans are saying, oh, we are following the democrats. had not stop to the drilling. the democrats would stop would not stop the drilling, it is covid! there is. that on the other, side there is also the reality that the investor class does not necessarily want to be in the fossil fuel business. and so there is this sort of move, and almost free market-ish move. and then there are political policies that are in place or wants to be in place that are creating enough uncertainty in that space where people are saying, do i really want to join a war? so i don t know if you want to blame the guys for doing for the price or not. i think the truth, is the reason we have the prices where we are today, is because we have not talked enough about the national security implications of what it means to take oil from russia. [inaudible] and you can argue that we did not move fast enough on green energy. which is to, say the transition i ....
I ve said yesterday for the president, all options remain on the table. sandra: what are we doing right now? american families are dealing with these skyrocketing oil and gas prices, looking at oil today, larry, 94 a barrel. larry: up 20 bucks in recent weeks. look at, some is a function of this putin and russia and ukraine thing, no question about it. the biggest amount the fact from day one in the first hour of his presidency after he was inaugurated, he ended the keystone pipeline and triggered a complete assault on our fossil fuel business, ok. we were producing 13 million barrels a day plus, we dropped to 11 million barrels a day when the economy fell out of bed during the pandemic, and we never recovered. why? biden threw a wet blanket over the entire industry. not just keystone, no drilling ....
Largest in the world and tremendous potential to produce even more. it has been the policy of the biden administration and they cannot have it both ways, trying to say on the one hand, getting fossil fuels and trying to shut down the fossil fuel business, long-term goal, and the same time, say actually we are doing all we can to increase oil output because we know people are hurting because of prices. sandra: and if you are sitting on a lease and not tapping into the lease then we are going to fine you for doing so. p blaming everybody, blaming vladimir putin, the oil companies. sandra: moment in history we are living through. this jobs report, did you take away it s a good snapshot of the economy and the recovery we are in? economy got hit hard by the pandemic two years ago, and coming back since then. unemployment rate is back down to where it was two years ago, created a significant number of ....