Manchin to vote against Biden nominee that opposes fossil fuels

Washington Examiner:

Sen. Joe Manchin said he will not vote to confirm Sarah Bloom Raskin to a top Federal Reserve role, likely killing her nomination.

The West Virginia centrist Democrat announced his opposition in a Monday news release. He cited the importance of the Fed in fighting inflation and past remarks Raskin has made that are skeptical of fossil fuels in his decision to oppose her nomination.

Raskin, whom President Joe Biden nominated to be the Fed’s vice chairwoman of supervision, has faced intense scrutiny from Republican members of the Senate Banking Committee. Republicans contend that Raskin would use the Fed improperly to combat climate change. They say she has advocated having the Fed allocate capital and choke off credit to disfavored industries, such as oil and gas, although Raskin pushed back on that assertion during her confirmation hearing.

In an article published last September, Raskin suggested that financial regulators need to "reimagine their own role so that they can play their part in the broader reimagining of the economy."

"Climate change threatens financial stability; addressing it can create economic opportunity and more jobs," she wrote in a New York Times op-ed in 2020. "The decisions the Fed makes on our behalf should build toward a stronger economy with more jobs in innovative industries — not prop up and enrich dying ones."

In 2020, she said climate change is happening and that "whether or not you believe in it, it’s the Fed’s job to be mitigating the impact of exogenous shock."

...

History has not been kind to the proponents of "climate change."  Over the last five decades, their predictions of doom and gloom have not been realized.   The poles are still not ice-free and coastal cities are still not underwater.  The climate kooks have been trying to defund oil and gas production which is another reason prices for gas are so high.  Hopefully, this will kill her nomination.

See, also:

Joe Manchin Body Slams Joe Biden - Again

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