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Dean of the House Leads Bicameral Letter to President Trump on Banks Discriminating Against Energy Projects

WASHINGTON, D.C., May 8, 2020 -

Today, Rep. Don Young (R-AK) led a bicameral letter to President Donald J. Trump urging the administration to take action against financial institutions that discriminate against American energy companies and their workers. The letter was led by U.S. Senators Dan Sullivan (R-AK) and Kevin Cramer (R-ND) in the Senate and signed by 36 Members of Congress including House Natural Resources Committee Ranking Member Rob Bishop (R-UT), Energy and Commerce Committee Ranking Member Greg Walden (R-OR), and House Republican Conference Chair Liz Cheney (R-WY).

We write with critical concern as major American financial institutions continue unfairly to pick energy winners and losers in order to placate the environmental fringe…

“Modern American energy development goes to great lengths to minimize the environmental footprint by operating under the most stringent regulatory standards and substantial mitigation investments. Financial institutions usurping the responsibility of environmental regulators by making these unilateral determinations is not only alarming for Americans in our states, but for every American job supported by our energy sector. Unfortunately, many leaders in the Democratic party have gone a step further and actually advocated for a complete ban on fracking and responsible energy development on Federal lands.

“As every sector of our economy struggles to survive the COVID-19 pandemic and seeks financial stability from the federal government, environmental extremists are using the pandemic to accelerate their goal of putting America’s energy jobs in the grave. We urge you and your Administration to use every administrative and regulatory tool at your disposal to prevent America’s financial institutions from discriminating against America’s energy sector while they simultaneously enjoy the benefits of federal government programs.”

Read the letter HERE.

Contact: Committee Press Office 202-226-9019

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