Controversial Biden Bank Nominee Said 'We Want' Oil and Gas Companies to Go Bankrupt

Saule Omarova, a law professor at Cornell University who graduated college in the USSR, has faced pushback over her nomination to be comptroller of the currency from business groups and Republicans, who have said that she is extreme and opposed to the industry as a whole.
A video of her discussing the idea of a National Investment Authority — a new government bureaucracy that would act directly in financial markets to allocate “both public and private capital” to fight social ills — has resurfaced in which she muses about oil and coal companies failing in order to fight climate change.
“A lot of the smaller players in that industry are going to, probably, go bankrupt in short order — at least, we want them to go bankrupt if we want to tackle climate change,” Omarova said as part of the Jain Family Institute’s “Social Wealth Seminar” series in March.