For the last few years, there has been increased activism in the marketplace to deny oil and natural gas companies access to capital. Anti-oil groups have turned to pressuring institutional investors, banks, and other financial institutions to stop investing in the industry, attempting to distort capital markets as a means to advance policies that cannot otherwise be enacted through Congress and other democratic means. Western Energy Alliance has become increasingly active in this issue area.
The Alliance is particularly focused on federal regulatory efforts to elevate non-pecuniary factors over traditional evaluation of investment risk and returns. Regulators like the Securities and Exchange Commission (SEC) are attempting to expand their jurisdiction while seeking to elevate policy and political objectives on climate change and environmental justice over their congressionally mandated duty to ensure maximization of returns and capitalization of legitimate commerce.
Activist groups have been able to convince neither the American people nor the majority of their representatives in Congress to stop using our products in the absence of a viable alternative, as it would mean fundamentally altering the healthy, safe, and prosperous lifestyles that Americans enjoy. The fact that our products are used in just about every facet of modern life speaks to their intrinsic value, and hence, their investment worthiness. Western Energy Alliance will engage in regulatory efforts seeking to institute onerous financial regulations that would make it more difficult if not ultimately impossible to develop oil and natural gas resources in this country.
Below are comments submitted by the Alliance on various regulatory issues:
- 41 Organizations Opposing the Nomination of Sarah Bloom Raskin as Vice Chair for Supervision at the Federal Reserve
- Myth Versus Reality: Greenhouse Gas Emissions from Federal Oil and Natural Gas
- Natural Gas Climate Change Benefits