The war on coal and fossil fuels continue, in regulations molded by elected left-wing Democrats following progressive global climate change policies.
Consider the French international banking group BNP Paribas, the worlds eighth largest by total assets, who said in May it will not accept new customers that derive more than 25% of revenue shares from coal-related business units. Barclays, a UK lender, in 2019 committed to aligning all financing activities with the Paris climate agreement, and in 2020 is not lending to clients with more than 50% of their revenues from thermal coal-related business.
Applied here, think of how this would impact Pennsylvania’s economy. In a capitalist economy, this kind of business practice creates an opportunity for other financial lenders. But in a socialist economy, where lenders and producers are nationalized, or regulated by “citizen committees,” the danger of left-wing ideology and control becomes obvious.
This is our future when we elect socialists to any level of government. Biden and Harris are not “moderates” in the Democratic Party. They are owned by the AOC-style radical left socialists who want capitalism and our Constitution dissolved, since that is the only way these business practices can efficiently further the left agenda.
James Falcsik
Hempfield