7 min listen
Are banks freezing out the US upstream over climate or economic concerns?
Are banks freezing out the US upstream over climate or economic concerns?
ratings:
Length:
20 minutes
Released:
May 11, 2020
Format:
Podcast episode
Description
Plunging demand, collapsing prices and a reeling global economy are creating an extremely tough climate for the US upstream oil and gas sector. US Senator Dan Sullivan, Republican-Alaska, argues another factor is basically kicking the sector while it's down. Sullivan says some of the largest US banks are no longer willing to lend the sector money -- not because of these economic concerns -- but because of their environmental impact. He and 15 other US senators asked the White House to investigate this practice, which they argue is unfair because the banks are benefiting right now from Congress' coronavirus relief packages. We also asked Sullivan if Arctic oil is still needed, how Alaskan operations are faring, and his campaign to increase US pressure on the Saudis for the recent oil price war.
Released:
May 11, 2020
Format:
Podcast episode
Titles in the series (100)
Offshore and inland, crude oil industry anxious over coming changes: The end of this week is the deadline for comments on the next five-year oil and natural gas leasing plan, which will serve as a guide for offshore drilling from 2017 through 2022. It's also comments time for the Department of Transportation's phasing out by Capitol Crude: The US Energy Policy Podcast