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Senator Bernie Sanders, I-Vt., Raised the bar in his progressive agenda on Thursday, when he announced that he was supporting criminal charges against oil company executives.
"Fossil fuel leaders should be criminally prosecuted for the destruction they have knowingly caused," Sanders tweeted. His comments were the last of the latest attacks by progressive politicians against big business and their role in climate change.
The same day, he released a $ 16 trillion global plan to combat climate change. Sanders described his "Green New Deal" as a way to "end the greed of the fossil fuel industry".
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"We will end the greed of the fossil fuel industry and switch to 100% renewable energy," he tweeted in an attack on natural gas. Sanders' website said he would ask, as president, his Justice Department to pursue criminal charges against companies like Exxon.
"These leaders have spent hundreds of millions of dollars to protect their profits at the expense of our future, and they will do everything in their power to remove every penny from the Earth," reads on his site.
"Bernie promises to go further than any other presidential candidate in history to end the greed of the fossil fuel industry, including forcing the industry to pay for its pollution and suing for the damage she has caused. "
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The American Petroleum Institute, a professional association of the oil and gas industry, responded to Sanders in a statement to Fox News.
"Making the difference between important environmental goals and families of workers who depend on affordable US energy is a false choice," said the organization.
"While some may use the attacks on natural gas and oil to strengthen their political base, our industry will continue to provide the energy that feeds the US economy and the modern lifestyle, while continuing to reduce carbon emissions beyond their current lowest generation level. "
While Sanders' engagement seemed unprecedented, leftist attacks on big oil are not new. The former Attorney General of New York State, Eric Schneiderman, led a coalition of more than a dozen states in ExxonMobil investigations, at the same time. following allegations that the public would be misled about climate change.
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This turned into a federal lawsuit, alleging that the oil giant defrauded its shareholders with its messages on climate change. Schneiderman resigned in 2018 following accusations of physical violence, but legal battles continued around the company.
Sanders' plan, along with other democratic proposals on climate change, would likely impose a heavy financial burden on companies such as Exxon, because Democrats have adopted deadlines that would significantly reduce carbon emissions in Canada. the space of only a few decades.
Congressional Democrats, for example, have proposed a carbon tax as a way to reduce carbon emissions by 100% by 2050.
The bill would pay the majority – 70% – of tax revenues to low- and middle-income Americans monthly, while spending the rest on infrastructure, energy innovation and helping communities move to a "cleaner energy economy". ". "
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The Competitive Enterprise Institute, a right-wing organization, said companies would collectively face multi-billion dollar costs for modernizing their commercial and industrial buildings.
For example, the study found that the state of the Pennsylvania battlefield would face more than $ 2 trillion in modernization costs for residential, commercial and industrial buildings. Florida would face a price of $ 1.4 trillion and New Hampshire, the first major state, would face modernization costs of $ 102.8 billion.
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Sanders and others said their projects would benefit the economy. The Vermont senator predicted that his plan would create 20 million jobs and amortize in 15 years.
"The cost of inaction is unacceptable," said Sanders' website. "Economists estimate that if we do not act, we will lose $ 34.5 trillion in economic activity by the end of the century, and the benefits are enormous: taking bold and aggressive measures. we will save $ 2.9 trillion over 10 years, $ 21 billion over 30 and $ 70.4 billion over 80 years. "
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