The Left’s Jihad against American energy
One such tactic focuses on intimidating universities and other institutions into divesting their financial holdings of fossil fuel investments. Activists behind this campaign talk candidly about how they hope to “revoke the social license” of energy companies and turn them into “pariahs.” Thanks to robust energy production and a free-market economy, the divestment campaign has achieved mixed success. Just recently Stanford University announced it will retain its investments in fossil fuel stocks – much to dismay of billionaire environmental activist Tom Steyer who was left red-faced by his alma matter’s announcement. Stanford’s decision to ignore environmentalist rants is the latest rejection by a number of prestigious universities that have decided to keep their coal, oil and natural gas investment assets.
This ultra-liberal alliance is also boldly trying to prosecute their political opponents who hold dissenting views on climate change. More than a dozen Democratic attorneys general and former Vice President Al Gore recently held a press conference announcing a multistate investigation of ExxonMobil, alleging some cockamamie cover-up of climate data. What is now known is that beforehand, two environmental activists had made a secret, closed-door presentation on “climate change litigation” to state prosecutors by invitation of the New York attorney general’s office.
In addition, the state-level rollout of the ExxonMobil assault model has already begun. Last year, regulators in North Carolina haphazardly declared that drinking water in wells located near coal ash storage sites operated by Duke Energy was unsafe. When do-not-drink warning letters were mailed to residents near the sites, the outcry against Duke Energy was immediate. Eventually, the truth came out, as it often does. Further tests – conducted independently – of drinking water across North Carolina discovered that water taken from city-run facilities was no different from water sampled near Duke Energy's coal ash storage sites. Embarrassed regulators had to recant their scare tactics and rescind their warning. The NC legislature is now looking at a law to prevent this blunder from occurring again.
These volleys at Duke Energy reveal how environmentalists work to accuse, label and condemn with nothing more than unsubstantiated allegations. This won’t be the last trumped-up charge leveled against Duke Energy this election season, as the environmental left’s attack plan is crystal clear. Gov. Pat McCrory – a former longtime Duke employee – is up for reelection. We can expect numerous ads and commentary designed to pick off the Republican governor while impugning the reputation of a major energy producer in the process.