Saule Omarova, whom President Joe Biden picked to regulate the banking industry, opened a new front in the relentless campaign of woke capital last May. Speaking about oil and gas companies, she stated that “the way we basically get rid of those carbon financiers is we starve them of their sources of capital.”
Omarova’s threat to weaponize banking rules against traditional energy companies wasn’t just talk. It was the most public admission yet of a behind-the-scenes strategy growing in power on the Left. An alliance of green activists, big business, and woke culture warriors have begun pushing for environmental, social, and governance regulations, with the ultimate goal of using state power to crush and defund companies and individuals that don’t bend the knee to the current regime’s political will.
