I& #39;m sorry if I can& #39;t convince you there& #39;s a #ClimateCrisis. And the demerits of the #HB732 petrochemical giveaway are clear. But my dudes. This is also garbage economics.

The banks backing oil and gas are hurting. Why would states backing oil and gas fare any differently? #HB732

Oil, gas & pipelines = 3% of Wells Fargo& #39;s outstanding commercial loans

But they = 47% OF THEIR CORPORATE LOANS THAT ARE PAST DUE
https://www.charlotteobserver.com/news/business/banking/article244196997.html">https://www.charlotteobserver.com/news/busi... (via @AustWein)

The minds at @CarnegieMellon - in the https://abs.twimg.com/emoji/v2/... draggable="false" alt="❤️" title="Rotes Herz" aria-label="Emoji: Rotes Herz"> of #Pgh& #39;s the shale boom i- put some #& #39;s on the cost when you double down on gas & plastics.

The findings? Not good.

I shouldn& #39;t need to tell you clean air is valuable, but maybe their balance sheet can sell you https://www.post-gazette.com/news/health/2019/12/08/shale-development-natural-gas-drilling-fracking-costs-health-study-pennsylvania-cmu/stories/201912060038">https://www.post-gazette.com/news/heal...

Or this - debt-riddled #fracking firms that no only leave a mess for the taxpayer deal with, but they bankrupt their investors.

Texas firm MDC Energy is looking at a $40 mil cleanup, but has $160 mil in debt.

(Via @HirokoTabuchi) #HB732 https://www.nytimes.com/2020/07/12/climate/oil-fracking-bankruptcy-methane-executive-pay.html">https://www.nytimes.com/2020/07/1...

This is the nonsense I& #39;m talking about, if you haven& #39;t been watching this oil train-wreck closely the last 72 hours. #HB732

(Via @LauraLegere) #Echobox=1594764982">https://www.post-gazette.com/business/powersource/2020/07/14/Pennsylvania-petrochemical-tax-credit-fertilizer-dry-natural-gas-Marcellus-Utica-fracking/stories/202007140122?utm_term=Autofeed&utm_medium=Social&utm_source=Twitter #Echobox=1594764982">https://www.post-gazette.com/business/...

Anyway, our statement. https://twitter.com/PennEnvironment/status/1283155364729552896?s=19">https://twitter.com/PennEnvir...