'Why Won't You Answer My Question': Harriet Hageman Refuses To Let Up On Witness Over ESG Policy

minute rule with questions the chair recognizes the gentlewoman from Wyoming for five minutes thank you Mr banen you in your testimony you state that to be clear this is engagement not divestment we would agree which is why the report this committee put out yesterday yesterday came to the same conclusion where we disagree is that your engagement is designed to fundamentally change business and industries to the detriment of consumers in a matter which is indeed not coll oration but collusion Calpers is a founding member of climate action 100 is that correct climate action 100 plus was founded by series and uh Calpers was involved in his creation early on and kpers is a founding member of climate action 100 correct well C Calpers is a founding member and a signatory to climate action 100 plus climate action 100 has 170 Focus companies 42 of them being oil and gas companies is that also correct climate action 100 plus has 170 Focus companies and 42 oil and gas companies where we come together and discuss ideas and make independent decisions on how we on how we so so my statement is correct is that right as I said c climate action 100 plus has 170 Focus companies as I said in my opening statement and 42 of them are oil and gas companies where we come together to discuss and one of the objectives of the climate action 100 is for these focused companies to reduce their emissions is that correct climate change is something that is happening would you please answer my question there's context to your question and one of the objectives of climate action 100 is for these focused companies to reduce their emissions is that correct climate change is something that is happening is that correct answer my question please as I say climate change is something that is happening wear the CEO of as you so testified in his deposition that quote an oil and gas company could not reach Net Zero while continuing to produce fossil fuels unquote and as you so president Daniel F uh fuger testified that quote ultimately fossil fuel use has to be reduced unquote and Gan co-chair Mark Carney testified to the committee that quote more than half of the world's coal reserves need to stay in the ground in order for the world to be in line with Paris unquote so for the 42 oil and gas companies that climate action 100 focuses on the way for them to reduce emissions would be for them to reduce their outputs is that correct can you repeat the question please for the 42 oil and gas companies that climate action 100 focuses on the way for them to reduce emissions would be for them to reduce their outputs is that correct what we focus on with the companies that we engage why won't you answer my question I'm attempting to answer your question Focus you're trying to avoid it what we focus on with the companies that we engage is for them to be long-term and to reduce their outputs correct we would never suggest that an organization that is an oil kpers committed to pursuing policies which Cuts fossil fuel outputs even if that would increase prices on the American people cpers is focused on generating returns to pay pensions over generations and even if it makes it more difficult for them to put gasoline in their cars again our North Star is about producing returns that's not what you write and it's not what you've testified to previously m lber siries is a co-founder and member of climate action 100 is that also correct has siries in climate action 100 identified the egg sector especially livestock production as an industry which must reduce its emissions would you turn on your microphone please I believe there are some a sector companies in that cohort okay and there's no way for the a sector to reach Net Zero without reducing beef production is there uh I don't know that that's clear there are ways to do farming there are ways to create energy that are less greenhouse gas emitting I mean many of the oil and gas companies that you were talking about it's not about not producing it's about creating options and transforming the their Technologies and capturing the oil and gas emissions you know it's very interesting to me my mother is 100 years old she'll be 100 in one and the changes that she's seen in the last 100 years are absolutely mindblowing in terms of the technological advances the increase in life expectancy the decrease in in infant mortality rate our overall Prosperity what we have created in this country and there's one reason why we have seen the prosperity in the last 100 years that right that has never been rivaled in world history and it's because of the commercial production of affordable energy every single one of you and your organizations want to destroy that you are evil and what you are attempting to do and the violations of law that you are engaged in is absolutely stunning and I think it's telling that you won't answer my questions with that I yield back J yields back the chair now recognizes the gentleman from California for

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Length: 5min 26sec (326 seconds)

Published: Fri Jun 14 2024