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‘Makes No Sense’: Manchin Rips Biden Admin Over Gas Stoves, ‘Crazy’ ESG Investing

Democratic Senator Joe Manchin of West Virginia on Wednesday criticized the Biden administration for its efforts to ban gas stoves, calling the use of environmental, social and governance (ESG) factors in investments “crazy.”

On March 20, President Joe Biden vetoed a Republican-led bill that would repeal regulations allowing investment advisers to consider ESG factors. The Biden administration also proposed new regulations targeting stoves and other appliances that use natural gas. study 12.7% of asthma cases in children claim to be caused by gas stoves. (Related: Biden’s EPA chief says ‘environmental justice’ is in EPA’s ‘DNA’)

“Why should the government step in and say that everyone has to look at this, that’s part of the terms of the investment? It’s crazy,” Manchin said of the use of ESG factors. Told. “For electric cars, I was not in favor of any kind of rebate. They know that too. I said if you have a good product, basically you’re going to sell it. .”

Biden signed the Inflation Control Act into law in August. The bill included tax credits for battery production, as well as tax credits for various energy-efficient home appliances and electric vehicles.

Manchin also lashed out at the Biden administration over regulations on gas stoves and new regulations on cars.

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“We may have to use the court system to stop them, but we will stop them,” Manchin told former Trump administration official Larry Kudlow, a former Fox Business presenter. “It makes no sense. They’re not going to take my gas stove away. First of all, my wife will kick me out of the house. And most of all, the majority of people like to cook on gas.” And we rely on gas for everything, including heating our homes, and gas is reliable and clean energy.They want to get rid of it all.”

Some states are moving to ban the use of fossil fuels in cars and home appliances in the name of combating climate change.

California is pushing for bans on gas stoves, diesel trucks, gas-powered lawn mowers and leaf blowers in the name of fighting climate change.New York Democratic Governor Kathy Hochul was suggested According to Bloomberg, such a ban is expected to be fully enforced by 2030.

Despite Biden’s push for electric vehicles, the administration blocked efforts in January to begin mining copper and nickel near the Boundary Waters canoe area, The Wall Street Journal reported. report. Important minerals are essential to the production of electric vehicles and other environmentally friendly technologies.

Additionally, on January 31, the Environmental Protection Agency decided to block the mining of 1.4 billion tons of copper, gold, molybdenum, silver and rhenium in Alaska to protect salmon.

“Senator Manchin, let’s be honest, the EPA is run by crazy people,” Kudlow said.

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