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Doug Grandt answerthecall@me.com

Oil companies could go bankrupt Lord Browne has warned
July 1, 2016 at 6:17 AM
Colin Hayes (Senate ENR Ctee) Colin_Hayes@energy.senate.gov, Angela Becker-Dippmann (Senate ENR Ctee)
Angela_Becker-Dippmann@energy.senate.gov, Jeff Michels (Sen. Wyden) Jeff_Michels@wyden.senate.gov,
Mindy Myers (Sen. Warren) Mindy_Myers@warren.senate.gov, Bill Sweeney (Sen. Stabenow)
Bill_Sweeney@stabenow.senate.gov, Derrick Morgan (Sen. Sasse) Derrick_Morgan@sasse.senate.gov,
Michaeleen Crowell (Sen. Sanders) Michaeleen_Crowell@sanders.senate.gov, John Sandy (Sen. Risch)
John_Sandy@risch.senate.gov, Mark Isakowitz (Sen. Portman) Mark_Isakowitz@portman.senate.gov,
Patrick Hayes (Sen. Manchin) Patrick_Hayes@manchin.senate.gov, Michael Pawlowski (Sen. Murkowski)
michael_pawlowski@murkowski.senate.gov, Edward Hild (Sen. Murkowski) Edward_Hild@murkowski.senate.gov,
Boyd Matheson (Sen. Lee) Boyd_Matheson@lee.senate.gov, Kay Rand (Sen. King) Kay_Rand@king.senate.gov,
Ryan Bernstein (Sen. Hoeven) Ryan_Bernstein@hoeven.senate.gov, Ali Aafedt (Sen. Hoeven) Alexis_Aafedt@hoeven.senate.gov
, Betsy Lin (Sen. Hirono) Betsy_Lin@hirono.senate.gov, Joe Britton (Sen. Heinrich) Joe_Britton@heinrich.senate.gov,
Chris Hansen (Sen. Gardner) Chris_Hansen@gardner.senate.gov, Jeff Lomonaco (Sen. Franken)
Jeff_Lomonaco@franken.senate.gov, Chandler Morse (Sen. Flake) Chandler_Morse@flake.senate.gov, Joe Hack (Sen. Fischer)
Joe_Hack@fischer.senate.gov, Jason Thielman (Sen. Daines) Jason_Thielman@daines.senate.gov, James Quinn (Sen. Cassidy)
James_Quinn@cassidy.senate.gov, Joel Brubaker (Sen. Capito) Joel_Brubaker@capito.senate.gov,
Travis Lumpkin (Sen. Cantwell) Travis_Lumpkin@cantwell.senate.gov, Dan Kunsman (Sen. Barrasso)
Dan_Kunsman@barrasso.senate.gov, David Cleary (Sen. Alexander) David_Cleary@alexander.senate.gov
Cc: Ginger Willson (Sen. Sasse) Ginger_Willson@sasse.senate.gov, Jordan Cox (Sen. Fischer) Jordan_Cox@fischer.senate.gov

Dear Chiefs of Staff:

Please compel your Senators to call CEOs of the major oil and gas production and refining companies to testify how they will
exercise Fiduciary Duty in the face of bankruptcy without jeopardizing the Public Interest, National Interest indeed U.S.
National Security.
Irrespective of the cause of their impending defaults, we must treat the fossil fuel industry as a National Resource and Treasure,
and manage it responsibly, beyond simple economics, profits and loss. It must not be allowed to go belly up and close its doors
precipitously.
There is an urgent need to decommission the unprofitable infrastructure and replace it with profitable carbon-free energy
technology.
Following are excerpts from the June 28, 2016, Financial Times article which should sound an alarm for you via-a-vis S.2012
Energy Policy Modernization Act of 2016.
http://www.ft.com/cms/s/0/8c4f5114-3d17-11e6-9f2c-36b487ebd80a.html#axzz4D9UAtv6U
Oil companies could go bankrupt....
Lord Browne
The former chief executive of BP said the big oil and gas groups could go the way of Peabody Energy, the worlds biggest
private sector coal producer, which filed for bankruptcy protection in April.
With oil at $100 it is tempting to say, Oil is where the future is and nothing can compete with it, he said.
It turns out that was not true....
Sincerely yours,
Douglas Grandt