| Energy Realism this past week discussed how the World Bank has jumped the shark and why there are certain policies to help install more renewables where they make sense. Our great Senior Fellow Rupert Darwall gets us started this week: President Biden’s nomination of Ajay Banga, the former CEO of Mastercard, to succeed David Malpass as World Bank president suggests that the Biden administration is prioritizing climate change over the World Bank’s founding mission of poverty eradication and economic development. Our Essential Reading this week then must also come from Rupert. The World Bank’s mission has been subverted by green ideologues who assert that a low-carbon world benefits the world’s poor but fail to acknowledge that making energy much more costly increases poverty. By prioritizing environmental sustainability over poverty reduction, the World Bank has abandoned its core development mission. The World Bank needs to go back to what it was set up to do. That means taking the lowest-cost path to cheap, reliable energy. Indeed, the Biden administration keeps contradicting itself on energy and climate. Not just blocking the mining revolution that we need for the greener energy future the administration itself is demand, but also blocking permitting reform that is required more wind and solar. Alex Flint looks at why some in Congress do not like expedited processes, and these days U.S. politics is a gordian knot. But we cannot be satisfied with the status quo, nor can we afford to not build new, better things. There is an opportunity for permitting reform. We just need to take it. And not just permitting reform, if we want more renewables we are going to need massive amounts of energy storage. Because they are intermittent and seasonal, renewable energy sources such as wind, solar, and hydro are unable to meet the power demands of peak grid loads on their own. Bahadir Yetki argues that we are on the precipice of developing technologies for a better future and should embrace all the promise of renewables aided by expanding energy storage installations – the final piece to the net-zero puzzle. In the News Mark P. Mills, WSJ Irina Slav, Oil Price Quartz Michael Kern, Oil Price Tsvetana Paraskova, Oil Price Will Horner, WSJ Julia Horowitz, CNN Roger Cohen, MSN Peter Kasperowicz, Fox News Greg Wehner, Fox Business Rich Segal, KXAN Ines Ferré, Yahoo Finance Lee Harris, The American Prospect Jessie Yeung, CNN IEEFA Yahoo Finance GasBuddy Head of Petroleum Analysis Patrick De Haan joins Yahoo Finance Live to discusses the state of gas and oil prices. Velocity GM and every other automaker have been forced to transition their entire product line to electric, a hard deadline. After over 100 years in operation, the need to change EVERYTHING. ... Robert Bryce Kelly Wanser heads Silver Lining, a nonprofit “dedicated to ensuring that society has information and options to address near-term climate risk.” In this episode, Wanser explains wh... DW Wealthy people are responsible for far more greenhouse gas emissions than poorer people. To reduce carbon footprints and prevent the worst effects of the climate crisis, one climate ... | 