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9/28/2021

Energy Realism this past week focused on the dangers of energy-climate dreams and why the Biden agenda is dragging us down a dead end road. 

Jonathan Lesser knows the playbook for climate obsession: never let a crisis go to waste. True to form, politicians, including New York City Mayor DeBlasio, are conveniently claiming that recent flooding caused by the remnants of Hurricane Ida is clear evidence of climate change. “Unfortunately,” said the Mayor, “extreme weather events are becoming the norm.” Yet, the data suggest it is much more complicated. Robert Hefner thinks that this insistence of “everything falls under the category of climate change” could backfire on Democrats. The Biden Administration took that advice and, on the eve of Hurricane Ida, announced that the Department of Health and Human Services had created an office for climate change – climate is now a public-health issue. Europe has shown that voters might not be so quick to fall in line.

Duggan Flanakin realizes what we all should: a green energy obsession will simply increase our reliance on global supply lines controlled by China. At a time when the supply of semiconductor chips is falling behind global demand, President Biden is pushing heavily for massive changes to the U.S. economy that require near-geometric increases in our reliance on technologies that require chips and the rare earth metals that make them work. Kevin Mooney notes that it is not just China that will benefit from the wind, solar, and electric car obsession but Russia as well. Members of the Biden administration from the president on down who peddled unsubstantiated allegations about Russian collusion with Donald Trump have some serious explaining to do. Mother Russia is now benefitting from President Biden’s anti-energy policies in general, and from his hostility toward U.S. oil and natural gas in particular. Being anti-shale is the real “Russia collusion” story.

Benjamin Zycher sees the Democrat fixation with climate change as a plan to artificially increase the cost of energy to lower usage to lower emissions, a dangerous mentality that is wreaking havoc on Europe today. The Methane Emissions Reduction Act of 2021 is really just a blatant exercise in punitive politics directed at the fossil-fuel energy sector, a tax on conventional energy. Madison Czerwinski & Emmet Penney believe that the Biden administration’s solar dreams are not just expensive but completely unrealistic. There are plenty of reasons to doubt we will achieve the targets laid out in the Solar Futures study. To put it mildly, rebuilding the American economy to be carbon-free within this century will require Herculean feats of infrastructure and manufacturing.

In the News

Deserted Factories Show How China's Electric Car Boom Went Too Far

Financial Post

Democratic Bill Would Force Fed to Defund Fossil Fuels

Sylvan Lane, The Hill

Climate Change Is Biggest Global Problem We’ve Seen Since World War II, Says PwC Chairman

Catherine Clifford, CNBC

Clean Energy Wins and Woes in Biden's Budget

Jakob Puckett, The Hill

BlackRock Losing 'Patience' on Pace of Corporate ESG Disclosure

Jim Tyson, CFO Dive

Oil Demand Set to Grow Even After 2050, Energy Expert Says

Charles Kennedy, Oil Price

Solar Power Struggle

Gwendolyn Craig, Adirondack Explorer

Special Report: BP Gambles Big on Fast Transition From Oil to Renewables

Ron Bousso, Reuters

The Activism Vulnerability Report Q2 2021

HLSFCG

The ESG Movement: The ‘Goodness’ Gravy Train Rolls On!

Aswath Damodaran, Bloomberg Quint

BP’s Renewable Projects Continue to Post Losses

Charles Kennedy, Oil Price

Biden Announces Plan to Combat Extreme Heat Caused By Climate Change

Ben Adler, Yahoo Finance

Chevron CEO: Shareholder Returns More Important Than Solar, Wind Investment

Irina Slav, Oil Price

Surge in EV Sales Surge Lithium Prices, Shortages Loom

Zandi Shabalala, Reuters

Gov Pritzker Signs New Energy Bill, Making Illinois Climate Leader

WQAD

Multimedia

Democrats Will Ruin the Climate

The Wall Street Journal

Wonder Land: Democrats have wrecked the cities and the border. Why would climate policy be any different?

U.S. Is Concerned About Russia Limiting Natural Gas Exports

Bloomberg Politics

The Biden administration is growing more concerned over Russia’s restrictions on natural gas exports amid fears that some European countries may not have enough supply to heat homes ...

How the Perception of ESG Changed Amid the Pandemic

Yahoo Finance

Steven Fox, CEO of Veracity Worldwide, speaks with Yahoo Finance’s Julie Hyman at this year’s Concordia Summit on measuring ESG, companies ‘greenwashing’, and differences in operatio...

We're Working to Set Global ESG Auditing Standards: EY CEO

CNBC International TV

Carmine Di Sibio, global chairman and CEO at EY, discusses a new report that looks at investing more in environmental and social responsibility.

ESG Is Holding Back Real World Impact: Former BlackRock Sustainable Investing CIO

CNBC Television

Tariq Fancy, Rumie Initative founder and CEO and former BlackRock CIO for sustainable investing, joins 'Power Lunch' to discuss why he says ESG is a facade.

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