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10/6/2020

It was a busy week at Energy Realism, with key topics remaining California and activists’ net-zero dreams.

Joel Kotkin examines how California’s politicians blame forest fires on climate change—without taking responsibility for their own misguided forestry-management practices, which make seasonal fires much worse. California’s environmentally extreme “Ecotopia” policies could soon be coming to the rest of the country. Governor Gavin Newsom recently announced, for example, a phase-out for manufacture of new gasoline-powered cars by 2035, in favor of those powered by electric batteries. Brett Bennett brings a much-needed reality check: there is no “Moore’s Law for batteries,” he writes. There is, however, a growing cognitive dissonance between the goal of achieving net-zero carbon emissions and the pace of battery and electric vehicle development.

Taking aim at these net-zero dreams, Frank Lasee sees carbon neutrality as a “bogus goal.” China’s purpose in promising to achieve “net-zero carbon by 2060” is obvious: to encourage Western environmental groups to derail the American shale revolution and increase domestic energy prices – all to the benefit of the Chinese Communist Party.

Daniel Turner builds on a recent RealClearInvestigations report that explains the limits of “green energy”—an exercise that ultimately magnifies the need for more fossil fuel energy. In short, we need practical energy policies, not pie-in-the-sky fantasies. Finally, the editors at RealClearEnergy summarize a discussion between energy-policy heavyweights Mark P. Mills and Daniel Yergin, made possible by the Manhattan Institute. The subjects: the complex “energy transition” and Yergin’s just-released book, The New Map: Energy, Climate, and the Clash of Nations.

In the News

America Has a Political Climate Change Problem

John Hart, C3 News Mag

Could ESG Investing Disrupt the LNG Boom?

Tsvetana Paraskova, Oil Price

Vanguard, BlackRock, Transamerica Launch New ESG ETFs

Jeff Berman, Think Advisor

How Will Presidential Candidates Protect the Grid?

Steve Kerekes, Protect Our Power

BP Laying Out Its Low-Carbon Vision, Investors Skeptical

Katherine Dunn, Fortune

Not the Onion: Newsom Believes He Can Rid ICE Vehicles

Jennifer Van Laar, Red State

UBS Is Embracing Sustainable Investing

Leslie P. Norton, Barron's

Investors, Shareholders Driving ESG Compliance

Ed Stoddard, Daily Maverick

The SEC Needs to Robo-Cop Robo-Voting

J.W. Verret, Morning Consult

Investors Endorse Action on Board Diversity

James Langton, Investment Executive

Sustainability Investing Is Changing the World

Leslie Norton, Barron's Next

Are Small Scale Plants the Future for LNG?

Haley Zaremba, Oil Price

A Ban on Drilling Misses Its Mark

Chris Wright, The Gazette

Sustainable Investing Could Get a Lot Harder

Associated Press, WTOP

CFTC Calls for Sweeping Climate Risk Regulation

Staff, Bloomberg Law

Multimedia

America Is Burning From Bad Land Management, Not Climate Change

The Federalist

Tristan Justice interviews bestselling author, journalist, and environmental activist Michael Shellenberger on recent wildfires.

Energy, Geopolitics, And The New Map: A Book Talk With Daniel Yergin And Mark P. Mills

Manhattan Institute

The shale revolution brought about not only an American competitive advantage in the global oil and gas market, but also an entirely new geopolitical dynamic. Energy is the bedrock o...

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