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10/13/2020

With the presidential election fast approaching, it was another busy week at Energy Realism: “green energy” systems and the recent RealClearPolitics–National Mining Association event were the focus.

James Taylor kicks things off by bringing a reality check to a popular Amazon commercial, in which the company pledges to use more wind power. As Taylor reveals, large amounts of wind power would decimate America’s environment, open spaces, and wildlife. As naturally intermittent sources of electricity, wind and solar will not work without an immense build-out of expensive (and still not fully developed) batteries to compensate for the shortfalls. Steven Christensen reviews the 220-year history of the search for a high-density battery. Making a “battery revolution” a reality will require more domestic critical mining production and the development of a closed loop – “circular” – recycling system, in which battery components are recovered and reused to the greatest extent possible.

Daniel Turner notes stubborn energy realities that American greens seem unwilling to accept. Entrenched in all aspects of our lives, fossil fuels cannot be wished away – they remain highly reliable, abundant, inexpensive, and domestically available. Yet California is trying its best to ignore them. Brendan Flanagan describes the huge infrastructure investment required for the state’s latest green mandate: to ban sales of new oil-based cars by 2035 in favor of those running on electricity. California has been pushing back hard on what its political leaders regard as lenient environmental policies from the Trump administration. Yet, as Mary Neumayr shows, President Trump has been working to reduce U.S. emissions while still putting American families and workers first.

As seen in our recent RCP/NMA event, strong bipartisan support exists for a U.S. mining transformation, one that would run free of renewables and battery supply chains controlled by China. John Adams sees a reinvigorated mining sector and rebuilt material supply chains as the “irreplaceable foundation” for American industries of the future. Gerard Scimeca agrees, calling out those “environmentalists” demanding more clean energy systems but blocking the domestic extraction of their critical mineral components. Finally, in Forbes, Jude Clemente gives a report on the RCP/NMA event – an alliance meant to counter China’s widening influence.

In the News

Could Larry Fink Pass the Democratic Purity Test?

Richard Beales, Reuters

Norway’s Oil Fund Chief: More ESG-Driven Divestments

Richard Milne, Financial Times

As China and Russia Grow Closer, US Energy Loses

Ken Silverstein, Forbes

Cambridge Reverses, Divests After Years of Prior Rejections

Divestment Facts

ESG Market Record Is Causing Bubble Anxiety

Tim Quinson, Bloomberg

BlackRock Turns Up the Heat on AGL's Coal Exit Plans

Nick Toscano, The Sydney Morning Herald

JPMorgan to Push Clients to Align With Paris Agreement

David Benoit, The Wall Street Journal

Supreme Court to Take Up Baltimore Climate Case

William Allison, Energy In Depth

BlackRock ETF Thrusts Climate Into Political Sphere

Steve Johnson, Financial Times

How Cathie Wood Beat Wall Street by Betting Tesla $1T

Antoine Gara, Forbes

NYT Climate Hype Isn’t Helping But Nat Gas Does

Tom Shepstone, Natural Gas Now

Michael Mann Climate Failure on 60 Minutes

James Taylor, Watts Up With That?

SEC Shareholder Move Angers Institutions

Brian Croce, Pensions & Investments

Investment Titans Flex Muscles on Climate Change

Greg Ryan, Boston Business Journal

Cambridge to Dump Fossil Investments by 2030

Staff, Financial Times

Multimedia

Climate Talks: Carbon Management: Carbon Capture and Storage, Still Tomorrow's Technology?

Rud Pedersen Public Affairs Brussels

This session is focused on what has been preventing the large-scale uptake of Carbon Capture and Storage facilities (CCS).

Is Carbon Dioxide Simply a Pollutant ?

Total

The Myth: carbon dioxide is simply a pollutant; The Fact: CO2 could in fact be a versatile resource.

Reinventing Our Domestic Minerals Supply Chain in a Post-Pandemic World

RealClearPolitics

The US energy transition requires a transformation in America's mining sector and supply chains.

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