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10/20/2020

This week at Energy Realism, we focused on energy policy in a potential Biden presidency, the importance of fracking, always-advancing technologies, and the harsh reality that American climate lawsuits wind up helping China.

Daniel Turner considers what the U.S. energy picture could look like in 2022 under a Joe Biden administration. The candidate’s anti-fracking rhetoric has been very concerning. Just ask battleground state Pennsylvania, now the second-largest gas-producing state, thanks to its harnessing of reserves in the Marcellus shale. Hayden Ludwig & Kevin Mooney argue that Pennsylvanians now have a clear path laid out before them for growth, prosperity, and affordable energy. Jude Clemente makes clear that the Biden-Harris ticket should support fracking for economic, environmental, and even moral reasons.

Indeed, President Obama himself was a promoter of fracking and shale development. Tom Magness wants Democrats to maintain this all-of-the-above approach on energy solutions. Fracking has been lowering American energy costs, and gas now accounts for 40% of total electricity generation. Haley Fisackerly reports on how electric-power companies can thus help lower-income people and rural communities bridge the expanding “digital divide.” Technology is the solution to our energy and environmental challenges. Frank Macchiarola discusses how the U.S. oil and gas industry remains focused on advancing innovation to supply affordable energy while also reducing emissions—an effort that, among other things, exposes the flaws in California Governor Newsom’s anti-technology car mandate that discriminates against oil.

Not surprisingly, California has also been at the forefront of frivolous and hypocritical climate lawsuits against our critical energy suppliers. Craig Richardson advocates for the rule of law, as oil companies are clearly operating within their rights and hold the legal permits to maintain operations. Those seeking to punish American energy producers are only helping China and our other competitors, who are eager as ever to fill the void without playing by the rules. Christopher Hull believes that America would be better served to stay on its present course, consigning the Paris Agreement on climate to the dustbin of history and checking China at every turn.

In the News

Senate Dems Question BlackRock Climate Commitment

Staff, Reuters

Managing Funds Means Prioritizing Growth, Not Activism

Ellen R. Wald, The Hill

Cyber Security Is National Security

Energy.Gov

Black Lives Matter Provokes Change on Wall Street

Patrick Temple-West, Financial Times

Net-Zero Asset Owner Alliance Setting Records

UN

How to Tell If a ‘Sustainable’ Business Is ‘Greenwashing’

The Wall Street Journal

Biden’s Fracking Confusion Lingers

David Blackmon, Forbes

Politics Has No Place in Your 401(k)

Sudhir Roc-Sennett, MarketWatch

Rockefellers: Banks Must Stop Financing Fossil Fuels

Growald et. al, The New York Times

Commissioners Write to Trump, Biden in Support of Shale

Barbara Miller, Observer-Reporter

Biggest Fund Wants to Rid Poor ESG Performers

Lina Saigol, MarketWatch

ESG: Why ETF Returns Trail Wider Market

Srinivasan Sivabalan, Bloomberg

Church of England Has Divested From ExxonMobil

Staff, Bloomberg

Effort to Speed Climate Action in California Faces Pushback

Lisa Ellwood, Energy News Network

Labor Department’s Latest Blow Against ESG Investing

Leslie P. Norton, Barron's

Multimedia

Online Event: US EIA's International Energy Outlook 2020

Center for Strategic and International Studies

The CSIS Energy Security & Climate Change Program is pleased to host Linda Capuano, Administrator of the U.S. Energy Information Administration (EIA), for a presentation and discussi...

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