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10/17/2023

Energy Realism this past week hit on questions surrounding the “settled climate science” and how “going green” really is much more about “the Green,” where we have long been warned to follow the dough.  

Our great Senior Fellow got us started last week. Rupert Darwall details climate scientist legend Dr. Judith Curry’s new book: Climate Uncertainty and Risk. Bluntly put, the need to reduce CO2 emissions is much less pressing than the IPCC and UN contend because of the implausibility of extreme emissions scenarios. This is far more than just a book. Curry has produced a single-author counter to the IPCC that offers a radical alternative to the UN paradigm of climate change that could well serve as a manual for a future Republican administration. But, not surprisingly, not enough people are listening. Marlo Lewis gives us his “climate coup alert.” In recent comments to the White House Council on Environmental Quality (CEQ), 24 state attorneys general led by Iowa AG Breanna Bird warn that CEQ’s July 31 Proposed Rule to revise National Environmental Policy Act (NEPA) implementing regulations would unlawfully “turn an informational, procedural, outcome-neutral statute into a transformative tool to shape our economy and society to the Administration’s chosen policy goals.” Yes Houston, we have another problem: the Proposed Rule is designed to advance the Biden administration’s overreaching “whole-of-government approach to the climate crisis.” 

Indeed, much of the green agenda goes far beyond just “reducing emissions.” O.H. Skinner looks at what is happening in the beautiful city of Charleston, South Carolina. Charleston’s climate change lawsuit is part of a nationwide effort by left wing activists to score policy wins (think Green New Deal) in the courtroom that would never prevail at the ballot box or in the halls of the conservative state legislatures. The city’s lawsuit targets energy companies for supposed complicity in Lowcountry flooding. Predictably, this climate scheme features liberal elites, dark money pass-throughs, and fortune-seeking trial lawyers. Our Essential Reading relates by looking at ESG. This study from the Harvard Business School explains why companies should take control of the ESG data narrative by proactively shaping disclosure instead of being overwhelmed by survey requests. While the name is likely to change and the holes are clear, the concept of ESG is not going away, so firms would be well-advised to proactively tackle the subject, becoming as transparent as possible about their methodologies and the reliability of their data. 

In the News

Russia Lifts Ban on Diesel Exports

Vladimir Afanasiev, Upstream Online

Peak Oil Demand Fueling Anger in Oil Industry

Natasha Turak, CNBC

Can Oil Prices Remain Below $90?

Alex Kimani, Oil Price

High Interest Rates Hurt Clean Energy More Than Oil

Avi Salzman, Barron's

Banks Behind 70% Jump in Greenwashing

Reuters

Video: Indian Energy Minister Defends Russian Oil Purchases

CNN

Germany Brings Back Coal to Keep the Lights On

Petra Sorge, Bloomberg

Despite Climate Claims, World Bank Still Backs Coal

Carolyn Cowan, Mongabay

Climate Coup Alert: CEQ Proposes to Transform NEPA

Marlo Lewis, RealClearEnergy

Will Hamas Attack on Israel Affect Gas Prices in Florida?

Dani Medina, FOX Orlando

EU Just Kicked Off Its Biggest Climate Experiment Yet

Matt Reynolds, Wired

Climate Crisis Costing $16 Million an Hour

Damian Carrington, The Guardian

Charleston’s Climate Suit Is a Stalking Horse for the Green New Deal

O.H. Skinner, RealClearEnergy

15 Minute Climate Solution Spreading From Paris to Cleveland

Julia Simon, NPR

Climate Change: Are We Overreacting?

GZero Media

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