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1/26/2021

Energy Realism this past week focused on why the Biden administration’s policy plans could prove to be a gift – for America’s competitors and adversaries.

Senior Fellow Rupert Darwall agrees that China poses “the most significant challenge” of any nation to the U.S., and this fact, he believes, confronts the new administration with its greatest dilemma: “saving the planet” from climate change requires appeasing Beijing. Jakob Puckett analyzes how America can turn back China in the Middle East, home to nearly 50% of the world’s proven oil reserves and 40% of its natural gas. We need to strengthen our alliances and make smart military decisions to prevent a hostile power from taking over. And we surely must avoid earlier mistakes of nation-building and trying to remake a distant region in our own image.

The Biden administration, however, seems primed for more mistakes on energy. Daniel Turner explains why canceling the Keystone XL oil pipeline is a huge fumble. This move seems like just the opening salvo of an energy agenda that will cripple the United States on many levels: jobs, cost of living, and opportunity. The administration is also forcing the U.S. back into the Paris Agreement on climate change, a dream come true for China because it will make America less competitive. Drew Bond and Tim Chapman argue that instead of revisiting Paris, Biden should pursue an innovation-led approach that can be replicated easily by other countries, not a heavy-handed regulatory policy similar to what already failed under President Obama.

In the News

Shareholder Voting Needs More Access, Transparency

Lawrence A. Cunningham, MarketWatch

Enbridge Rejects Michigan’s Demand to Stop Oil Pipeline

PBS

DOL Proxy Voting Rule Protects Workers, Retirees

Lynette Fallon, ValueWalk

Tesla Asked to Recall 158,000 Cars Over Safety Concerns

BBC News

US Corporate Boards Don’t Understand Climate Crisis

Tim Quinson, Bloomberg

Believe in Tesla? Why Aren’t GM, Ford, Toyota Crashing?

James Mackintosh, The Wall Street Journal

On First Day, Biden May Cancel Keystone XL Pipeline

Reuters

France's Total Quits Top US Oil Lobby in Climate Split

Ron Bousso, Reuters

Europe Turns Down More US LNG on GHG Concerns

World Oil

As Banks Retreat From Fossil Fuels, Trump Regulator Says 'Stop'

Politico

Bank Regulator Incurs Wall Street, Climate Investor

Eric Rosenbaum, CNBC

Biden Needs to Hit the Ground Running on Climate—or Else

Michael E. Mann, Mother Jones

Firms Brace for New ESG Regulations Under Biden

Emily Glazer, The Wall Street Journal

Keystone XL Oil Project Pledges Zero Carbon

Timothy Puko, The Wall Street Journal

The Power Grids Are Not Ok

Conor Bernstein, RealClearEnergy

Multimedia

What Biden's Policies Mean for the Energy Sector

CNBC Television

Paul Sankey, Sankey Research, looks at how the new administration could impact the energy sector. With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Fi...

The Biden Administration’s Energy and Foreign Policy Agenda in the Middle East

Atlantic Council

Join the discussion: the Biden Administration's energy and foreign policy agenda in the Middle East. 

Outlook for US Shale in 2021?

Gulf Intelligence

With Dr. Anas Al-Hajji, Managing Partner, Energy Outlook Advisors LLC and Brian Cozzolino, Director, Gulf Intelligence.

Market Intelligence Live: The ESG Outlook for 2021

S&P Global Market Intelligence

In this installment of Market Intelligence Live, Executive Editor Gary Regenstreif will interview Trucost CEO Richard Mattison about the ESG trends that will shape the year ahead and...

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