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2/9/2021

Energy Realism this past week focused on electric vehicles and other problems in the climate and energy space that the new administration should consider. 

Following up on his Chapter 1, Geoffrey Pohanka offers Chapter 2 of his electric vehicle series. Largely based on his own experiences using them, Geoffrey discusses President Biden’s overly ambitious goals for electric vehicles. The reality is that the public infrastructure build-out required will be immense and anything but ideal for Americans. On top of this, Rich Nolan documents the huge domestic mining revolution needed to meet the Biden administration’s goals for electric vehicles. This is a global competition for critical materials that we can and must win. Fortunately, the U.S. mining industry is ready to provide the foundation to do it.

Switching gears, Elin Swanson Katz reports on a very quiet energy problem. With the Biden administration’s focus on infrastructure, the country must do much more about the Digital Divide. She remains hopeful that the new Congress will fund the local solutions best able to connect us all to the Internet. High-speed is an essential service in today’s world and it must be accessible and affordable for every American. To conclude, Jane Marsh explains why biomass could actually be a harmful energy source. As an environmental community, we need to reevaluate the use of biomass and seek better options.

Essential Reading

De-Carbonization Pathways for Oil and Gas

Blazquez et al., The Oxford Institute for Energy Studies

Already rattled by COVID-19, it is essential for the world's oil and gas industry to rethink its role in abating climate change and seek a wide range of options to reduce greenhouse gas emissions. This study offers 10 different pathways for the industry to pursue.

In the News

Exxon Considers Capex Cuts, Board Shake-Up

Financial Times

The SEC Needs to Catch Up on Sustainability

Timothy Massad, Bloomberg Quint

Hedge Fund Billionaire Takes Climate Fight to S&P 500

Matt Wirz, The Wall Street Journal

Unions Criticize Biden Action Against Keystone XL

James Rosen, KOMO News

Biden’s Keystone XL Decision New Normal for Pipelines

David Blackmon, Forbes

Biden Insists He Will Not Ban Fracking

Namita Singh, Independent

Gov. Abbott to Protect TX Energy Biz From Fed Overreach

Bethany Blankley, The Center Square

Biden: ‘We Can’t Wait Any Longer’ on Climate

Associated Press

India Hungry for LNG Cargoes After Prices Crash

Stephen Stapczynski, Bloomberg

Expect Oil Price Spikes as Capital Investment Declines

World Oil

Stampede From Fossil Fuels 'Would Cost UK Jobs'

Simon Jack, Yahoo Finance

How Pres Biden’s Executive Orders Impact the Oil Industry

Robert Rapier, Forbes

Even w/o Keystone XL, US Set for Record Canada Oil Imports

Reuters

Wolf Again Pushes Nat Gas Severance Tax

Christen Smith, The Center Square

Kerry Suggests Oil Workers Laid Off Should Make Solar Panels

Mairead Mcardle, Yahoo News

Multimedia

Chevron CFO on Oil Prices, Earnings, Permian Basin, OPEC

Bloomberg Markets and Finance

Chevron Corp. surprised analysts with a fourth-quarter loss as weak fuel demand slammed its refining business and the company incurred hefty charges from its takeover of Noble Energy...

Everyone's Talking About ESG. What Does It Mean?

Hogan Lovells

Simon Keen and Adam Balfour take a deep dive into ESG, exploring what it means and how the growing interest in ESG and ESG requirements are set to affect us all.

Answering Top 6 Questions About ESG Investing in 2021

Refinitiv

While interest in ESG investing is growing exponentially, responsible investors are facing more challenges and doubts than ever before. In this webinar, we addressed some of the most...

Wyoming Gov: Keystone Pipeline Cancellation Is ‘a Real Problem’

Fox News

Gov. Mark Gordon discusses what President Biden’s climate plans will mean for his state on ‘America’s News HQ.’

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