Energy Realism this past week focused on the mistake of rejoining the Paris Agreement on climate change, along with some other questionable decisions being made by the Biden administration. Daniel Turner believes that President Biden’s overly ambitious climate agenda could surge energy prices and make it much more difficult to do business in America. By rejoining Paris, we are at risk of shifting our industries to China. On the administration’s desired path, we will quickly go from American energy independence to Chinese energy dominance. In fact, Tom Harris notes that President Biden must recognize that the Paris Agreement violates his own ‘fair play’ objectives and past actions in the Senate. Erik Milito agrees that the new administration has already made major mistakes. President Biden took the dramatic step of banning new offshore oil and gas leases one week into his administration. Not only does the decision run contrary to the law, banning Gulf of Mexico energy development will set back U.S. emissions and climate progress, outsource American jobs and investment, and empower foreign pollution havens. This is clearly bad policy: Jude Clemente documents how the U.S. oil and gas industry in particular has remained highly resilient through Covid-19. Despite the fact that global demand is still down, our exports of these essential fuels remain very high. As RealClear has already shown, however, the good news is that there is at least one area of agreement between Republicans and Democrats: the need for more domestic mining. Rich Nolan knows how building the industries of tomorrow at home, with community-supporting American jobs, is the right path to enduring economic recovery. Building a robust electric car supply chain, for instance, will ensure that the next century for the U.S. auto industry is as dynamic as the last. Essential Reading Staff, Texans for Natural Gas People and communities of color are particularly impacted by high-cost energy, making access to low cost-energy a matter of racial justice. Low-cost, abundant, reliable, and cleaner, natural gas must play an even more integral role in our national energy strategy. In the News Amy Whyte, Institutional Investor Svea Herbst-Bayliss, Reuters Peter Keller, Maritime-Executive WCCS Robin Harding, Financial Times Amit Katwala, Wired Sam Dorman, Fox News Al Jazeera Robinson Meyer, The Atlantic Stephen L. Miller, Spectator Mike Pasko, The Federalist Bernice Napach, Think Advisor Skadden et al., Lexology DNYUZ Michael Holder, Business Green Forbes Breaking News Jen Psaki spars with Fox News reporter Peter Doocy over Keystone XL workers. Fox News 'The Five' react to Democrat hypocrisy when it comes to COVID lockdowns and environmental preservation. PwC Join PwC's Maria Moats and Wes Bricker as they discuss how companies and boards can help make sure the ESG data they’re disclosing is accurate and high-quality, so that investors and... S&P Dow Jones Indices Channel Understand the growth of ESG investing around the world. |