Energy Realism this past week supported reliable, affordable energy for the world’s poor and the need for a more resilient U.S. power grid. Energy poverty might just be the world’s biggest problem, and it is going completely ignored. The position of “only wind, only solar” is not just hypocritical but utterly unfair: fossil fuels supply 80% of America’s energy. Katie Tahuahua says that if President Biden’s administration is serious about fighting poverty and leading the pursuit of equity, it must reverse the ban on fossil fuel financing for the developing world. Indeed, looking at green-fixated California, Jude Clemente shows how higher cost, less reliable energy from renewables hurts minorities and lower-income people the most, which explains why civil rights leaders like Revs. Al Sharpton and Jesse Jackson are actively supporting low-cost natural gas. Perhaps worse, the real winners from such a green obsession are obvious. Senior Fellow Rupert Darwall knows that climate policy has devolved into a money-making scheme where only the elite benefit. The extending divisions within “the climate community” first became visible with Michael Moore’s 2020 movie Planet of the Humans, which pitted true believers on one side against those positioning themselves to reap profits from the climate money pouring into decarbonization, only to get removed from woke YouTube. Back to Texas, Carlton D. Everhart wants us to learn from the crisis by updating the entire U.S. power grid. We need the strategic vision, and collective political leadership and political will, to plan, prepare for, and create a resilient energy future. Tony Clark agrees and destroys five myths about what exactly happened in Texas. The analyses are just emerging but one thing is certain: resiliency can only become more critical. Essential Reading Michael Greenstone, Ishan Nath, Energy Policy Institute, University of Chicago Using the most comprehensive data set ever compiled and a difference-in-differences style research design, we find that electricity prices are 11% higher seven years after RPS passage, largely due to indirect grid integration costs (e.g., transmission and intermittency). McKitrick et al., Fraser Institute With Canada’s federal carbon tax set to reach $50 per tonne in 2022, there are concerns that businesses will become less competitive as a result of higher energy costs. Evolving technologies will help but policy makers must better understand how carbon taxes can impact Canada’s economic competitiveness. In the News John H. Cochrane, Hoover Institution Fiona Harvey, The Guardian Kevin Dayaratna, The Daily Signal Ernest Scheyder, Reuters Stephanie Catarino Wissman, Pittsburgh Post-Gazette Saijel Kishan, Bloomberg Benjamin Storrow, E&E News Lisa Woll, Barron's CNBC Ben Ashwell, IR Magazine The Sun Samantha Ross, Center for American Progress Barnini Chakraborty, Washington Examiner Kavya Balaraman, Utility Dive Governor Kristi Noem, The Washington Times CNBC Television Could Exxon go green after activist investor joins the board? With CNBC's Melissa Lee and the Fast Money traders, Guy Adami, Tim Seymour, Karen Finerman and James McDonald. FreightWaves Kevin Hill, Executive Publisher, FreightWaves, chats with Benjamin Shattuck, Research Director, US Oil and Gas, Wood Mackenzie. The past two years have been low points for domestic o... CNBC Television Activist investor Jeff Ubben joined ExxonMobil's board of directors. Sam Margolin from Wolfe Research joins 'Closing Bell' to discuss what this means for the company moving forward. GO Invest In this video, I give an overview of ESG sustainable investing, detail the recent trends of impact investing in 2021, look into the performance of sustainable funds, and explain some... |