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8/12/2020

Over the past week or so, RealClear’s Energy Realism page has centered on Joe Biden’s policy proposals, the effect of stringent “green” policies on those of modest means, and the need for an open energy and climate debate.

Oliver McPherson-Smith pushes back on the lack of detail in Joe Biden’s energy and climate blueprint. The former vice president is expressing “environmental sweet nothings” lacking all substance. We do know, however, that Biden wants expensive incentives for the construction of a huge fleet of electric cars. Andrew F. Quinlan examines the absurdity of such financial support from taxpayers, which will only serve to line the pockets of billionaires—namely, Elon Musk and his ever-expanding Tesla empire.

National talk on energy and climate continues to ignore the negative impact of aggressive green policies on the most vulnerable. Joel Kotkin reports how California’s new electrification mandate for trucks will threaten working-class jobs and widen income inequality. Californians are already burdened with the nation’s highest energy prices. Robert Bryce notes that New York governor Andrew Cuomo’s energy appointees are completely ignoring local opposition to land-devouring renewable energy projects. But the governor’s Big Wind dreams may be derailed—ironically enough—by opposition from a traditionalist, anti-technology community: the Swartzentruber Amish.

Honest public debate about energy and climate discussion continues to elude us during this election season. Brian Maloney analyzes Big Tech’s blocking of free speech on climate science. Ben Pile claims that the views of an entire generation are now being shaped by “ecological propaganda.” Thankfully, Carrie Weisman notes some good news: the U.S. shale industry could emerge even more resilient from these difficult times—and that’s vital, since shale now supplies over 80% of U.S. oil and natural gas. 

In the News

I Was Invited to Testify on Energy Policy. Then Democrats Didn’t Let Me Speak

Michael Shellenberger, Quillette

Air Pollution Worst in US Communities of Color

Emily Holden, The Guardian

Critic of Gov't Subsidy, Tesla Helped by Covid-19 Aid

Alan Ohnsman, Forbes

Activists Push NJ to Divest From Fossil Fuels

John Reitmeyer, NJ Spotlight

Sustainable Funds Must Vet Their Investments

Sarah O'Connor, Financial Times

Analysis of Proxy Advisors’ Recommendations

Kyle Isakower, Harvard Law School Forum on Corporate Governance

State Street Lashes Out at New ESG Rule

Attracta Mooney, Financial Times

New Proxy Voting Rule Protects Everyday Investors

Tom Giovanetti, The Washington Times

Fossil Fuels Stocks Give Leverage

Joe Mahoney, Press-Republican

BNP Paribas Issues Australia's First Climate-Linked Bond

Paulina Duran, Reuters

Preparing for a Capitalism Reset

Terry F. Yosie, GreenBiz

NYC Sees 4.4% Pension System Return for Fiscal Year

Robert Steyer, Pensions & Investments

SoCalGas Sues California Over Climate Policy

Sammy Roth, Los Angeles Times

Investors Launch Climate Plan for Net Zero by 2050

Simon Jessop, Yahoo Finance

BP Wants to Become the Largest Renewables Producer

Adele Peters, Fast Company

Multimedia

BlackRock Bottom Line: Sustainable Investing: Resilience Amid Uncertainty

BlackRock

Why have investors looked to sustainability during the downturn? In the latest episode of BlackRock Bottom Line, Brian Deese, Global Head of Sustainable Investing, explains.

The Campaign to Silence Climate Debate on Facebook: Interview of the CO2 Coalition's Caleb Rossiter

Alex Epstein's Improve the Planet

On this week's Power Hour Alex Epstein interviews Dr. Caleb Rossiter, Chairman of the CO2 Coalition. There is an active campaign, led by billionaire anti-fossil-fuel activist Tom Ste...

California's Energy Nightmare, "Energy Privilege," and Resisting Oppression

Alex Epstein's Improve the Planet

On this week's Power Hour, Alex Epstein interviews Ron Stein, author of Energy Made Easy and Just Green Electricity, about the decline of California's energy system.

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