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4/6/2021

Energy Realism this past week focused on climate change policy and offered some bipartisan solutions, which are seemingly becoming much harder to come by. 

With the Biden administration locked-in on more electric vehicles and renewable power technologies, apparently at all costs, the amount of mining for critical materials that will be needed is often ignored. General James T. Conway and Thomas M. Conway argue that the need for copper, for instance, is already mounting way too fast. Copper recently shot above $9,000 per ton for the first time in almost a decade amid supply concerns. But the U.S. oil industry and conventional gasoline cars will hardly be going gentle into that good night. For example, electric car mandates ignore the fact that the oil industry is cutting its own emissions faster than critics want you to know. Paul Steidler reports that the ever-expanding world of “Big Data” will only continue to make “Big Oil” more sustainable.

And fortunately, there are some obvious areas where Republicans and Democrats can collaborate on improving our environment. Tom Dobbins wants us all to recognize the significance of aluminum recycling to our country’s future, and fast: consumer recycling rates have been plummeting. John Hayes therefore explains how we can fix our broken recycling system. Moerman et al. conclude by arguing that climate change actually offers Republicans an essential political opportunity, and those conservatives that focus on practical solutions will be the ones that rise to the top of the GOP. 

Essential Reading

Corporate Identity in Play: The Role of ESG Investing

John Gerard Ruggie, Harvard Kennedy School

This report sketches out the rise of ESG investing and its potential role in reinforcing corporate “repurposing.” While there are potential impediments to further ESG growth, there is a high-level convergence among private and public actors regarding issues that are of interest to ESG investors and companies seeking to improve their ESG scores.

In the News

Biden Uses Job Creation to Sell Green Energy Plan

Scott Detrow, NPR

No Silver Bullet on the Energy Issue

Ronald Stein, Eurasia Review

Facts, Not Unfounded Fears, Should Drive Policy on Methane Emissions

Tyler Corder, Texas Public Policy Foundation

Is the SEC Serious About Climate Change?

Michelle Leder, Bloomberg

Govt's — ‘Not BlackRock’ — Should Lead Us Past Fossils

Elliot Smith, CNBC

BlackRock Taps Obama Aide for Sustainable Investing

Ross Kerber, Reuters

Republican Senator Wants San Francisco Fed Documents on Climate and Social Work

Michael S. Derby, The Wall Street Journal

Investors BlackRock, Vanguard Join Net-Zero Effort

Ross Kerber, Reuters

NY Switch From Gas to Cost $25,000 Per Home

Menyae Christopher, Energy In Depth

Dems Aim to Undo Trump's Shareholder Rights Rule

Katanga Johnson, Reuters

Elon Musk Charming China With Praise for Climate Plans

Liza Lin, The Wall Street Journal

500 Experts to the UN: There Is No Climate Crisis

Mark J. Perry, AEI

Despite Net-Zero Pledge, China Burning Half of All Coal

Eamon Barrett, Fortune

Is Volkswagen the Next Tesla?

Jan-Patrick Barnert, Yahoo Finance

Greta Thunberg Rips Biden's Climate Policies

Jessica Chasmar, The Washington Times

Multimedia

Biden Unveils His $2.2T Infrastructure Package in Pittsburgh

Bloomberg Quicktake Now

Watch live as President Joe Biden unveils a $2.25 trillion U.S. infrastructure plan Wednesday, paid for by tax hikes on businesses, during a speech in Pittsburgh, Pennsylvania.

What They Don't Want You to Know About Electric Cars

Electroheads

Following on from his internet-breaking Dacia Spring video, Rich delves into another cheap and cheerful EV - and in doing so, unearths a (potential) global EV conspiracy. Sort of.  

ESG and Registered Funds: Increased Scrutiny on the Horizon?

KPMG

What are the top regulatory issues asset managers should think about when it comes to ESG and sustainable investing? Matt Giordano and Tania Carnegie break down why increased regulat...

ESG in Accounting & Finance

Big 4 Accounting Firms

In today's podcast we are going to be discussing the growing regulation and popularity of ESG standards. Are esg standards and investing becoming more popular or less popular? Do exe...

PwC US Chair Tim Ryan Discusses Remote Work Post-Covid, ESG Investing

CNBC Television

Tim Ryan, PwC U.S. chair and senior partner, joins 'Closing Bell' to discuss a new study that showed a majority of C-suite executives are actively investing in remote work post-Covid...

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