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8/19/2020

There have been two general themes at Energy Realism over the past week. First, the climate policies of California are always of high interest because some politicians continue to erroneously cite them as a model for the rest of the country. Next, the energy transition to a decarbonized complex hides a number of inconvenient realities that advocates seem unwilling to talk about. All is not lost, however, as there are a few less painful ways to “go green.”

Gautam Kalghatgi follows up on a recent RealClearEnergy article from Joel Kotkin by analyzing California’s recent mandate to fully electrify the state’s medium- and heavy-duty trucking fleet by 2045. While electric passenger cars are more or less practical, the problems of very high weight, restricted range, and long charging time render electric trucks prohibitive. Staying in the Golden State, Robert Bryce argues why natural gas will remain an essential fuel for decades to come. The banning of low-cost gas in new buildings and home construction will therefore only make energy much more expensive, exacerbating California’s poverty problem.

It becomes clear then, that policies pushing much more electric transport and wind and solar energy hide large-scale issues that cannot simply be wished away. Daniel Turner examines how green energy technologies require a domestic mining boom to yield the rare materials that comprise them. If not, we could just be helping to transfer trillions of dollars into the hands of Chinese Communist Party. Mark Mills offers a similar reality check in his new report, calculating the immense scale of natural resources required for a clean energy transition, highlighting the necessity to consider the entire life-cycle of “green” energy. Thankfully, there is a much more practical way to improve the environment. Katherine Lugar & Darrel Collier promote education on recycling and the need to create a truly circular economy.

In the News

Shell Signs Charters for 6 Newbuild LNG Carriers

Jason Jiang, Splash247

Sustainable Investment Funds Surpass $1 Trillion

Sam Meredith, CNBC

Lobbying for Russian Pipeline Spikes in Washington

Timothy Gardner, Reuters

Climate Litigation Tries New Strategy, Branding

William Allison, Energy In Depth

Investors See Sense of ESG During Pandemic

Ed Monk, Fidelity International

New Rules for Proxy Advisors Will Help Voting Responsibilities

Ed Hirs, Forbes

SEC Roundtable: “Emerging Markets, Including China”

Grabar et al., Harvard Law School Forum on Corporate Governance

Pandemic Galvanizes Money Managers on Climate

Kristoffer Tigue, KQED

ESG Screens Provided No Protection in Virus Sell-Off

Billy Nauman, Financial Times

UK Pensions: Ban on Petrol, Diesel, Hybrid Cars by 2025

Reuters

Elon Musk Making Millions From the Military

Andy Pasztor, The Wall Street Journal

Enviros Should Embrace Pipelines, Not Cancel Them

Tyler Corder, Bloomberg Law

Strict New Fiduciary Rule Coming Sooner Than Expected

D. Korth, Nasdaq

North American Funds Aggressive on Climate Change

Hazel Bradford, Pensions & Investments

DOL Proposal Puts Workers First for Retirement

Patrick Pizzella, Think Advisor

Multimedia

Joe Biden's Failure on Climate Change

The Young Turks

Joe Biden is going centrist on climate change. Cenk Uygur, Ramesh Srinivasan, and Brooke Thomas, hosts of The Young Turks, break it down. 

Oil & Gas 2050 - Innovation & Sustainability

Society of Petroleum Engineers

This #SPElive #SPEGaiaTalk provides a lively look at #oilandgas and the #EnergyTransition. Guests include leaders from NOV, Rice University's Baker Institute, Cheniere Energy and Shell.

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