Energy Realism this past week focused on climate policy, the need for more natural gas and pipelines, and the warning signs from electricity problems in California and even Texas, where an immense subsidy program for renewables has distorted the market. Senior Fellow Rupert Darwall kicks us off by celebrating the 33rd birthday for global warming in politics, or the all-inclusive “climate change” as the term goes today. Joe Biden may have campaigned to restore U.S. climate leadership and rejoin the Paris agreement but the two in reality are contradictory. Following the Europeans down the dead end of a 30-year failed UN process hardly constitutes leadership. Indeed, based in Europe, Lucas Bergkamp and Katinka M. Brouwer know that climate change litigation pending before the European Court of Human Rights is designed to arouse extreme forms of judicial climate activism. The climate cases pose a serious threat to the rule of law and democratic politics. For example, the growing push against natural gas is especially short-sighted. Jude Clemente reports on the shale gas production boom in his home state of Pennsylvania, now closing in on Texas as the country’s largest gas supplier. There are numerous reasons why we should support even more gas flowing from The Keystone State. Stephanie Catarino Wissman agrees and explains how pipelines have been essential to Pennsylvania’s energy development and the nation overall. The recent ransomware attack on the Colonial Pipeline demonstrates how integral pipelines are to safely and economically moving our two top fuels, the oil and gas that meet 70% of America’s energy needs. Robert Bryce looks at the so-called leader on climate change: California, where blind climate policy is devastating the state’s power grid. Two clear energy trends are underway in California: soaring electricity prices and ever-worsening reliability – and both trends bode ill for the state’s low- and middle-income consumers. Bernard L. McNamee argues that California is actually just one of many states that need to overhaul their electricity market. Both California and Texas have faced drastic power problems over the past year alone, and we must pay attention to the warning signs in those places where reliability is quickly eroding. In the News Economic Times Reuters Eric Brandt, MarketWatch Al Jazeera Ezra Klein, The New York Times The Guardian Lorraine Woellert, Politico Bernice Napach, Think Advisor Bob Davis, The Wall Street Journal Jessica Camille Aguirre, The New York Times Atasu et al., Harvard Business Review The Guardian Jesper Starn, Bloomberg Yahoo Finance Hans Nicholas Jong, Mongabay Bloomberg Markets and Finance Jeff Currie, Goldman Sachs global head of commodities research, sees a lot of upside risk when it comes to oil prices and predicts $80 a barrel in the third quarter. He speaks with B... CNBC Television Francisco Blanch, head of global commodities and derivatives at Bank of America Merrill Lynch, joins ‘Closing Bell’ to discuss crude oil hitting $100 a barrel in 2022. IOSHchannel ESG in not a new concept or topic and certainly not for the audience who will be in this session. Many safety and risk professionals have been pushing the environmental safety and st... Simon Business School – University of Rochester The last few years have seen an increasing hype around sustainability and ESG (Environmental, Social, and Governance) investing. We have witnessed real change as some banks have stop... |