Energy Realism this past week focused on overbearing and ineffective climate solutions and a huge opportunity for the U.S. Congress to reshore manufacturing. Henrique Schneider reports on the recent tax pushback in Switzerland, a leading “climate conscious” country. It is very telling that the Swiss people rejected a new climate law by a majority vote of 51.6%. The meaning of this result is clear – but apparently, to Swiss eyes only: international observers got it completely wrong. Perhaps even worse than destructive climate taxes, Steve Milloy exposes Norway’s carbon offset program. A basic problem with carbon offsets is that purchasers are buying them for emissions being emitted now, but CO2 storage would only happen much later because trees take a long time to grow. While climate litigation and carbon offset programs are not real climate solutions, solar power is surely a growing resource. Jeff Ferry argues, however, that the U.S. is wasting a critical opportunity by allowing China to control the global supply chains. This dominance even includes the repugnant use of forced labor in Xinjiang, which has helped China to produce much of the world’s polysilicon—an essential input for solar cells. Washington must decide whether solar power will come from American companies and workers or from the oppressive Chinese Communist Party. Essential Reading Michel et al., The Heritage Foundation The Biden administration’s objective to “combat” climate change through financial regulation is a bad idea. Such regulations on American business, and thus consumers, will have little impact on climate change, but will raise costs, create barriers to entry, and reduce productivity, among other negative consequences. In the News Jude Clemente, Forbes Dave Merrill, Bloomberg William Allison, Energy In Depth Tim Quinson, Bloomberg Angela Dewan, CNN Trent Baker, Breitbart Regina Henkel, ISPO Monique Jozwiakowski, Rigzone Fiona Reynolds, The Hill Andrew Ramonas, Bloomberg Law Myles McCormick, Financial Times Bernard L. Weinstein, The Hill Paul R. La Monica, CNN Hellenic Shipping News Charles Gasparino, New York Post The White House President Biden delivers remarks on the bipartisan infrastructure deal. Lesics Electric cars are making big waves in the automobile world. These noise-free, pollution-free and high-performance vehicles are expected to make their I.C. engine counterparts obsolet... CNBC Television Engine No. 1 CEO Jennifer Grancio and DWS Group's Head of Systematic Investment Solutions for the Americas, Arne Noack, share their predictions for how ESG (environmental, social and... Yahoo Finance John Hoeppner, Head of U.S. Stewardship and Sustainable Investments at Legal & General Investment Management America, joins Yahoo Finance Live to discuss why the company is dropping ... |