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8/31/2021

Energy Realism this past week focused on why President Biden’s energy-climate plans hurt the most vulnerable most, the exact opposite of what the administration is claiming. 

When it comes to President Biden’s hugely expensive infrastructure plan, Larry Behrens knows waste when he sees it. As a candidate, Joe Biden was the recipient of an unprecedented donation effort from Big Green. As president, he is now making sure his supporters are getting a solid return on their investment. The president’s climate obsession will undeniably bring higher cost energy. Just ask California and Europe. Robert Bryce confirms that such policies hurt lower-income Americans the most, namely communities of color. We simply must insist that all Americans have access to affordable and reliable energy.  RealClearEnergy offers up a Q&A with Rodney Sanders, Vice President of Velocity Telecom, on how his firm is helping all of us stay connected through the devastation of Covid-19. Mark Green says that such a domestic energy plan must begin with oil and gas, alreadying meeting 70% of our needs. 

Any claim that domestic climate action brings domestic climate benefits must be questioned: by definition, climate change is a global phenomenon and the U.S. accounts for a declining 13% of all CO2 emissions. Simply put, the world is far too poor to give up the affordable and reliable fossil fuels that supply nearly 85% of all energy. Tilak K. Doshi and C.S. Krishnadev look at the sad case of India, the largest most energy-deprived nation on the planet. Climate change models that purport to predict an impending apocalypse lack credibility in the eyes of many in the developing countries, where the real environmental problems are inherently associated with poverty and the lack of economic development. Joel Kotkin and Hugo Kruger realize that de-carbonization is a very dangerous plan to effectively power down the developing world. Good intentions with very cruel results.

Essential Reading

The Carbon-Neutral LNG Market: Creating a Framework for Real Emissions Reductions

Erin Blanton & Samer Mosis, Columbia Center on Global Energy Policy

As governments and companies consider options to decarbonize their energy systems, addressing greenhouse gas emissions from natural gas and liquefied natural gas (LNG) will inevitably become a greater concern. As seen with carbon-neutral LNG, it is in the gas industry’s best interest to go beyond the procurement of carbon credits to negate the emissions from gas and LNG.

In the News

We Need More U.S. Oil, Not an Import-More-Oil Strategy

Mark Green, RealClearEnergy

Blackrock’s Former Sustainable Investing Chief Now Thinks ESG Is a ‘Dangerous Placebo’

Silvia Amaro, CNBC

GM’s $1.8 Billion Chevy Bolt Recall Shows Why Automakers’ EV Rollouts Could Be ‘on Fire’

Robert Bryce, Forbes

Australia Is ‘More and More Isolated’ on Climate, Former EU Trade Commissioner Says

Katharine Murphy, The Guardian

Gazprom’s Nord Stream 2 Firm Loses Big Court Case

The Moscow Times

China Coal Approvals Seen Adding to Confusion on Climate Action

Dan Murtaugh, Bloomberg

Musk Turns on Tesla’s Latest Full Self-Driving Beta, Says It’s “Actually Not Great”

Tim De Chant, Ars Technica

‘A Combination of Failures:’ Why 3.6m Pounds of Nuclear Waste Is Buried Under a Popular California Beach

Kate Mishkin, The Guardian

Climate Is an Infrastructure Problem – Map of EV Chargers Shows Why

Paul N. Edwards, The Conversation

CBS News Blames the Reemergence of the Taliban on 'Climate Change'

Nick Monroe, The Post Millennial

China Still Planning Over 100 GW of New Coal Projects - Greenpeace

David Stanway, Reuters

Renewable Energy Transition Faces Roadblocks in New Mexico

Rick Ruggles, Santa Fe New Mexican

What a Changing Population Means for U.S. Politics

Mike Bebernes, Yahoo News

California to Open 5 Gas Plants to Avoid Blackouts

Shelby Bracho, FOX26 News

Coal is Back… For Now

Hoppy Kercheval, Metro News

Multimedia

Gavin Newsom Has Done 'Horrific' Job in California: Ingraham

Fox News

Laura Ingraham weighs in on the Afghanistan conflict and Newsom's recall effort on 'The Ingraham Angle.'

Oil Demand Is Reverting Back to Pre-COVID Times: Vandana Insights CEO

Yahoo Finance

Vandana Hari, Vandana Insights Founder & CEO, joins Yahoo Finance Live to discuss why an oil prices have recently rebounded amid the pandemic as well as weigh in on the outlook for C...

What ESG Investing Popularity Says About Market Trends

Elliott Wave International

ESG debt -- or debt for Environmental, Social and Governance initiatives -- is hot. This year alone, ~$50 billion worth of ESG debt has been sold in Europe alone. But remember that t...

The Best ESG Companies! (And How to Find ESG Stocks)

The ESG Investor

Finding sustainable companies and good ESG stocks can be hard. Well, Corporate Knights has made finding ESG stocks a lot easier. Each year Corporate Knights publishes a list of the t...

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