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10/19/2021

Energy Realism this past week focused on ESG failures and the reality of more oil and natural gas. 

Once again, Senior Fellow Rupert Darwall exposes the ESG scam. It really is a dangerous situation when you seek to drastically curtail the option for low-cost and reliable sources of energy: the oil, coal, and gas that supply 85% of the world’s energy. Government climate policies for huge amounts of “renewables,” such as biofuel mandates, help drive up the cost of energy and food. So do non-commercial ESG decisions made by business and Wall Street. With Glasgow and COP26 just weeks away, Kevin Mooney asks why some of the oil and gas companies, along with their lobbyists, are supporting carbon taxes. No, such positions will not stop more regulation, and it will not turn enemies into friends. More wisely, ExxonMobil demonstrates how oil and gas remains committed to combatting climate change by creating market incentives that is cutting a path toward sustainability.

The obsession with wind and solar power is particularly concerning: they are obviously less reliable and not nearly as “cheap” as proponents like to claim. As Americans face soaring prices at every turn, Oliver McPherson-Smith confirms that President Biden must pump the breaks on his punishing policies. To make matters worse, increases in the price of essentials are particularly regressive – meaning that poorer families spend a much greater share of their income on them than their wealthy counterparts. RealClearEnergy thereby wants to highlight a recent Forbes article from Jude Clemente. A reality check for the anti-fossil fuel movement: President Biden’s own Department of Energy models that oil and gas will not just remain vital but will actually significantly increase in demand – both in the U.S. and around the world. The need for more oil and gas is a fact, not coming from the Sierra Club or ExxonMobil but coming from our own national forecast.

In the News

Will the Energy Crisis Be ESG’s Great Reset?

Richard Morrison, National Review

Norwegian Wind Farms Violate Rights of Sámi, Says Court

Euronews

Amid the Petrol Crisis, Is It Time to Switch to an Electric Car?

Shane Hickey, The Guardian

Charging an Electric Car: Your Questions Answered

Rachel Wait, Forbes

Climate Summit Chief Sets up Fight Over Paris Agreement’s Goal

Karl Mathiesen, Politico EU

Russia's Energy Influence in Europe Is Growing

Haley Zaremba, Oil Price

China Backpedals On Climate Commitments

Irina Slav, Oil Price

Companies Under Pressure to Disclose More Information to Investors

Kia Kokalitcheva, Axios

Gas Prices Have More Than Tripled in the Last 18 Months, and Will Rise More

Chris Morris, Fortune

Train or Plane? The Climate Crisis Is Forcing Us to Rethink All Long-Distance Travel

Simon Jenkins, The Guardian

‘No Single Company Can Address the Climate Crisis Alone:’ Biz Leaders on Why Co-Operation Is Critical

Anmar Frangoul, CNBC

U.S. Coal Use Is Rebounding Under Biden Like It Never Did With Trump

Will Wade, Bloomberg

Biden’s Environmental Plans Aren’t Serious Solutions

Kat Dwyer, National Review

‘Tis the Silly Season With a Looming Winter of (Energy) Discontent

Tilak K. Doshi, Forbes

Kelly Evans: Nat Gas Is the New Oil

CNBC

Multimedia

Climate Action Tracker: The State of the Climate Crisis in 2021

TED

2021 is a critical year for climate change. According to the Paris Climate Agreement, governments must decide now on how to reduce the amount of carbon they pump into the atmosphere ...

Undersupply of Natural Gas, Oil All 'Man-Made' Due to Policy

CNBC Television

Harold Hamm, Continental Resources founder & chair, joins 'Power Lunch' to break down the outlook for the energy sector and where his company sees opportunity.

ESG, Crypto, and Fixed Income Themes Stand Out Amid Record ETF Launches

CNBC Television

Todd Rosenbluth, senior director of ETF and mutual fund research at CFRA Research, and Jan van Eck, CEO of Van Eck Associates, talk some recent thematic ETF launches. With CNBC's Bob...

Kevin O'Leary: Government-Mandated ESG Causes Market Distortions

CNBC Television

Jonathan Bailey, head of ESG investing at Neuberger Berman, and investor and venture capitalist Kevin O’Leary join CNBC's 'Squawk Box' to discuss ESG investments. 

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