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 Richard Morrison, National Review Euronews Shane Hickey, The Guardian Rachel Wait, Forbes Karl Mathiesen, Politico EU Haley Zaremba, Oil Price Irina Slav, Oil Price Kia Kokalitcheva, Axios Chris Morris, Fortune Simon Jenkins, The Guardian Anmar Frangoul, CNBC Will Wade, Bloomberg Kat Dwyer, National Review Tilak K. Doshi, Forbes CNBC 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 ... 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. 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... 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. |