Tag: global warming

ESG RIP: Review of Terrence Keeley’s ‘Sustainable,’ Part 2

ESG investment strategies can see investors giving up financial returns for no societal gain. In the second of his four part review of Terrence Keeley’s Sustainable, Rupert Darwall explores the implications of investment theory for ESG artificially constraining investment opportunities; the risks of regulators worsening an already inflated ESG bubble; and the distortions that arise…


ESG Funds Use Financial Strong-arming and Thuggery CCP Style

Commentary There’s no such thing as blue money or red money. Only the green stuff will pay bills. Friday, North Carolina State Treasurer Dale Folwell became the latest of many officials from nearly half the states across the United States—including Florida, Texas, Kentucky, Missouri, Arizona, and West Virginia—to protest Wall Street’s blue investment strategy, also…


ESG RIP: Review of Terrence Keeley’s ‘Sustainable,’ Part 1

Commentary ESG has its origins in a speech by U.N. secretary-general Kofi Annan at the Davos World Economic Forum in 1999. In the first of this four part review of Terrence Keeley’s “Sustainable: Moving Beyond ESG to Impact Investing,” Rupert Darwall shows how this created ESG’s dual mandate that accounts for its success—and its unsustainability…


Solar’s Lofty Ambitions Are Consuming Ever-Larger Expanses of Land Down Below

Wedged in the southern flank of Virginia, Charlotte County is home to some 11,500 people who live amidst rolling hills and family farms, pastures and sawmills, a historic Civil War battlefield, and four townlets tinier than many suburban subdivisions. But this pastoral tableau will be swept up in the green revolution when construction begins here on…


The War on Coal

Commentary On Nov. 25, the Land Court of Queensland rendered judgement in Waratah Coal Pty Ltd v Youth Verdict Ltd and blocked Waratah Coal’s thermal coal project on the grounds of climate change and human rights concerns. This 372-page judgement is important because it considers the alleged effects of the exportation of coal on climate change…


A Little Learning on Methane and Climate Change

Commentary Before leaving for a week of virtue-signaling at the COP27 climate conference with other world elites, President Joe Biden would have done well to reread Hans Christian Anderson’s story “The Emperor’s New Clothes.” “In the great city where he [the Emperor] lived, life was always gay,” Anderson wrote. “Every day many strangers came to…


New Congress Should Empower People—Not Politicians—for Environmental Results

Commentary As Republicans expand their power in Congress, high on their agenda should be a change in the country’s approach to environmental stewardship. The new strategy cannot simply be a less oppressive form of the Left’s approach. Conservative voters would reject that, and it is ineffective. Republicans should work to shift the focus of environmental…


Joe Biden’s ‘Alternative Energy’ Fantasy

Commentary “Look, kiddo, I want you to look at my eyes. I guarantee you. I guarantee you. We’re going to end fossil fuels.” Joe Biden, 2019 We energy realists knew that all this was inevitable, although it might have come about even faster than we expected. A historic energy crisis is the only possible result of spurning…


America Was Built on Coal. Now Biden Wants to Abolish It

Commentary The one promise that President Joe Biden has faithfully kept is his pledge to “close down” fossil fuels. We get two-thirds of our energy in America from fossil fuels, and almost one-third of our power comes from coal. That’s quadruple the amount of energy we get from wind and solar, which are niche forms…


Why International Climate Summits Are Doomed to Fail, Part 2: Upward Mobility for Poor Depends on Energy

Commentary Here’s a reality-framing statement for the roughly 190 countries headed to the COP27 climate summit in Egypt that opens on Sunday: Global carbon dioxide emissions in 2022 appear to be higher than pre-pandemic levels, again, and yet, according to the U.N., greenhouse gas emissions must be reduced 43 percent (relative to 2019 levels) by 2030. Why is the…