News Analysis The Chinese regime and the United States agreed to work together to address climate change, in a surprise announcement on Nov. 10 at the COP26 climate summit in Glasgow. In a joint statement, the world’s top two greenhouse gas-emitting countries declared their intention to cooperate by reducing methane emissions, protecting forests, and phasing…
Two Democrats Try to Sink Powell’s Renomination Over Reluctance to Use Fed to Fight Climate Change
Two Democrat senators have launched a last-minute bid to sink the potential renomination of Federal Reserve Chair Jerome Powell for another term due to the Trump-appointed policymaker’s reluctance to use the central bank’s tools to fight climate change. Sens. Sheldon Whitehouse (D-R.I.) and Jeff Merkley (D-Ore.) urged President Joe Biden not to reappoint Powell, saying…
Facebook Comes Under Scanner for False Climate Ads
Facebook rebranded Meta Platforms Inc. advertisers promoted false and misleading claims about climate change on the platform in recent weeks, just as the COP26 conference was getting underway, Reuters reports. The conservative media network Newsmax ran an ad on Facebook that called the man-made global warming a “hoax.” The ad, which had multiple versions, garnered…
US ‘Must Not Emulate Europe’s Disastrous Energy Blueprint’: Expert
Energy expert Robert Bryce said spiking energy prices in Europe are tied to an increased reliance on renewables and lowered investments in fossil fuels, arguing that the continent’s green policies provide the United States with a clear example of what not to do. Bryce, who made his remarks in testimony to the Senate Committee on Energy…
Texas Company Proposes Massive CO2 Capture Pipeline In Midwest
A Texas-based company wants to build a large-scale carbon capture system across five states in the Midwest to help its customers reduce their greenhouse gas emissions. Navigator Heartland Greenway, of Dallas, announced it had entered into contracts with two industry affiliated companies to begin site development for the proposed multi-billion dollar pipeline project. A series…
COP 26: It’s Time for the Make-Believe to Stop
Commentary The first snowfall in Ottawa accompanies news that the great climate change conference in Glasgow, COP26, succeeded brilliantly in kicking the can down the road. Hooray. After all, we have all the time in the world, right? Guys? John Kennedy once cited an “old saying” that “victory has a hundred fathers and defeat is…
If China Cares About the World’s Forests, Then Why Is It Destroying Them?
Commentary More than 100 world leaders recently committed to put an end to deforestation by the end of the decade. China was one of the countries promising to save the world’s forests. Are we witnessing a new, climate-conscious China? Does Xi Jinping really care about the trees? Well, the answer to both questions, not surprisingly,…
After Glasgow, 1.5 Is Dead—Get Over It
Commentary The Glasgow climate conference represents a strategic defeat for the West, and for Britain in particular. Boris Johnson unleashed everything he could muster. The royal family hosted receptions for multibillionaires. The Foreign Office sent climate envoys around the world. Glasgow would show the world that Britain could outdo France’s performance six years ago at…
Oil and Gas Will Be in the Energy System ‘For Decades to Come’: BP Chief
Oil and gas will continue to play an ongoing role in the global energy system for decades, BP’s Chief Executive Bernard Looney said Monday. While the British multinational oil and gas company has committed to become a net-zero company by 2050 or sooner in an effort to tackle climate change, and is actively focusing on reducing emissions, the…
Net Zero and Green Financial Repression
Commentary So far, the big message from the Glasgow climate conference is the role of finance in decarbonizing the global economy. It’s a dangerous development. In his speech to the twenty-sixth Conference of the Parties (COP26) last week, Britain’s Chancellor of the Exchequer, Rishi Sunak, pledged action to “rewire the entire financial system for Net Zero.” Finance…
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