Amalgamated Bank, with just five branches across three cities, and a market value lower than the net worth of many an individual hedge fund honcho, would seem an unlikely mover and shaker in the world of Wall Street, let alone Washington, D.C. Yet last fall, it successfully pressured colossal credit card companies Visa, Mastercard, and…
The Left’s Little Financial Engine That Could (Change the World Radically)
February 9, 2023
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Sunshine Might Be Free but Solar Power Is Not Cheap
Commentary Mississippi residents are consistently told that renewable energy sources, like solar panels, are now the lowest-cost ways to generate electricity, but these claims are based on creative accounting gimmicks that only examine a small portion of the expenses incurred to integrate solar onto the grid while excluding many others. When these hidden expenses are…
Do Chinese Donations Explain Biden’s Energy Policies?
January 19, 2023
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ChinaChinese Communist Partyclimate changeElectric VehiclesEnergy Policiesenergy transitionESGEVsfossil fuelsglobal warminggreen energyHunter BidenJoe BidenOpinionThinking About ChinaU.S. economyViewpoints
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Commentary With reports that classified documents were found at the Penn Biden Center for Diplomacy and Global Engagement at the University of Pennsylvania, questions arise about the potential connection between the university’s receipt of $54 million in Chinese donations and President Joe Biden’s promotion of energy policies that are strengthening China’s economy at the expense…
Biden Admin Finally Admits Its Mistake in Canceling the Keystone XL Pipeline
January 19, 2023
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biden administrationclimate changeenergy pricesenergy transitionfossil fuelsglobal warminggreen energygreen new dealinflationInflation Reduction ActKeystone XL pipelineOpinionrecessionU.S. economyViewpoints
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Commentary At long last, the Biden administration is admitting what experts have always known: reckless energy policies have disastrous consequences. This time, the Department of Energy quietly released a report highlighting the positive economic benefits of developing the Keystone XL pipeline from Canada, an energy project canceled by President Biden in the hours following his inauguration. But the…
They Are Coming for Your Gas Stove
January 10, 2023
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Commentary Are you catching on yet? There are people out there who want to dismantle civilization just for the heck of it. The latest thing on the chopping block is the gas stove. The Biden administration’s Consumer Product Safety Commission has floated the idea of a national ban on them based on some cockamamie study…
2022: The Year ESG Fell to Earth
Commentary The year 2022 brings an end to an era of illusions: a year that saw the end of the post–Cold War era and the return of geopolitics; the first energy crisis of the enforced energy transition to net zero; and the year that brought environmental, social, and governance (ESG) investing down to earth with…
ESG RIP: Review of Terrence Keeley’s ‘Sustainable,’ Part 2
December 16, 2022
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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…
Solar’s Lofty Ambitions Are Consuming Ever-Larger Expanses of Land Down Below
December 9, 2022
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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…
Joe Biden’s ‘Alternative Energy’ Fantasy
November 19, 2022
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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…
Why International Climate Summits Are Doomed to Fail, Part 2: Upward Mobility for Poor Depends on Energy
November 6, 2022
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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…
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