News Analysis Two years ago, efforts by climate activists and Environmental, Social, and Governance (ESG) investors to block investment in oil and gas production by Western companies appeared to have received a seal of approval from no less an authority than the International Energy Agency (IEA), when it published “Net Zero by 2050: A Roadmap for…
EPRINC Report Shows That IEA Net Zero Roadmap Is a Green Mirage
June 22, 2023
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Energy Security at Risk as UK Set to Miss Net Zero Green Electricity Target, Say MPs
Britain’s energy security is at risk as the country is on track to fail to meet its targets to generate all of its electricity without burning gas by the middle of next decade, MPs have warned. In its “Net Zero Strategy” published in October 2021, the UK government set an ambition for all electricity generation…
Update: World Not Following California on Decarbonization
April 20, 2023
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Commentary California keeps barreling ahead—in an electric vehicle, of course—pushing “decarbonization.” The Sacramento Bee headlined April 19, “Climate bills on fossil fuel divestment, emissions disclosure make headway.” But what’s the rest of the world doing? Everybody knows it’s dangerous to depend on Communist China for all those lithium batteries powering the decarbonized economy. Bloomberg reported…
Decarbonization Campaign Will Raise Flight Costs for Consumers, European Air Travel Experts Warn
April 17, 2023
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Commercial aviation industry members in Europe are expecting the costs of air travel to rise amid a campaign to transition away from fossil fuels. European airline industry members are aiming to reach net-zero aviation carbon emissions over the next 27 years as part of a plan called Destination 2050. The carbon-reduction effort is largely centered…
Brecon Beacons National Park Changes Name as ‘Giant Burning Brazier Is Not a Good Look’
The Brecon Beacons National Park in Wales has changed its name, which its management says goes against the climate-friendly ethos of the park. On Monday, the park formally dropped its well-known English name in favour of the Welsh name of Bannau Brycheiniog National Park, or the Bannau for short. Bannau is the Welsh plural for…
Los Angeles Supports Electrifying Buildings, Banning Sale of Styrofoam
November 9, 2022
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LOS ANGELES—The city council indicated support Nov. 9 for requiring all new buildings to be fully electrified, with a few exceptions. The council voted for the city attorney to present an ordinance on Jan. 1 requiring the decarbonization of new buildings through electrification, except for accessory dwelling units, commercial kitchens, and cooking facilities. Under the…
Joe Biden’s Energy Crisis
Commentary The West is experiencing its third energy crisis. The first, in 1973, was caused by the near-quintupling of the price of crude oil by Gulf oil producers in response to America’s support for Israel in the Yom Kippur war. Their action brought an end to what the French call the trente glorieuses—the unprecedented post–World…
Electric Vehicles ‘Laughable’ Proposition for at Least a Decade: Expert
September 27, 2022
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Business & Marketsdecarbonizationeconomic policieseconomyelectric vehicle (EV)energyGlobal Supply Chain CrisisLithium SupplyRenewable EnergyUSUS News
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Geopolitical strategist Peter Zeihan has dismissed the possibility of electric vehicles (EVs) going mainstream in the next 10 years owing to limitations on materials and unresolved supply chain issues. “The lithium comes from one place, and it’s all processed in China. So, just building the alternate processing infrastructure … and by the way, we have…
Austraian Iron Ore Magnate Andrew Forrest Pushes for New ‘Decarbonisation’ Plan
September 20, 2022
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Australian iron ore billionaire Andrew Forrest has announced a $9.2 billion (US$6.1 billion) plan to “eliminate” his mining empire Fortescue’s “fossil fuel risk profile” in a bid to gear up for the renewable shift amid concerns that the new processes will impact low-quality iron ore, coal steel and zinc supply chains. Forrest announced his company’s “decarbonisation…
Australian Iron Ore Magnate Andrew Forrest Pushes for New ‘Decarbonisation’ Plan
September 20, 2022
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Andrew ForrestAustraliaAustralia renewablesBusiness & Marketsclimate changecoaldecarbonizationenergyfossil fuelWorld
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Australian iron ore billionaire Andrew Forrest has announced a $9.2 billion (US$6.1 billion) plan to “eliminate” his mining empire Fortescue’s “fossil fuel risk profile” in a bid to gear up for the renewable shift amid concerns that the new processes will impact low-quality iron ore, coal steel and zinc supply chains. Forrest announced his company’s “decarbonisation…
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