The federal environment minister denies he will implement a tax on pickup trucks proposed in the government’s emissions reduction plan, but a taxpayer advocate, opposition MP, and political scientist remain wary. The 2030 Emissions Reduction Plan recommends: “Broaden Canada’s existing Green Levy (Excise Tax) for Fuel Inefficient Vehicles to include additional ICE (Internal Combustion Engine)…
LA Takes Steps to Reach Net-Zero Emissions for City Buildings
March 22, 2022
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Los Angeles is taking steps to move toward net-zero carbon emissions—beginning with its own city buildings. Los Angeles City Council unanimously approved a motion on March 22 instructing city staff to look into switching city-owned buildings from gas-powered systems to renewable energy systems, and to evaluate potential costs and timelines to retrofit the buildings. City…
Net-Zero and ESG Are Worsening the Energy Crisis—and Weakening the West
March 18, 2022
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climate actionclimate changeenergy crisisenergy transitionESGfossil fuelsnet zeronet zero transitionnet-zero emissionsOpinionRenewable EnergyViewpoints
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Commentary The day after President Biden announced that the United States would ban imports of Russian oil and gas, a group of eleven powerful European investment funds that includes Amundi, Europe’s largest asset manager, outlined plans to force Credit Suisse, Switzerland’s second largest bank, to cut its lending to oil and gas companies. The juxtaposition of these two events…
Soaring Fertiliser Costs Add to Pressure on UK Food Prices
British Farmers are dealing with a perfect storm of historic high prices of fuel and fertiliser leading to fears of increased food prices and potential shortages. Potato farmer and independent agronomist from Lincolnshire, Mike Neaverson told The Epoch Times by email that he was covered for fertiliser this season “but many are not.” In the…
UK Using Behavioural Science Techniques To Nudge To Net Zero
With legally binding targets of reaching net-zero, the UK government plans on radically reducing carbon emissions by 2030. And in order to accomplish climate goals, such as phasing out petrol and diesel cars, gas boilers, and changes to diet, behavioural science is being used as a method to move the population towards everyday decisions that…
Net Zero, 100 Percent Putin
Commentary The French essayist of Romanian origin, Emil Cioran, once said that it was astonishing that no one had ever renounced his life because of the prospect of having a biography written about him. What he meant by this, of course, was that no one would want everything about himself to be revealed to others;…
Biden Slow-Rolling National Net-Zero Strategy—Because It’s Impossible
Commentary The advent of the Biden administration was supposed to signal a new era for climate policy. The bevy of climate executive orders issued during his first week in office—along with grandiose promises at the United Nations climate summit—seemed to support his campaign pledges. But now Biden is slow-rolling the release of his “national climate…
Push for Electrification to Reach Net Zero Means Large-Scale Mining, Greater Dependence on China: Experts
February 22, 2022
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Business & EconomyChinaChina Business & EconomyClimate PoliciescommoditieseconomyelectrificationGlobal ExpansionMarketsminingNational Securitynet zeroPolicies & ImpactsScienceScience NewsSpecial TopicsTech CompetitionUSUS FeaturesUS-China relations
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“Electrification” has become a watchword for the Biden administration, particularly as part of the push for net-zero emissions in the U.S. economy by 2050. In November 2021 remarks to GM CEO Mary Barra, for example, President Joe Biden credited General Motors with having “electrified the automobile industry”—a claim immediately questioned by Tesla Motors’ Elon Musk. The…
‘Environmental, Social, and Corporate Governance’ Scores Are Changing the Oil Industry
February 6, 2022
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Business & EconomyCarbonclimatecommoditieseconomic policieseconomyEnvironmentESGInternationalMarketsmicrosoftnet zeroNet Zero Banking AllianceOilPolicies & ImpactsRussiaScienceUSUS FeaturesWorld
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Environmental, social, and corporate governance—better known as ESG—is the order of the day in big business. According to its advocates, ESG rating provides investors with useful information on risks arising from climate change, pollution, and other environmental issues. Yet much of that information isn’t financially material. BlackRock, the world’s largest asset manager, notes on its…
Electric Heat Pumps May Fail to ‘Heat Homes Adequately’: UK Lawmakers
Electric heat pumps, a key element of the UK government’s plan to reach its net-zero climate target, may not be able to “heat homes adequately” if the homes are not sufficiently insulated, a parliamentary committee has suggested. The UK’s Climate Change Committee (CCC) projects that by 2050 all heating in British homes will be provided…
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