Woke Funds in China and Europe Invest in Fossil Fuels and Slave Labor

Investment groups in China and Europe intended to promote climate-friendly and social justice-related causes are funneling money into fossil fuel projects and companies associated with slave labor, a Bloomberg investigation found Tuesday.

China’s allegedly climate-sustaining investments have ballooned in the past couple of years since the Chinese government claimed they align with Beijing’s political agenda to revitalize rural labor, raise the nation’s prosperity and achieve carbon-neutral status, Bloomberg reported. However, ESG investors have stretched the definition of “Environmental, Social and Governance” investing to encompass investments in coal companies and firms tied to human rights violations in the Xinjiang province.

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Natural Gas Prices Hit 14-Year-High After Biden Signs Dems’ Climate Bill into Law

The price of U.S. natural gas futures reached its highest point since 2008 as gas demand continues to spike amid the worldwide energy crisis and the passage of the Democrats’ climate bill, according to The Wall Street Journal.

Natural gas futures for November, December and January each surpassed $10 per million British Thermal Units (BTUs) on Monday, reaching highs that have not been seen since 2008, according to the WSJ. High prices are largely due to the strong demand for gas in Europe amid uncertainty surrounding Russian natural gas flows, the WSJ reported; furthermore, the Democrats’ new climate bill includes regulations that will hike expenses for natural gas producers.

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Commentary: Joe Biden’s War on Fossil Fuels

Try as they might to mitigate the severe energy crisis plaguing the U.S., the Biden administration’s attempt to shore up supply is a few wellheads short of an oil rig.

With gasoline prices averaging over $4.60 per gallon and several electric grid operators warning of rolling blackouts, increasing the supply of America’s most critical energy sources is vital. Fossil fuels account for 80% of America’s energy usage, yet the administration is intent on curbing oil and gas supply, cutting gasoline refining capacity, and making it more challenging to meet rising electric demands.

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Green Activists Are Using Business, Bypassing Congress to End Fossil Fuels

Without sufficient support in Congress and state legislatures to pass sweeping green energy measures, environmentalists are now targeting the oil and gas industry through a financial movement that pressures companies to support liberal policies, according to critics.

“ESG promotes and implements policies through private businesses that could be adopted through a legislative process,” said Utah Treasurer Marlo Oaks. “The Green New Deal didn’t make it through Congress, so its proponents shifted the battlefield to the capital markets.”

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Commentary: Shifting Natural Gas and Oil Jobs to the Renewables Sector Isn’t So Simple

Within hours of taking office on January 20, 2021, President Joe Biden signed an executive order cancelling the cross-border permit for the Keystone XL pipeline as part of a plan to phase out natural gas and oil, eliminating thousands of family-sustaining jobs. At the same time, the Biden administration promised plenty of “good-paying” positions would be available in the renewable energy sector.

But the reality is that natural gas and oil jobs don’t easily transfer to the renewables sector, as a new analysis by Cicero, in coordination with North America’s Building Trades Unions (NABTU) and American Petroleum Institute (API), shows.

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‘Reckless Decision’: Biden Administration Adds Climate Roadblocks for Future Pipelines, Energy Projects

The Biden administration altered the official federal policy on approving new interstate natural gas facilities and pipelines, requiring a climate consideration.

The Federal Energy Regulatory Commission (FERC) announced that it will begin to “undertake a robust consideration” of the environmental justice impacts of such fossil fuel projects before granting approval, according to a fact sheet published Thursday. The agency, which is the top regulator of domestic natural gas infrastructure, said its new policy will presume projects that cause 100,000 metric tons of carbon dioxide per year will have a significant impact on the environment.

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Commentary: Be Grateful for Global Warming

"It's not easy being green" sign in the middle of a crowd

Present-day warming has been termed a crisis, and modern economic development a cancer. But what if I told you that much of the recent advancement in human prosperity would have been impossible without the temperature increases of the last several hundred years?

A key to the sustenance of any society is food security. Today’s world should be grateful for today’s relative warmth as well as higher levels of atmospheric carbon dioxide levels because both have been instrumental in propelling plant growth globally.

A review of human and climate history reveals a strong link between the rise and fall of temperature and the rise and fall of civilization—just opposite of what the climate doomsayers are telling you.

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Commentary: Climate Industrial Complex Left Clueless as Fossil Fuel Usage Increases

It has been a little more than a month since the United Nations climate meeting at Glasgow, yet global use of fossil fuels has increased rapidly.

For instance, U.S. President Joe Biden cancelled domestic oil projects and vowed to stop funding for international fossil fuel projects. But as fuel prices rose, Biden responded to his self-induced energy insecurity by releasing 50 million barrels of oil reserves and even called for an increase in domestic oil production.

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‘No Interest in Fossil Gas’: Green Group Takes over Global Fracking Company

A prominent U.K. green energy group took over a firm dedicated to fracking for natural gas, vowing to halt all fossil fuel production and cancel further development, The Guardian reported.

The North Yorkshire-based firm Third Energy, which has been a major producer of natural gas in the U.K for decades, was acquired by Wolfland Group, a company that develops renewable energy solutions across the nation, The Guardian reported. Third Energy will now be led by Wolfland director Steve Mason, a prominent anti-fracking activist.

“The current energy crisis has shown that we must be energy independent as a nation and that fossil fuels need to be urgently replaced by clean renewable energy supplies, which will lead to cheaper energy and help us tackle climate change,” Mason said, according to The Guardian.

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