Net Zero Archives - The Connecticut Star

Commentary: The Biden Administration Misleads the Public on the Vast Expanses of Land Needed for ‘Net Zero’

September 13, 2023 RealClearWire

The Biden administration is misleading the country about the amount of land that will be required to meet its ambitious renewable energy goals, RealClearInvestigations has found.

The Department of Energy’s official line – echoed by many environmental activists and academics – is that the vast array of solar panels and wind turbines required to meet Biden’s goal of “100% clean electricity” by 2035 will require “less than one-half of one percent of the contiguous U.S. land area.” This topline number translates into 15,000 of the lower 48’s roughly 3 million square miles.

Commentary: ‘Net Zero’ Is Not a Rational U.S. Energy Policy

April 18, 2023April 17, 2023 RealClearWire

Despite Germany’s last-ditch attempt at realism, the European Union recently approved a 2035 ban on gas-powered cars, moving ahead with its “net zero” emissions agenda. In the U.S., the cost of achieving net-zero carbon emissions would be staggering – $50 trillion if the goal is reached by 2050 – as would the demand for raw materials, which in most cases would exceed current annual worldwide production.

Commentary: Net-Zero Is the Real Climate Catastrophe

September 5, 2022September 4, 2022 RealClearWire

Maybe Vladimir Putin SHOULD get the Nobel Peace Prize after all.

To be sure, Putin’s bloody invasion of Ukraine is an affront to humanity, given his targeting of civilians. Russia even fired upon medical and humanitarian aid convoys and is using a nuclear power plant as a shield for his military operations.

Commentary: Net-Zero and ESG Are Worsening the Energy Crisis – and Weakening the West

March 19, 2022 RealClearWire

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 dramatizes the fundamental disunity of the West. At the same time as the Biden administration is sanctioning Russian oil and gas producers, Western investors are sanctioning Western ones. Under the banner of ESG (environmental, social and governance) investing, the West’s capital is being deployed to create an artificial shortage of oil and gas produced by its companies and reward non-Western oil and gas producers such as Russia and Iran with higher prices. In doing so, the West is undermining its own security interests.

Before Russia’s invasion of Ukraine, energy markets were already extremely tight. In the past, high oil and gas prices stimulated a supply-side response leading to increased output and to prices falling back. This relationship has broken down. According to analysts at JP Morgan, capital spending by S&P Global 1200 energy companies peaked in 2015 at just over $400 billion and shrank to around $120 billion last year – less than half its previous trough of $250 billion in the aftermath of the 2008 financial crisis, even though global demand is now around 15% higher than it was then.