Who is checking and what exactly is being balanced? The latest episode of The Unregulated Podcast is now streaming on our website, or wherever you listen.
"We must move quickly to fight climate change, as our ancestors did to fight the Nazis, but we must also recognize the risk in every success."
Huh? What do you mean that solar panels made in China may have carbon dioxide emissions 3x what the IPCC claims?
Substack (7/24/23) article: "Last August, in an amalgamation of 'The Green New Deal' meets 'Build Back Better,' President Joe Biden’s Inflation Reduction Act gifted the renewables industry with billions of dollars worth of taxpayer-funded subsidies. What few backing the bill realized was that the largest beneficiary would likely be China due to its expansive grip on the global solar photovoltaic (PV) industry. Worse than that, it might end up misdirecting the world’s clean energy efforts into dirtier than appreciated energy technologies because of the country’s ongoing dependence on coal-fired energy...A further puzzle is how that data feeds into an organization called Ecoinvent, a Swiss-based non-profit founded in 1998 that dubs itself “the world’s most consistent and transparent life cycle inventory database.” This data is relied on by institutions worldwide, including the IPCC and IEA itself, to calculate their carbon footprint projections, including the sixth assessment report published as recently as March 2023. Based on such data, the IPCC claims solar PV is 48 gCO2/kWh. But, as we’ll see below, a new investigation started by Italian researcher Enrico Mariutti suggests that the number is closer to between 170 and 250 gCO2/kWh, depending on the energy mix used to power PV production. If this estimate is accurate, solar would not compare favorably with natural gas, which is around 50 gCO2/kWh with carbon capture and 400 to 500 without."
Don't back down. It’s time to double down on attacking Blackrock for working against America.
Bloomberg (7/21/23) reports: "A series of recent moves by BlackRock Inc.—including bringing a top Saudi oil executive on its board—seem like steps likely to appease Republicans who have blasted the asset manager over what they say are woke ESG policies. Don’t bet on it. BlackRock’s appointment of Saudi Aramco CEO Amin Nasser to its board—along with plans to give US investors more voting power at shareholder meetings and eschew the term ESG—aren’t going to stop those fighting against investment decisions tied to a company’s environment, social and governance policies, ESG consultants and lawyers say. In fact, they say, the moves embolden critics."
On Friday the Biden administration called for less oil production by proposing higher rates on federal land. On Saturday they called for more production. These guys are either deeply dishonest or morons and I don’t know which.
CNBC (7/22/23) reports: "Volatility is still weighing on oil markets, U.S. Energy Secretary Jennifer Granholm said Saturday, reiterating calls for additional supplies. Asked to comment on the state of oil markets, she told CNBC’s Sri Jegarajah that 'there’s no doubt that there is a volatile environment' — a situation that the White House is monitoring. 'There is a lot of emotion in these markets and so we have deep concern about trajectories of where things are headed,” the energy secretary added. Granholm called for additional output to help curtail prices. 'We want to see more supply … It gets dangerous when the prices are so high,' she said. 'I think the prudent course is to ensure that transportation is affordable for people, and that of course means making sure that supply is stable.' Some members of the Organization of the Petroleum Exporting Countries and their allies — collectively known as OPEC+ — are voluntarily cutting production by a combined 1.66 million barrels per day until the end of 2024. In addition to that, coalition heavyweights Saudi Arabia and Russia have announced further voluntary declines in July and August comprising 1 million barrels per day in output and 500,000 barrels per day of exports, respectively. High crude oil prices continue to be a challenge for the Biden administration, and lowering costs remains a priority. 'We want prices to come down. The president is really focused on the impacts on real people who need to get to work and cannot afford that premium,' Granholm highlighted."
