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MORNING ENERGY NEWS  |  12/04/2020
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The Hall of Justice Democrats want the head of the former head of global sustainable investing. Why? Because he's not green enough.


Washington Examiner (12/3/20) reports: "Liberal climate activists, once prepared to go to war to stop administration appointments with fossil fuel industry ties, are now rethinking that strategy in relation to President-elect Joe Biden's pick for top economic adviser. Liberal groups for months have urged Biden to reject personnel from working for him if they previously worked with fossil fuel companies or Wall Street firms that invested in coal, oil, or natural gas. But some activists are choosing not to launch a major fight to stop Brian Deese, Biden's expected choice for National Economic Council director, even though he is the head of global sustainable investing at BlackRock, the world’s largest asset manager and top fossil fuel investor. These activists recognize that pushing too hard could limit the influence of liberals in the Biden administration."


"In fact, there is no climate “crisis” or “emergency.” However, as Orwell noted, the language of fear and panic is one of the main instruments of political control...By 2050, unless we wake up, the project outlined in Nineteen Eighty-Four may at last be complete."

 

– Peter Foster,
Lawliberty.org

This is legit crazy.


E&E News (12/4/20) reports: "Occidental Petroleum Corp., which has set the most aggressive climate goal among major U.S. oil producers, eventually sees its nascent carbon capture operation becoming its primary business line, CEO Vicki Hollub said this week. Oxy has announced plans to open the world's largest plant to capture carbon dioxide from the atmosphere. The company already has a large-scale business using the gas to coax oil out of aging oil formations, and it said in a report this week that it could be using human-made carbon dioxide exclusively for its oil field operations by 2040. 'Ultimately, I don't know how many years from now, Occidental becomes a carbon management company and our oil and gas would be a support business unit for the management of that carbon,' Hollub said in an interview with Daniel Yergin, vice chairman of analytical firm IHS Markit. The company could eventually sell its carbon capture service to other industries that need to lower their emissions, Hollub said. 'We saw a lot of opportunities to not only become carbon neutral ourselves but to help others do the same thing,' she said. Occidental announced in November that it will reduce its greenhouse gas pollution to the equivalent of zero by 2050. The pledge covers not only emissions from its own operations but from the end users of its products, including drivers."

Both Al Jazeera and the Greens oppose American energy from ANWR. Coincidence? 


Aljazeera (12/3/20) reports: "The Trump administration has announced plans to sell oil and gas leasing rights next month for a section of the Arctic National Wildlife Refuge (ANWR), a move that environmental and Indigenous groups said threatened the sprawling wildlife reserve in Alaska. In a statement on Thursday, the United States Bureau of Land Management said the lease sale for the ANWR coastal plain would be conducted via livestream on January 6, just days before the inauguration of US President-elect Joe Biden. 'Congress directed us to hold lease sales in the ANWR Coastal Plain, and we have taken a significant step in announcing the first sale in advance of the December 2021 deadline set by law,' the bureau’s Alaska state director, Chad Padgett, said in the statement. 'Oil and gas from the Coastal Plain is an important resource for meeting our Nation’s long-term energy demands and will help create jobs and economic opportunities.' President Donald Trump authorised oil and gas exploration in the ANWR coastal plain in 2017 despite widespread and long-standing opposition from wildlife conservation advocates, Indigenous communities and some US legislators."

A million schemes for the green world we're gonna fake.


AIER (12/3/20) blog: "ESG (environment, social, and governance) funds are the hottest investments going. The only problem is that they are like free trade coffee — the consumer (investor) pays more for the same product. They might “feel good” in the process but their feelings are irrational because they are paying for a brand label rather than anything substantive. No subset of investors, after all, can permanently change the world through their preferences. A recent study by Barclays shows that while one in four investment dollars are currently in mutual funds labeled ESG, most investors do not realize that those funds are virtually indistinguishable from non-ESG-labelled funds in terms of portfolio composition or returns. Only fees differ and, unsurprisingly, are considerably higher for ESG-labeled funds — on average almost 0.75 percent vs. less than 0.50 percent for non-ESG-labeled funds. P.T. Barnum once claimed that there is a sucker born every minute but thanks to population growth and an increasingly complex world, it is closer today to every second."

Blue Wave meets Red Wall.


E&E News (12/4/20) reports: "The "Blue Wave" of the 2018 midterm elections didn't last for House Democrats, and the turnaround is perhaps most pronounced in California. In the Golden State, which for decades has carved out a reputation for being the center of the environmental movement and the nation's strongest anti-pollution laws, Republicans have recaptured four of the seven seats that Democrats had flipped in 2018. California is still solidly blue, and the GOP will control just 12 of the state's 53 congressional seats. But each race was the first time a Republican flipped a Democratic House seat in California since 1994. And the Democrats lost some key seats...Still, the GOP should be optimistic, Roday said. The state is likely to remain very Democratic for a while, but the GOP is making important gains. 'I don't think it portends for California flipping completely overnight, but these are very good, positive signs,' he said." 

If you oppose a carbon tax, take a stand and contact us.
Tom Pyle, American Energy Alliance
Myron Ebell, Competitive Enterprise Institute
Phil Kerpen, American Commitment
Andrew Quinlan, Center for Freedom and Prosperity
Tim Phillips, Americans for Prosperity
Grover Norquist, Americans for Tax Reform
George Landrith, Frontiers of Freedom
Thomas A. Schatz, Citizens Against Government Waste
Richard Manning, Americans for Limited Government
Adam Brandon, FreedomWorks
Craig Richardson, E&E Legal
Benjamin Zycher, American Enterprise Institute
Jason Hayes, Mackinac Center
David Williams, Taxpayers Protection Alliance
Paul Gessing, Rio Grande Foundation
Seton Motley, Less Government
Nathan Nascimento, Freedom Partners Chamber of Commerce
Isaac Orr, Center of the American Experiment
David T. Stevenson & Clint Laird, Caesar Rodney Institute
John Droz, Alliance for Wise Energy Decisions
Jim Karahalios, Axe the Carbon Tax
Mark Mathis, Clear Energy Alliance
Jack Ekstrom, PolicyWorks America

Energy Markets

 
WTI Crude Oil: ↑ $46.09
Natural Gas: ↓ $2.49
Gasoline: ~ $2.16
Diesel: ↑ $2.44
Heating Oil: ↑ $140.48
Brent Crude Oil: ↑ $49.21
US Rig Count: ↑ 401

 
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