This article summarizes the argument of the author’s more technical article, “What’s ‘Controversial’ About ESG? A Theory of Compelled Commercial Speech under the First Amendment.”The SEC is on the cusp of enacting rules to compel companies to disclose “climate risk.” Commentators have critiqued the rules as misguided and beyond the SEC’s statutory authority. But the proposed rules have a more fundamental flaw that will doom them when the inevitable court challenges are filed. The rules … [Read more...]
Biden Ethanol Increase Will Worsen Food Costs, Gas Pains
The Biden administration is implementing a temporary ethanol fix in a desperate attempt to reduce political fallout from skyrocketing gas pump prices resulting from its war on fossil fuels which will only add to inflationary food costs.New EPA requirements will now increase the amount of the corn alcohol product that must be blended into the nation's gasoline supply from 10% (E10) currently, to 15% (E15) over summer driving months between June 1 and Sept. 15.Whereas EPA administrator … [Read more...]
Persistent Lies About Green Power
When drug companies try to sell you a particular cure for what ails you, the television ads typically consist of 10 seconds of saying how good the drug is and 20 seconds of disclaimers and warnings about possible negative side effects. If only renewable energy companies were that honest!To my great annoyance and disgust, a power company in Texas promises the state’s electricity users can choose a plan that delivers electricity 24 hours a day powered by the sun. Solar power.As anyone exercising … [Read more...]
Indian Coal Makes Electricity as Wind Farms Sit Idle
Amidst the clamor surrounding the intensive use of coal in China and India, one may not realize that these nations have some of the world’s largest renewable energy installations.In fact, I hail from the Indian state of Tamil Nadu which is often compared to Scandinavia for its large number of wind farms. Accounting for 25 percent of the country’s wind capacity, the state has the largest share of such generating assets in a nation of 1.3 billion people.Yet even Tamil Nadu relies heavily on coal … [Read more...]
India’s Coal Proliferation Contradicts Global Climate Drama
We have a crisis in India, and it is not with the climate. Power plants for the world’s second-largest consumer of coal are running out of stock, leaving a billion people at the risk of blackouts and forcing industries to close facilities.To resolve the situation, the Indian government has authorized increased importation of thermal coal, removed all import duty on coal, is reopening hundreds of closed coal mines, and has asked existing domestic mines to produce at unprecedented rates. … [Read more...]
Elon Musk Calls ESG a “Scam”
Guest writer Jerry Bowyer is is the chief economist of Vident Financial, editor of Townhall Finance, editor of the business channel of The Christian Post, host of Meeting of Minds with Jerry Bowyer podcast, president of Bowyer Research, and author of The Maker Versus the Takers: What Jesus Really Said About Social Justice and Economics. He is also resident economist with Kingdom Advisors, serves on the Editorial Board of Salem Communications, and is senior fellow in financial … [Read more...]
Germany’s Green Energy Fixation Should Teach US a Lesson
Germany’s new Chancellor Olaf Scholz’s government vice chancellor and economic minister Robert Habeck, a leading member of his country’s Green Party, has experienced a rude lesson regarding the disastrous consequences of his years of naïve opposition to fossil fuels.After tasking his top officials to assess the energy security implications of Germany’s dependence on Russian supplies in the event of a then-looming Ukraine invasion, their conclusions were desperately dispiriting.Habeck reportedly … [Read more...]
Must Fossil Fuel Extraction Be Stopped to Limit Global Warming?
“Fossil Fuel Extraction Must Be Stopped to Limit Global Warming.” That’s the headline of an article at Earth.com, an environmental activist website. It purports to convey the message of a study published May 17, 2022, in Environmental Research Letters, “Existing fossil fuel extraction would warm the world beyond 1.5°C,” though the study makes no such claim.According to the study, the world is already committed, through its 25,000 oil and gas fields and 3,000 coal mines, to … [Read more...]
CO2 Enrichment Improves Plant Water Use Efficiency
This article is the third in a series. You can read the first post here. and the second one here.“Gratefully, nature does not have to wait another century or so for the air’s CO2 concentration to double before reaping benefits from enhanced water use efficiency. It has already begun to profit in this regard from the approximate 50% increase in atmospheric CO2 that has occurred since the Industrial Revolution began.”In my last article I wrote about increased plant productivity … [Read more...]
Operation Climate-Change Choke Point
In a 2020 article published in the Cornell Journal of Law and Public Policy, Graham Steele described a detailed plan to use federal financial regulatory agency powers to implement a new national industrial policy without legislation. The plan was to use the powers of the financial regulatory agencies to restrict the flow of credit and capital to firms and activities that produce greenhouse gas emissions.The plan uses the Financial Stability Oversight Council (FSOC) to declare … [Read more...]
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