Francis Menton: Biden admin "actively working to undermine the American economy and advance the interests of our geopolitical adversaries. ... The Biden Administration came in with the explicit goal of undermining American energy production. Indeed if an administration wanted to undermine American energy prosperity as much as possible and comparably benefit our adversaries, it is difficult to think of anything it would do different from what the Biden Administration is doing."
During most of my adult life, “energy independence” has been a bipartisan goal throughout the federal government. That goal was actually achieved under President Trump. Within just a few months, Biden has undone that achievement. The administration has made no secret of its goals to reduce U.S. energy production of the things that work (i.e., fossil fuels) and to drive up their price. Let’s just make a small list of key actions in furtherance of those goals:
On his first day in office, Biden revoked the permit for the Keystone XL pipeline, intended to bring some 800,000 barrels of crude oil per day from Canada into the U.S.
The next day, Biden suspended all permitting of oil and gas drilling on federal lands and waters.
Biden’s EPA then set in motion the reversal of Trump Administration's loosening of rules on methane emissions in the process of producing oil and gas. These tightened Biden restrictions have the effect of increasing the cost of production.
Currently in the works are rules from the SEC to require extensive new disclosures by energy producers (and others) of supposed “climate”-related risks.
WSJ: "The Biden Administration is now imploring the OPEC oil cartel to pump more oil so U.S. gasoline prices don’t rise more than they already have on Mr. Biden’s watch. Oil prices climbed to a six-year high on Tuesday after the Organization of the Petroleum Exporting Countries and Russia failed to agree on increasing production quotas." - "U.S. petroleum consumption is now roughly where it was at this time in 2019."
As Biden seeks to limit U.S. oil production, reliance on Russian imports rises: By Bethany Blankley | The Center Square Jun 18, 2021 - "Within months of President Joe Biden halting the Keystone Pipeline, pausing new oil and gas leases on federal lands, and imposing further restrictions on U.S. oil companies, U.S. oil imports from Russia set a new record in March. According to International Energy Agency, U.S. imports of crude oil and petroleum products from Russia reached 22.9 million barrels in March, the highest level since August 2010. They had reached over 25 million barrels in April 2009. Crude oil imports from Russia in March stood at 6.1 million barrels, making Russia the third-largest oil exporter to the United States.
Fox Business: "All policies implemented by the Biden administration have created jobs, prosperity and influence for Russia’s energy sector. This has come at the expense of U.S. producers and consumers who are now paying on average over $3 per gallon at the pump, per AAA."
A peer-reviewed study by five lead authors published June 29th in the journal Global Environmental Change:
Slash annual energy use per person from Canada – 232 Gigajoules (GJ), U.S. – 204 GJ, and France 95 – GJ to a very low 27 GJ per year
“Fairer income distribution is crucial for achieving decent living standards at low energy use”
“To reduce existing income disparities, governments could raise minimum wages, provide a Universal Basic Income, and introduce a maximum income”
“We also need much higher taxes on high incomes, and lower taxes on low incomes”
Move from “an animal-based to a plant-based diet”
Move from “individual to collective transport”
Move from “motorized to active” (walking and cycling) travel
“Economic growth beyond moderate levels of affluence is detrimental for aspirations of sustainable development”.
“Degrowth… is an idea whose time has come”
“In short,” the study’s authors sum up, “we need to abandon economic growth in affluent countries, scale back resource extraction, and prioritize public services, basic infrastructures and fair income distributions everywhere.”
The Times screeched in a 1995 story how “some of the predicted effects of climate change may now be emerging for the first time or with increasing clarity.” One of the predictions included a “[a] continuing rise in average global sea level, which is likely to amount to more than a foot and a half by the year 2100.” The Times then cautioned that an apocalypse for beach-goers would be a likely result: “At the most likely rate of rise, some experts say, most of the beaches on the East Coast of the United States would be gone in 25 years.”
The Ecologist Mag's Gareth Dale in 2020: The "report recommends a radical transformation to the way we live. All shipping must be phased out by 2050, and likewise all use of cement-based mortar or concrete. In Britain, all airports except Heathrow and Glasgow will have to close by 2029, and those two by 2049. Aviation must become illegal by then, and, as the report states, ensuring that carbon is at zero must become “a regulation issue, with prohibitions on the use of carbon similar to prohibitions on the use of asbestos.”
From the UK govt funded November 2019 Absolute Zero report:"The big actions are: travel less distance, travel by train or in small (or full) electric cars and stop flying; use the heating less and electrify the boiler when next upgrading; lobby for construction with half the material for twice as long; stop eating beef and lamb. Each action we take to reduce emissions, at home or at work, creates a positive ripple effect."
"In addition to reducing our energy demand, delivering zero-emissions with today’s technologies requires the phasing out of flying, shipping, lamb and beef, blast-furnace steel and cement."
Page 39: "Ensuring carbon is at zero is a regulation issue, with prohibitions on the use of carbon similar to prohibitions on the use of asbestos."
Alex Epstein: "ESG was a movement cooked up at the UN--not exactly a leading expert in profitable investment--to impose moral and political agendas, largely left-wing ones, on institutions that would not adopt them if left to their own devices." - "The number one practical meaning of ESG today is: divest from fossil fuels in every way possible, and associate yourself with "renewable" solar and wind in every way possible."
The preposterous financial pretense of "ESG investing" is that the promoters of it have so accurately identified universal norms of long-term value creation--Environmental norms, Social norms, and Governance norms--that imposing those norms on every company is justified.Divesting from fossil fuels is immoral because:
1. The world needs much more energy. 2. Fossil fuels are the only way to provide most of that energy for the foreseeable future. 3. Any problems associated with CO2 pale in comparison to problems of energy deprivation.ESG defunding fossil fuel projects in the poorest parts of the world will mean: more babies die for lack of incubators and other medical equipment, more deaths from lack of water treatment plants and modern sanitation, more deaths from lack of heating and air-conditioning.
Every leading ESG institution should be called out for their genocidal policies toward the poorest parts of the world. They should be shamed for placing their own virtue-signaling above billions of actual human lives.
Morano to Pennsylvania House climate hearing: "It is a shame that the state of Pennsylvania is wading into meaningless climate-inspired regulations. Pennsylvania has been the energy success story of America. This state has led the way for the United States world-leading CO2 reductions. If you really cared about CO2 reductions, you would be embracing your fracking revolution; you would be embracing Pennsylvania’s energy legacy."
"As I detail in my book Green Fraud, USA energy has been booming -- thanks in large part to Pennsylvania! The U.S. has finally transformed from an energy importer to an energy exporter. In 2019, as the shale natural gas fracking boom continued unabated (THANKS PENNSYLVANIA!) BP reported that the U.S. now led the world in both oil and natural gas production growth. We had achieved not only energy independence but dominance, for the first time since 1952 when Harry S. Truman was president."
"Don’t let activists who believe that putting Pennsylvanians out of work will help “save the planet.” It’s time to confront the wannabe planet savers here in this room and this state and tell them to not only NO, but HELL NO."
The Pennsylvania House Environmental Resources and Energy Committee - Pennsylvania House of Representatives - Date: Tuesday, June 22, 2021