CNN: In 2009, the European Union (EU) pledged to curb greenhouse gas emissions, urging its member states to shift from fossil fuels to renewables. In its Renewable Energy Directive (RED), the EU classified biomass as a renewable energy source — on par with wind and solar power. As a result, the directive prompted state governments to incentivize energy providers to burn biomass instead of coal — and drove up demand for wood. So much so that the American South emerged as Europe’s primary source of biomass imports. Earlier this year, the EU was celebrated in headlines across the world when renewable energy surpassed the use of fossil fuels on the continent for the first time in history. But scientists and experts say it’s too early to celebrate, arguing that relying on biomass for energy has a punishing impact not only on the environment, but also on marginalized communities — perpetuating decades of environmental racism in predominantly Black communities like Northampton County, where Macklin and his family have lived for generations.
To say cutting down trees and burning them for power is a renewable energy source feels counterintuitive and, in reality, it is. Burning wood is less efficient than burning coal and releases far more carbon into the atmosphere, according to almost 800 scientists who wrote a 2018 letter to the European parliament, pushing members to amend the current directive “to avoid expansive harm to the world’s forests and the acceleration of climate change.” President Joe Biden and other world leaders received a similar letter from hundreds of climate scientists earlier this year.
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