News Analysis Two years ago, efforts by climate activists and Environmental, Social, and Governance (ESG) investors to block investment in oil and gas production by Western companies appeared to have received a seal of approval from no less an authority than the International Energy Agency (IEA), when it published “Net Zero by 2050: A Roadmap for…

Commentary A popular talking point among green energy evangelists is that gas, oil, and coal are, in large part, successful because they are highly subsidized. Wind and solar, so the argument goes, would win in a fair fight, but, alas, the playing field is far from fair. But the supposed data they are drawing on to come…

Commentary Energy policy is looming as a fracture point in Australia’s political discourse. At the next election, Australians will have a clear choice between the philosophies of “magic pudding economics” and “the magic of the market.” The path Australians take will determine their long-term well-being. Energy supply and cost are key indicators of the sophistication,…

News analysis John Kerry leads an international jet-set life that might exhaust a runway model. If President Biden’s special envoy for climate was not in Washington or relaxing at his mansion near Nantucket Harbor, he could be found in Brazil, Panama, the Bahamas, or Germany. And that’s just in February and March. While Kerry trumpets…

Commentary Remember the hole-digging rule? When you’re in a hole, stop digging. Digging deeper when you’re already in a hole only means steeper, more desperate climbing when it’s finally time to get out. Ever-deeper hole-digging describes the state of ESG investing today. Though more than $50 trillion has been committed to ESG and other sustainable…

Commentary Does the radical climate change agenda know no end? Earlier this year, it was gas stoves—and then lightbulbs. Then, a few weeks ago, President Joe Biden’s administration announced much less gas cars after 2032. Even though about half of Americans say they don’t want an electric car and only 6 percent of drivers are…

Commentary “What a banker,” read the unsubtle headline in The Sun. “BoE official on £190k salary says Brits must accept they’re worse off.” The Mail agreed. “BoE chief risks fury as he says Brits must accept they are poorer.” What sparked the tabloids’ outrage was a Columbia Law School podcast with Huw Pill, the Bank of England’s chief economist and a member…

Commentary Earth Day fell on April 22—Lenin’s birthday, appropriately enough—so let us first recall the blessed memory of the official theme for Earth Day 2022: “Invest In Our PlanetTM.” “This is the moment to change it all — the business climate, the political climate, and how we take action on climate. It’s going to take all…

Commentary Despite Germany’s last-ditch attempt at realism, the European Union recently approved a 2035 ban on gas-powered cars, moving ahead with its “net zero” emissions agenda. In the United States, the cost of achieving net-zero carbon emissions would be staggering—$50 trillion if the goal is reached by 2050—as would the demand for raw materials, which in most cases would exceed…

Commentary Elon Musk is no communist, but he may end up having contributed more to its global success than anyone since Karl Marx. By making the Tesla the status symbol of our times, and now apparently about to offer an affordable version for the common man and woman, he has helped clear the way for…