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| Wall Street Journal,WSJ |
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Biden pushes electric vehicles, which kill union jobs - Wall Street Journal (Aug 24, 2023) |
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Aug 24, 2023 · The surprising thing is that the United Auto Workers is going along.
Linda McMahon
James Sherk
Joe Biden calls himself the most pro-union president in history, but he’s pushing policies that would eliminate tens of thousands of United Auto Workers members’ jobs. More surprising, UAW leadership is going along with it. Read more ...
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The U.K.'s windfall tax downfall - Wall Street Journal (Aug 24, 2023) |
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Aug 24, 2023 · Guess what: Higher taxes reduce energy production and security.
There’s stiff competition for Europe’s dumbest energy policy in recent years, with reliance on Russian natural gas being top of the list. But windfall profits taxes are a close second, and it’s becoming clear how they are undermining European energy security, though European politicians still don’t get it. Read more ...
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Why is medicare saving paying for Teslas? - Wall Street Journal (Aug 17, 2023) |
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Aug 17, 2023 · Climate change now takes priority over medical care in health policy.
Mark Merritt
The Inflation Reduction Act marked the first time climate change took priority over medical care in American health policy. Read more ...
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The U.S. power grid withstands the heat, so far - Wall Street Journal (Jul 23, 2023) |
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Jul 23, 2023 · Electric supplies from renewable energy, hydropower and batteries bolster vulnerable parts
A punishing heat wave is pushing electricity demand to record levels in some parts of the U.S., but the power grid has held up because of a combination of luck and new energy supplies. Read more ...
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Tesla begins cybertruck production after yearslong wait - Wall Street Journal (Jul 15, 2023) |
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Jul 15, 2023 · The electric pickup rolled off the line nearly four years after prototype was unveiled
Tesla built the first Cybertruck at its factory in Texas, rolling out the futuristic electric pickup nearly four years after the prototype was introduced. Read more ...
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Exxon buys pipeline operator, making big bet on carbon - Wall Street Journal (Jul 13, 2023) |
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Jul 13, 2023 · Acquisition of Denbury expands oil company’s new business of capturing emissions
Exxon Mobil is paying almost $5 billion to buy Denbury, a pipeline operator that moves carbon dioxide, increasing its bet that it can make money collecting other companies’ emissions. Read more ...
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Flooding hits American towns far from oceans and big rivers - Wall Street Journal (Jun 19, 2023) |
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Jun 19, 2023 · Residents of Whitesburg, Ky., rarely worried about the risk of flooding.
Then last July, a 1,000-year storm hit.
WHITESBURG, Ky. - In nearly four decades living here, Kasey Wright had never seen the North Fork of the Kentucky River flood her neighborhood at the water’s edge. Then last July, thunderstorms unleashed a deluge, sending a torrent of water 6 feet high through her home. Read more ...
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SEC climate rules could decide whether US firms face tough EU law - Wall Street Journal (Apr 26, 2023) |
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Apr 26, 2023 · Europe could waive sustainability disclosures for U.S. companies if agency’s pending requirements are rigorous enough
The European Union plans to require thousands of U.S. companies to disclose extensive details about how their operations affect the climate - unless the Securities and Exchange Commission passes rules that EU officials see as tough enough to take their place.
More than 3,000 U.S. companies are expected to have to gather and disclose data on their greenhouse-gas emissions and those of their suppliers and customers under a European Union law passed in 2022. The law says non-EU companies can get out of the new rules only if they face equivalent requirements ... Read more ...
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World's first carbon import tax approved by EU lawmakers - Wall Street Journal (Apr 18, 2023) |
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Apr 18, 2023 · Vote caps nearly two years of negotiations on first-of-a-kind legislation
The European Union’s parliament approved legislation to tax imports based on the greenhouse gases emitted to make them, clearing the final hurdle before the plan becomes law and enshrines climate regulation in the rules of global trade for the first time.
Tuesday’s vote caps nearly two years of negotiations on the import tax, which aims to push economies around the world to put a price on carbon-dioxide emissions while shielding the EU’s manufacturers from countries that aren’t regulating emissions as strictly, or at all. The tax gives credit to countries that put a price on carbon, allowing ... Read more ...
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Green tax credits are likely to be more popular—and expensive—than expected - Wall Street Journal (Apr 12, 2023) |
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Apr 12, 2023 · Trend could undermine a Biden administration claim that the climate law reduces deficits
WASHINGTON - Green tax credits from last year’s climate law are likely to be far more popular than anticipated, potentially reducing carbon emissions - but also increasing costs to U.S. taxpayers, according to an emerging consensus of government and private-sector forecasters.
Buyers of electric vehicles and clean-energy producers could claim tax credits worth hundreds of billions of dollars more than lawmakers expected when they passed the Inflation Reduction Act, recent estimates from Goldman Sachs Group Inc., researchers at a Brookings Institution conference and the White House ... Read more ...
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The Fed's climate studies are full of hot air - Wall Street Journal (Apr 09, 2023) |
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Apr 09, 2023 · One finds a correlation by assigning equal weight to all countries, from China to tiny St. Vincent.
The Federal Reserve’s credibility is in tatters. It predicted low inflation through 2021 even as the money supply exploded and higher inflation followed. To catch up, it quickly raised interest rates, stressing many banks, and Fed examiners failed to act before depositors noticed that Silicon Valley Bank was insolvent. The result was bank runs and panic. But instead of lowering inflation and preventing recession, many of the Fed’s 400 economists are busy fighting climate change. Read more ...
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US faces electrician shortage as it tries to go green - Wall Street Journal (Mar 27, 2023) |
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Mar 27, 2023 · America is trying to install electric-car chargers, heat pumps and other gear deemed essential to address climate change, but the installers are in short supply
Electricians, essential workers in the transition to renewable energy, are busy and getting harder to hire. Demand for green products is surging and many electricians are struggling to keep up.
Many electricians say they are booked several months out and struggling to find enough workers to keep up with demand. Some are raising wages and prices and worried that they won’t be able to keep up as government climate incentives kick in.
Brian LaMorte, co-owner of LaMorte Electric Heating and Cooling in Ithaca, ... Read more ...
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US faces electrician shortage as it tries to go green - Wall Street Journal (Mar 27, 2023) |
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Mar 27, 2023 · America is trying to install electric-car chargers, heat pumps and other gear deemed essential to address climate change, but the installers are in short supply
Electricians, essential workers in the transition to renewable energy, are busy and getting harder to hire. Demand for green products is surging and many electricians are struggling to keep up.
Many electricians say they are booked several months out and struggling to find enough workers to keep up with demand. Some are raising wages and prices and worried that they won’t be able to keep up as government climate incentives kick in.
Brian LaMorte, co-owner of LaMorte Electric Heating and Cooling in Ithaca, ... Read more ...
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Europe sets rules for producing green hydrogen - Wall Street Journal (Feb 13, 2023) |
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Feb 13, 2023 · The European Union issued strict regulations for what qualifies as renewable hydrogen under its clean-energy transition plan, shaping how companies are expected to deploy billions of euros of investments in hydrogen factories in the coming years.
Governments around the world are looking to hydrogen to help replace fossil fuels in industrial processes and electricity generation. Current supplies of hydrogen are largely produced from cracking open molecules of natural gas. The U.S., Europe and other countries are planning to invest hundreds of billions of dollars on factories that use electricity to power machines called electrolyzers, which produce hydrogen by splitting open ... Read more ...
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New $10 billion program for energy subsidies set for rollout by Treasury Department - Wall Street Journal (Feb 13, 2023) |
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Feb 13, 2023 · Application period for a 30% investment tax credit will begin on May 31
WASHINGTON - The Treasury Department is preparing to start a $10 billion program for subsidizing advanced energy projects and a new tax break for solar-and-wind projects in low-income communities.
The two programs were created last year in the climate, health and tax law known as the Inflation Reduction Act. The department has been working to lay out the details of how the law’s tax breaks will work, as companies begin taking advantage of new incentives to invest in projects aimed at accelerating the country’s shift away from fossil fuels.
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US, Europe tussle over frenzy of clean-energy subsidies - Wall Street Journal (Jan 25, 2023) |
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Jan 25, 2023 · EU competition chief calls U.S. legislation toxic and says the bloc is preparing a response
Multinational companies are racing to invest billions of dollars in the U.S. to capture generous clean-energy incentives, igniting a backlash among governments in Europe and Asia and sparking a move by some to come up with their own green subsidies.
On Wednesday, Margrethe Vestager, the European Union’s competition chief, called the new incentives from the U.S. toxic and said they contain what she called questionable provisions that run the risk of diluting the shared sense of purpose on tackling climate change.
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A smart house GOP oil and gas play - Wall Street Journal (Jan 24, 2023) |
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Jan 24, 2023 · Biden threatens to veto a bill linking oil releases from the Strategic Petroleum Reserve to new drilling leases.
The Biden Administration has repeatedly said it isn’t restricting oil and gas development. But then why is it threatening to veto a House Republican bill that would tie oil releases from the Strategic Petroleum Reserve (SPR) to oil and gas leasing on federal land?
House Majority Leader Steve Scalise has teed up a vote this week on a bill that would forbid the Energy Department from tapping the SPR unless it develops a plan to increase oil and gas leasing commensurately. If the White House wants to draw down the reserve by 5%, it has to lay out a plan to ... Read more ...
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States attempt to help Americans facing rising energy costs - Wall Street Journal (Dec 21, 2022) |
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Dec 21, 2022 · State governments are trying to beef up their energy-assistance programs as rising heat costs strain more residents across the U.S. this winter.
Minnesota and New York are tapping federal funds to provide enhanced benefits for their states’ programs. New Hampshire passed legislation that gives additional help to lower-income households using funds from its budget surplus. And in Connecticut, utility providers are giving ratepayers $10 monthly credits to help offset rising costs and providing discounts to low-income households.
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The EU goes rogue on climate policy with CBAM - Wall Street Journal (Dec 14, 2022) |
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Dec 14, 2022 · Brussels should work with its allies to punish countries with poor environmental standards, not those with falling emissions such as the U.S.
Despite an environment ripe for cooperation and collaboration on climate policy, the European Union has gone ahead with its carbon border adjustment mechanism, or CBAM, on its own. Instead, the EU should step back and work with the U.S. and other allies to develop a trade-centered approach that rewards high environmental performance and holds the world’s polluters accountable.
In 2021, I led a cohort of my conservative colleagues in urging the Biden administration to oppose the EU’s unilateral implementation of a CBAM and support ... Read more ...
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Foxconn plans to invest $170 million in EV truck maker Lordstown Motors - Wall Street Journal (Nov 07, 2022) |
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Nov 07, 2022 · The startup plans to use the funds to hire engineers, and will develop an electric vehicle with the Taipei-based contract manufacturer
Foxconn Technology Group, the world’s biggest contract manufacturer for electronics, is deepening its investment in Lordstown Motors Corp., a once-troubled EV startup that recently began building its first all-electric pickup truck at a former General Motors Co. plant in Ohio.
The two companies said Monday that Taipei-based Foxconn plans to spend $170 million to buy common stock and newly created preferred shares, providing Lordstown Motors with a fresh injection of capital as it works to increase production of its debut model, the Endurance. Read more ...
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You can't build roads without oil - Wall Street Journal (Oct 04, 2022) |
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Oct 04, 2022 · Where does the Biden administration think asphalt comes from?
The Infrastructure Investment and Jobs Act of 2021 allocates $110 billion to build and repair roads and bridges. The Inflation Reduction Act of 2022 spends hundreds of billions on renewable energy, with the ultimate goal of eliminating fossil fuels. But how are we going to build roads without oil?
According to Federal Highway Administration data, 94% of U.S. road miles are paved with asphalt, which constitutes the bottom of the bottom of the oil barrel. We don’t refine oil merely to make asphalt. It’s a byproduct left behind in the process of making fuel. And it isn’t the only one.
Continue reading your ... Read more ...
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Hurricane Ian and climate - Wall Street Journal (Sep 30, 2022) |
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Sep 30, 2022 · After the awful destruction of Hurricane Ian, Florida neighbors are doing what they do - helping each other stay dry and calm and fed and hydrated. But further north, even before landfall the storm presented an opportunity to promote political narratives. Doesn’t anyone just trust the science anymore?
In the Washington Examiner Brad Polumbo describes “a concentrated effort to exploit the natural disaster to push a Green-New-Deal-esque climate change agenda. The most prominent example of this blatant politicization is a now-viral interview in which CNN host Don Lemon repeatedly attempts to get an expert to blame Hurricane Ian on climate change.”
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From migrant busing to climate change, fake virtue abounds - Wall Street Journal (Sep 18, 2022) |
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Sep 18, 2022 · With the labor market tight, you would think that the transfer of buses and planes of migrants to Democratic strongholds would be considered an economic opportunity for struggling liberal plutocrats.
If you were a leading progressive warrior for diversity, equity and inclusion battling it out in the trenches of Martha’s Vineyard, wouldn’t you be delighted at the sudden arrival of a little extra (minimum-wage) help from down south to assist in the final push toward social justice?
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Gerry Baker is Editor at Large of The Wall Street Journal. His weekly column for the editorial page, “Free Expression,” appears in The ... Read more ...
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The SEC can't transform itself into a climate-change enforcer - Wall Street Journal (Sep 14, 2022) |
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Sep 14, 2022 · It should junk its proposed disclosure rule, which is clearly unconstitutional as per West Virginia v. EPA.
The Supreme Court’s June decision in West Virginia v. Environmental Protection Agency was a shot across the bow of the administrative state. The decision implicates many executive and independent agencies’ rulemakings, but perhaps none more so than the Securities and Exchange Commission’s proposed climate-disclosure rule. The proposal would convert the federal securities regulator into a greenhouse-gas enforcer looking over the shoulders of exchange-listed companies’ directors. Much like the EPA regulation the justices struck down, the new SEC proposal would exceed the ... Read more ...
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Biden freezes oil and gas leases - Wall Street Journal (Sep 11, 2022) |
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Sep 11, 2022 · Calling Joe Manchin: Interior uses 'sue and settle’ to suspend Trump-era approvals.
Joe Manchin’s deal with Democratic Senate leader Chuck Schumer isn’t looking so good for the West Virginian, and the latest evidence is a Biden Administration settlement with green groups that stops previously approved oil and gas leases.
The Interior Department last week agreed to conduct additional climate reviews for five federal oil and gas lease sales held in 2019 and 2020 that were challenged by environmental groups. Activists claimed the Trump Administration didn’t sufficiently study the climate impact of the leases under the National Environmental Policy Act (NEPA).
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Biden freezes oil and gas leases - Wall Street Journal (Sep 11, 2022) |
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Sep 11, 2022 · Calling Joe Manchin: Interior uses 'sue and settle’ to suspend Trump-era approvals.
Joe Manchin’s deal with Democratic Senate leader Chuck Schumer isn’t looking so good for the West Virginian, and the latest evidence is a Biden Administration settlement with green groups that stops previously approved oil and gas leases.
The Interior Department last week agreed to conduct additional climate reviews for five federal oil and gas lease sales held in 2019 and 2020 that were challenged by environmental groups. Activists claimed the Trump Administration didn’t sufficiently study the climate impact of the leases under the National Environmental Policy Act (NEPA).
Continue ... Read more ...
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China's coal power boom - Wall Street Journal (Sep 11, 2022) |
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Sep 11, 2022 · Beijing is building more coal-fired capacity than the rest of the world combined, U.S. climate lectures notwithstanding.
An unspoken truth of the climate-change crusade is this: Anything the U.S. does to reduce emissions won’t matter much to global temperatures. U.S. cuts will be swamped by the increases in India, Africa and especially China. Look no further than China’s boom in new coal-fired electricity.
Under the nonbinding 2015 Paris climate agreement, China can increase its emissions until 2030. And is it ever. Between 2015 and 2021 China’s emissions increased by some 11%, according to the Climate Action Tracker, which evaluates nationally determined contributions ... Read more ...
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The Manchin permitting watch - Wall Street Journal (Sep 11, 2022) |
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Sep 11, 2022 · If Democratic progressives can’t block it, can they make him shrink it?
More than a month has passed since Sen. Joe Manchin announced he cut a super-secret side deal on permitting reform with Democratic Leader Chuck Schumer. Not to be impatient, but . . . where is it? The biggest news on this topic in Washington is the list of Democrats who are now lining up to throw Mr. Manchin under a subsidized electric bus.
Sen. Bernie Sanders was the latest in a Thursday speech. “I rise this morning to express my strong opposition to the so-called side deal that the fossil-fuel industry is pushing to make it easier for them to pollute the environment and destroy our planet,” he ... Read more ...
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‘Volt Rush' review: electric cars, money and mines - Wall Street Journal (Sep 09, 2022) |
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Sep 09, 2022 · Among the pandemic’s many disruptions, in early 2021 auto makers cut production because of a shortage of semiconductors. Car manufacturers today already spend more money on silicon than on steel, and that goes double for the makers of electric vehicles (EVs). The mainstream arrival of EVs owes as much to silicon, for power control, as it does to lithium, for energy storage. But the cost of automotive lithium batteries dwarfs the costs for silicon and steel combined. If EV aspirations are fulfilled, the next automotive supply-chain disruption - and there’s always going to be a next time - will center on battery materials.
The aspirations are frenzied. A growing list of ... Read more ...
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Companies are buying large numbers of carbon offsets that don't cut emissions - Wall Street Journal (Sep 08, 2022) |
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Sep 08, 2022 · With its 34 turbines perched on a hill in southwestern India, the Tuppadahalli wind farm generates green energy - and profits.
The wind farm and three others in India are owned by Acciona SA, an €8.1 billion Spanish infrastructure conglomerate which held an IPO of its renewables business last year. Tuppadahalli is performing so well that an Indian credit-ratings firm upgraded it, citing its strong cash position, modest debt and long-term contracts to sell the energy.
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Nuclear power's rebound causes rift among environmentalists - Wall Street Journal (Sep 02, 2022) |
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Sep 02, 2022 · At a rally outside November’s United Nations climate-change summit in Glasgow, Scotland, nuclear energy advocate Chris Keefer was heckled, told to go away and called “a nuclear moron” by one attendee over a loudspeaker.
Mr. Keefer, a Toronto emergency-room doctor who runs Canadians for Nuclear Energy, a group of about 50 environmentalists who believe nuclear is needed to reach net-zero carbon emissions, said he spends “an inordinate amount of my time and energy in a rear-guard battle against environmentalists, you know, whose goals I broadly share in terms of taking aggressive climate-change action.”
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Policies pushing electric vehicles show why few people want one - Wall Street Journal (Aug 28, 2022) |
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Aug 28, 2022 · They wouldn’t need huge subsidies to sell if they really were a good choice, and consumers know that.
We constantly hear that electric cars are the future - cleaner, cheaper and better. But if they’re so good, why does California need to ban gasoline-powered cars? Why does the world spend $30 billion a year subsidizing electric ones?
In reality, electric cars are only sometimes and somewhat better than the alternatives, they’re often much costlier, and they aren’t necessarily all that much cleaner. Over its lifetime, an electric car does emit less CO2 than a gasoline car, but the difference can range considerably depending on how the electricity is generated. Making ... Read more ...
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Russia's Gazprom brings an early winter to Europe - Wall Street Journal (Aug 28, 2022) |
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Aug 28, 2022 · An 'indefinite’ pipeline shutdown puts further pressure on political leaders to find energy alternatives.
Winter is starting early in Europe this year, as Russian energy company Gazprom said Friday it is shutting a key natural-gas pipeline indefinitely. If “indefinitely” is as long as many fear, the move will scramble Europe’s energy plans for what already was destined to be a harsh cold season.
Gazprom is turning off the spigot on Nord Stream 1, the main conduit for Russian gas into Germany and the rest of Western Europe. The pipeline already was running at only 20% capacity and was supposed to be undergoing a three-day shutdown for maintenance. The Russian company now ... Read more ...
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