John Doerr, a venture capitalist who made billions of dollars in the tech industry, is giving $1.1 billion to Stanford University to set up a school for sustainability. It is the largest-ever gift to Stanford. Wrote David Gelles in the New York Times: “The school, to be known as the Stanford Doerr School of Sustainability,…
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Reality Check: Coal Will Be Around for Awhile. A Long While.
“If you think the world is moving beyond coal, think again,” writes Robert Bryce in RealClearEnergy. India and China plan to increase their coal production by 700 million tons in the next two years. In comparison, total U.S. annual coal production is only 600 million tons. He writes: “In April, China announced it will increase…
SEC Keeps Up the Pressure on Climate Change
The Securities and Exchange Commission has taken several steps to show it’s serious about requiring companies to meet “environmental, social, and governance” (ESG) standards . . . even though there are no such standards and developing them would be a massive and dubiously useful task. Using its power to require full disclosure of information needed…
Biden’s Plans for Infrastructure Ring Hollow, Thanks to New NEPA Rules
President Biden is tightening up the environmental reviews for major projects—thus weakening the infrastructure act he appears to be so proud of. The White House Council of Environmental Quality has just issued new rules for assessing major projects under the 1969 NEPA (National Environmental Policy Act). The rules end President Trump’s relaxation of regulation and…
Elon Musk Disputes Tesla’s Removal from “ESG” Index
Elon Musk made news this past week (again) by castigating the S&P Index for removing Tesla from its index of ESG-approved stocks. “ESG is a scam,” he tweeted. “It has been weaponized by phony social justice warriors.” ESG refers to whether a company is sufficiently active in the areas of “environmental, social, and governance.” Here’s…
Plea: Don’t Force the Post Office into an Electric-Vehicle Boondoggle
“The Postal Service should not be a test dummy for the administration’s speculative goals and it is an insult to taxpayers to treat it this way.” So writes Guy Caruso on RealClearEnergy. Here’s what’s happening: The Biden administration is trying to persuade the Postal Service (USPS) to invest in more electric vehicles. In March the…