American Enterprise Institute scholar Paul Kupiec thinks it may. In May President Biden authorized the Financial Stability Oversight Council (FSOC) to look into how the banking system should be regulated in light of risks from climate change. Writing in The Hill, Kupiec says the latest report of the council suggests a plan could be brewing…
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‘Negligible’ Fishermen Sue to Stop New England Wind Project
The long-planned Vineyard Wind 1 Project, to be located south of Martha’s Vineyard and Nantucket islands off the shore of Massachusetts, has hit turbulence again. In December, an arm of the Texas Public Policy Foundation sued the federal government on grounds that it was wrong to approve the project. The foundation is representing six fishing…
European Union to List Nuclear and Natural Gas as Green Fuels
A European Union proposal would allow new nuclear power and natural gas facilities to be considered “environmentally sustainable.” It is causing an uproar in Europe. Wrote the Guardian: “The draft proposals seen by the Guardian would allow gas and nuclear to be included in the EU ‘taxonomy of environmentally sustainable economic activities,’ subject to certain…
‘Ten Biggest Failures of the Climate Movement in 2021’
Steve Milloy lays them out, writing on Rob Bradley’s free-market energy blog, Master Resource: “So here are the 10 biggest failures of the climate movement in 2021. The only reason the climate movement survives past these flops is because the mainstream media keeps it afloat by failing to honestly report the news.” Among the big…
Is the Interior Department Leasing More Land for Oil and Gas than Trump Did?
An investigative report by Adam Federman in the Washington Post says that the Biden administration is issuing oil and gas permits at a rate faster than Trump did. “Between Jan. 20 and Oct. 31, the Bureau of Land Management [part of the Interior Department] approved 3,091 new onshore drilling permits—permits it could have deferred or…
How to Reduce Carbon Emissions and Hurt Poor Countries in the Process
More fallout from COP26: Wealthy countries agreed to stop paying for fossil fuel projects in Third World. The Breakthrough Institute reports: “At COP26 in Glasgow, rich nations including the US, UK, Canada, and France pledged to end public financing for fossil fuel projects abroad, essentially restricting development options in poorer countries, especially in Sub-Saharan Africa…