Tag Archive for: climate change

Biden Admin Weighs California’s Latest Green Gambit That Could Set Off Chain Reaction Of Economic Pain

The Biden administration could allow California to implement a rule designed to push green locomotives, but a growing list of stakeholders are warning that the regulation would severely impact the state’s economy and the national rail industry.

The Environmental Protection Agency (EPA) could soon determine whether it will allow the California Air Resources Board (CARB) to move forward with a state regulation that would ban the use of locomotives that are more than 23 years past their manufacturing date unless they run using zero-emissions technology, according to Progressive Railroading.

The rule could disrupt supply chains and saddle the state’s railway industry with huge new costs that would flow to consumers, with the effects of the rule potentially spilling out in other parts of the country, according to numerous trade groups, lawmakers and policy experts who believe the Biden administration should reject CARB’s request.

CARB passed the locomotive rule in April 2023, but the agency must first receive the EPA’s permission before it enacts a regulation that goes above and beyond federal rules, according to the EPA’s Federal Register entry on the request. Monday was the last day to file comments with the EPA about the matter, signaling that a final determination could be coming soon.

“When you look at regulations in California, they’re being promulgated by people who don’t really understand the ramifications of what they’re requiring,” Edward Ring, a veteran of the railroad industry who is now the director of water and energy policy for the California Policy Center, told the Daily Caller News Foundation. “CARB is asking for something — zero-emissions locomotives — that do not yet exist. And what’s going to happen is it’s going to dramatically raise the cost of shipping anywhere in California, and that’s going to have a ripple effect across the country. This is another example of California’s environmentalist regulations raising the cost of living.”

The rule for locomotives would take effect in 2030, assuming EPA allows CARB to proceed. Some of the rule’s critics say that timeline is too tight to meet given the current lack of dependable, affordable zero-emissions technology available for locomotives on the market.

Moreover, the rule also would require locomotive operators to pay into their own trust accounts to fund the acquisition of zero-emissions locomotives and related infrastructure, according to CARB. The payment structure requires operators to contribute more into the accounts for operating dirtier locomotives than they have to put up for running cleaner ones.

Because many other states adhere to CARB guidelines, the EPA’s approval could set off a chain reaction expanding the impact of the rule well beyond California’s borders, according to Ted Greener, vice president of public affairs for the Association of American Railroads (AAR).

“If EPA approves the waiver the rule becomes a national matter on the first day. Roughly 65% of the locomotive fleet goes in and out of California and almost all of the freight rail traffic that moves in the state of California traverses state lines,” Ted Greener, vice president of public affairs for the Association of American Railroads (AAR), told the DCNF. “Moreover, EPA granting the waiver enables other states to opt-in and replicate the regulation in full – including the phase out dates and the spending accounts. Such a balkanized system would be unspeakably costly, but also disruptive to the flow of goods.”

A “large number” of locomotives would be impacted by the rule, Greener told the DCNF. Typically, locomotives have a lifespan ranging from 30 to 50 years, and they are regularly upgraded or otherwise modified to be more fuel-efficient, Greener added.

Other rail industry interest groups, such as the American Short Line and Railroad Association (ASLRRA), have also opposed the rule.

“While the spirit behind this rule is consistent with short lines’ environmental commitment, the rule itself is impractical, unworkable, and simply not feasible for most short lines,” Chuck Baker, president of ASLRRA, said of CARB’s rule in May 2023. “In addition, this rulemaking does not acknowledge the impact of the elimination of some short line rail service to Californians … Short lines would not in fact be able to pass on these costs to their customers and some of them would be eliminated by this rule.”

For its part, CARB downplays most of these criticisms and concerns.

“Despite the availability of cleaner options, railroad companies have failed to make investments to replace their outdated, dirty locomotives that contribute to the state’s air quality problems and endanger the lives and health of Californians,” a CARB spokesperson told the DCNF. “Passenger vehicles, heavy-duty trucks, ocean-going vessels, heavy off-road equipment, small off-road engines used in landscaping, among other emissions sectors are all doing their part. It’s time for the rail industry to join and work with us to become part of the solution rather than focusing their efforts on litigation and PR campaigns.”

“In addition, under CARB’s Locomotive Regulation, railroads need not purchase new locomotives, but instead have many options available to them, including the use of zero-emission tender cars, rail electrification, or retrofitting of their existing locomotive fleet to ensure zero-emission operation while operating within California,” the spokesperson continued.

Labor unions, including the Brotherhood of Locomotive Engineers and the International Association of Sheet Metal, Air, Rail and Transportation Workers, have filed comments with EPA making their opposition to CARB’s rule clear.

Moreover, a diverse coalition of more than 60 trade groups — including the National Association of Manufacturers, the Beer Institute and the Aluminum Association — wrote a letter Friday to Karl Simon, the director of EPA’s Transportation and Climate Division, expressing significant concerns with the rule should CARB be allowed to proceed.

“This regulation from CARB has the potential to create significant disruptions in the supply chain for all sectors of the U.S. economy, especially manufacturers and shippers who rely on consistent, reliable rail service,” the letter reads. “This rule could lead to delays for businesses and increased costs for both shippers and consumers that could ultimately lead to a massive supply chain crisis. If railroads are forced to spend large amounts of money to ensure compliance with this rule, those costs will be passed along the entire supply chain and could inhibit rail service at facilities across the country – not just in California.”

“The issue is that no viable technology exists today to move freight beyond yards on a zero-emissions basis,” the letter continues. “Despite aggressive [research and development] and innovation in the rail sector and significant private investments, the technologies to achieve this rule simply do not exist at this point.”

Democratic West Virginia Sen. Joe Manchin and 11 Republican Senators also wrote their own letter expressing concern about the CARB rule to EPA Administrator Michael Reagan on April 16. In addition to raising questions about the legality of CARB’s rule, the lawmakers urged the EPA to “carefully consider the environmental, supply chain, and modal shift implications that EPA approving CARB’s waiver request would have.”

The EPA did not respond immediately to a request for comment.

AUTHOR

NICK POPE

Contributor.

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DAVID BLACKMON: Having Biden Declare A Climate Emergency Is A Crazy Idea

I recorded a podcast this week in which the host told me I am an “outlier” for being willing to write the truth about the destructive nature of the Biden administration’s energy policies. It was one of the kindest things anyone has ever said to me, frankly.

So, I guess I will be an outlier again when I write that the idea being considered again by White House officials of having President Biden declare a climate emergency so he can implement a draconian crackdown on the domestic oil and gas industry is frankly crazy. That’s the truth.

Bloomberg reported Thursday that unnamed officials inside the White House said the idea of declaring a climate emergency, first considered in 2021 and again in 2022, is once again under consideration. The only “emergency,” of course, is the president’s flagging approval ratings among impressionable young voters that threaten to derail his re-election chances. Declaring a climate emergency would arm the president with dictatorial powers to hamstring the domestic industry more than his regulators and hundreds of executive orders have already managed to do.

According to Bloomberg’s sources, actions being considered would include suspending offshore drilling, restricting exports of oil and LNG, and “throttling” the industry’s ability to transport its production via pipelines and rail. Given the industry’s crucial nature, it all sounds like a recipe for massive economic disaster.

“The average American is certainly not demanding a climate emergency declaration. It’s the losing team of left-wing Democrat activists and the shrinking base of elites who are,” U.S. Oil and Gas Association President Tim Stewart told me in an interview. “It’s not about climate, it’s about control: Control over the entire U.S. economy, control of production, manufacturing, distribution, and consumption. If you control energy, you control all these things. Which means you have control of the people.”

Stewart notes that the use of emergency powers in this instance would represent the same playbook used by federal, state, and local governments to restrict citizens’ freedoms and choices during COVID pandemic. But for the president, it would also be a means of shoring up support among the billionaire class that funds both the climate alarmist movement and so many Democrat Party campaigns, including his own campaign for re-election.

That angle was echoed by Tom Pyle, president of the D.C.-based think tank, the Institute for Energy Research. “By now, we have gotten used to incredibly damaging and stupid decisions from the Biden administration, but the idea of declaring a ‘climate emergency’ is in a class by itself,” Pyle told me. “Like the freeze on new LNG permits, the only emergency President Biden is seeking to address with this latest threat is his slippage in the polls among young voters.”

Others with whom I spoke on the matter were skeptical that the White House would really take such an extreme step in the middle of a re-election effort, but that outlook seems naïve, really. After all, who would have predicted last December that the administration would halt all permitting of new LNG export facilities purely for political reasons? Who would have predicted in late 2021 that the president would order the draining of 40% of the nation’s wartime Strategic Petroleum Reserve for no reason other than a pure political calculation designed to try to influence the 2022 midterm election?

Anyone thinking such a move would be made out of a real, good faith effort to somehow impact climate change needs to consider this: Demand for oil and natural gas is a global phenomenon that will not be reduced just because Biden cracks down on the U.S. domestic industry. Such a crackdown would inevitably create the flight of billions of dollars in capital to other parts of the world where environmental regulations are far less stringent than in the United States.

The climate alarmists advocating for this crazy policy action like to ignore the reality that the Earth has only one atmosphere which everyone shares. The U.S. oil and gas industry has dramatically cut emissions of both methane and CO2 even as it has achieved new records in production. No other nation on Earth can make a similar claim.

This is indeed a crazy idea, but it would be a mistake to assume it is not being seriously considered, and for all the wrong reasons.

AUTHOR

DAVID BLACKMON

David Blackmon is an energy writer and consultant based in Texas. He spent 40 years in the oil and gas business, where he specialized in public policy and communications.

The views and opinions expressed in this commentary are those of the author and do not reflect the official position of the Daily Caller News Foundation.

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EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

This Video Builds A Rock Solid Case For Only Trump As The Commander-in-Chief

We have written about why Donald J. Trump is the only real choice for America’s patriots to become the 47th President of the United States, here, here and here.

It appears that World Net Daily’s Bob Unruh agrees with us. In his April 15th, 2024 article titled “Stunning video builds case for only Trump as commander-in-chief”  Bob wrote,

A stunning new video has been delivered that makes the case for ONLY President Donald Trump as commander-in-chief.

The Gateway Pundit explains it is the “most powerful pro-Trump ad of the year” – “It is that good.”

It is from Claremont Institute chairman Tom Klingenstein, a philanthropist, public speaker, writer, and playwright.

He explains:

Now that President Trump is the Republican nominee for President in 2024, it’s time for Republicans, including those who doubt him or even can’t stand him to get behind him. The times demand it. We are in a war fighting an enemy of revolutionaries that kick and spit on America. I call our enemy the Woke regime or the Group quota regime. This war is a contest between those who love America and those who hate it. But we do not have a commander-in-chief. You can’t win a war without one. We shouldn’t much care whether our commander-in-chief is a real conservative, whether he is a role model for children, or says lots of silly things, or whether he is modest or dignified.

What we should care about is whether he knows we are in a war, knows who the enemy is, and knows how to win.

Trump does. His policies are important but not as important as the rest of him. Trump grasps the essential things. He understands the Group quota regime is evil and will not stop until it destroys America. He is a fighter, bold, brave, and decisive, who has confidence in himself and his country.

Trump never apologizes for America. He rightly believes America is the greatest country in history. Trump says, in effect, we have our culture. It’s exceptional, and that’s the way we want to keep it. And we won’t keep it if we usher in millions of immigrants with cultures different from our own. Trump knows his job is to protect Americans and just Americans. Protect them not just from enemies abroad, but from the woke globalists within. He knows that America does not need more diversity. It needs more cohesion. The woke radicals tell the Trump voters they are a threat to democracy. Think about that. They’re saying, You Trumpsters are a threat to democracy. The woke radicals also tell us ad nauseam that America is systemically racist. Trump knows this is deadly nonsense, and he says so. This charge of systemic racism bounces off Trump because he has no white guilt, or any guilt for that matter. Trump tells his supporters what they already know. They are not racist, and they do not have white privilege. The woke radicals shut up those who disagree. Trump will not be shut up. If they manage to put him in jail, he will still roar like a lion.

The woke radicals have the moral arrogance of fanatics. Trump, God bless him, knows we are all sinners. Trump rejects the utopian fanaticism of the woke radicals. He is a businessman who takes the world on its own terms and navigates by facts and common sense. Trump’s base knows firsthand the America that Trump wants to recover. They love him, and they know he loves them. They will fight for him because they know he will fight for them. Trump speaks to his supporters as fellow citizens without any condescension or poll-tested BS. Despite his billions, he is one of them, an outsider looking in, a man who takes catsup on his steak. And is as disgusted as they are with the anti-American elite.

This natural appeal has molded everyday patriotic Americans into an army. We cannot stop the left’s revolution and retake the nation without these men and women. Unlike most Conservatives, they will actually fight for America. But they follow Trump. Without him, they stay home. With him, they are united and determined. At his rallies, his audience invariably breaks into chants of USA, USA. In these moments, Trump and his audience mutually pledge to each other their fidelity and their sacred honor.

His enemies hate him with an indescribable fierceness. Another Hitler, they say. Elect him and he will be a dictator. We should take this hysteria as reason for hope.

The America-haters rightly fear that Trump and his party are on the threshold of a successful counter-revolution. Trump hates his enemies every bit as much as they hate him. His enemies are America’s enemies. Trump is the most towering figure of our time. He has changed politics, not just in America, but in the West. If we are to take back America, we need someone who is unmovable, who has proven that he can stand up against the immensely powerful army of woke modernity that will attack him with all its might. Someone who will go after the deep state without pity or compassion. And someone who has the conviction that America is still the last best hope of Earth. That someone is Trump. Trump, the politician, came out of the blue. An unconventional commander against an unconventional enemy. Almost inconceivable as President at any other time.

Trump fits this turbulent moment to a T. Is it too much to wonder whether the appearance of this most unconventional man is providential?

Lincoln spoke of Americans as the almost chosen people. Trump gives us hope that the God who has never forsaken his almost chosen people will not do so now.

Read full article.

WATCH: Claremont Institute chairman Tom Klingenstein on Trump’s Virtues – Part II.

The Bottom Line

In our column Comparing Two Democrats: Confederate Jefferson Davis and Joseph Robinette Biden, Jr. we warned that America is in a Civil War 2.0.

American Civil War 2.0 is about destroying our Constitutional Republic and replacing it with a one world order. It also requires the enslaving of the American people.

It is yet to be seen if it will become a fully armed conflict, although we are witnessing groups like the pro-Hamas supporters calling for “the death of America” and their storming of the White House and violent marches across America waving the flag of the terrorist group Hamas and the burning of the American flag.

Unlike the Civil War of 1861, the American Civil War 2.0 is in essence not seceding from the United States but rather destroying it from within by a cabal of traitors.

Abraham Lincoln wrote, “America will never be destroyed from the outside. If we falter and lose our freedoms, it will be because we destroyed ourselves.”

We know what President Donald J. Trump must do when inaugurated on January 20th, 2025.

He must drain the swamp from the schoolhouse to the White House, completely and totally.

©2024. Dr. Rich Swier. All rights reserved.

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Bruised BlackRock Slapped with Cease and Desist for Lying to Investors

It had been a relatively quiet 2024 for embattled BlackRock CEO Larry Fink — until about two weeks ago. Texas, in a massive blow to his woke firm, pulled the pin on an $8.5 billion dollar grenade, announcing that it was following through on its threat to drop Fink’s services where its school fund management was concerned. A firm that shuns oil and gas investments doesn’t have Texas’s best interests at heart, leaders decided. Turns out, that move — the single largest punch to BlackRock’s gut to date — was just the beginning of Fink’s spring headaches.

Late last week, Mississippi dropped another bombshell: a cease and desist order aimed at the firm’s blatant dishonesty about its ESG (environmental, social, governance) investing. When Fink cleverly withdrew BlackRock’s name from the controversial Climate Action 100+ initiative in February, he created the appearance that the world’s largest asset management firm wasn’t putting its environmental activism over its financial responsibilities. But looks can be deceiving. According to several sources, BlackRock’s anti-fossil fuel agenda is still very much alive, a fact that Secretary of State Michael Watson made abundantly clear in his complaint.

“BlackRock has made and continues to make untrue statements of material fact, and to omit material facts to make its statements not misleading to investors and potential investors in Mississippi,” the 29-page order read. “These misrepresentations pertain to BlackRock’s provision of investment services, especially its involvement in pushing Environmental, Social, and Governance (“ESG”) factors on portfolio companies. Additionally, many of BlackRock’s acts, practices, and courses of business operate or would operate as fraud or deceit upon investors and potential investors in Mississippi.”

With this legal action, Fink could face “an administrative penalty, potentially a multi-million dollar fine,” National Review warns. As far as the Magnolia State is concerned, BlackRock is openly double-crossing investors — an allegation that certainly won’t help rehabilitate the firm’s damaged image. Fink admitted last year that his company had already lost around $4 billion in business as a result of the backlash meted out by states. If he’s not careful, another serving of boycotts could be headed his way.

BlackRock claims to care about clients’ “long-term financial prospects,” Watson writes, but “[t]hese statements are untrue … because the consideration of ESG factors does not provide an indication of better financial returns or current or future risk profiles.” That, the secretary insists, is “misleading to investors who are interested in ESG for financial (as opposed to social or political) reasons, and who are led to believe that BlackRock’s ESG funds will receive a financial benefit from BlackRock’s consideration of ESG criteria.” Not to mention, he adds, “BlackRock charges higher fees for some of its ESG funds than it does for comparable non-ESG funds.”

Interestingly, Mississippi isn’t one of the 12 states who’ve either divested from BlackRock or passed laws that make that decision likely in the near future. This action, as Wild Hild of Consumers Research explained, is unique — a “first-of-its-kind” attack on the leftist agenda driving so many of these funds. BlackRock’s CEO continues “to pretend that the only time they engage in ESG, it is with permission of the shareholders — but in reality, ESG policies have seeped into every facet of BlackRock’s asset management. They’ve been lying to their customers,” Hild added.

This doesn’t surprise The Political Forum’s Stephen Soukup, author of “The Dictatorship of Woke Capital,” who pointed out to The Washington Stand, “Larry Fink wanted to be famous. Now that he is, he’s learning that one of the perils of fame is that everyone, everywhere knows what you’re doing and why you’re doing it. Among those paying the closest attention to the now-famous Fink and his massive asset management firm are elected officials, who have a clear responsibility to protect the interests of their constituents.” He believes that what we’re seeing “in Mississippi, Texas, and in other red states is the consequence of Fink’s quest for fame, wealth, and power as it collides with Republican elected officials’ quest to do their jobs to the best of their abilities.”

Publicly, the wave of 2022 backlash that led states to quit BlackRock seemed to humble Fink. Last summer, he decided to drop ESG from his lexicon because the term was too toxic. He pivoted to “energy pragmatism,” which he explained as investing in clean energy while also backing “traditional energy sources, like fossil fuels.” The firm even showed more restraint on ESG shareholder proposals, supporting just 7% of the 400 submitted according to the last annual report. “That is a marked shift,” the Washington Examiner pointed out. “BlackRock supported nearly a quarter of such proposals in the previous cycle and 47% of environmental and social proposals the cycle before that.”

And yet, none of these surface-level changes seemed to comfort Texas, where local officials warn that the firm’s anti-fossil fuel agenda will ultimately haunt the state. “BlackRock’s dominant and persistent leadership in the ESG movement immeasurably damages our state’s oil & gas economy and the very companies that generate revenues for our Permanent School Fund (PSF),” State Board of Education Chairman Aaron Kinsey argued. “Texas and the PSF have worked to grow this fund to build Texas’ schools. BlackRock’s destructive approach toward the energy companies that this state and our world depend on is incompatible with our fiduciary duty to Texans. Today represents a major step forward for the Texas PSF and our state as a whole. The PSF will not stand idly by while our financial future is attacked by Wall Street.”

Both Texas and Mississippi are committed to holding BlackRock’s feet to the fire — a move that the 1792 Exchange’s Paul Fitzpatrick applauds.

“It’s troubling to see the largest asset manager in the world, which has an army of lawyers and a fiduciary duty to customers, including state pensions for nearly all 50 states, making clearly contradictory statements,” Fitzpatrick told TWS. “To fulfill its ESG and ‘sustainable’ commitments to coalitions like the Net Zero Asset Managers initiative, BlackRock pledges to use ‘all assets under management,’ not just the funds labeled ESG, to change behavior of companies to advance political goals. This doublespeak includes the use of proxy voting, whereby BlackRock uses its customers’ funds to vote for various ESG proposals. Many customers who did not opt into ESG funds would never have voted for a ‘racial equity audit’ at The Home Depot or for Exxon Mobil to pursue net zero goals, among other resolutions,” he points out.

“We hope Secretary Watson’s courage inspires other state leaders to hold all fiduciaries accountable.”

AUTHOR

Suzanne Bowdey

Suzanne Bowdey serves as editorial director and senior writer at The Washington Stand.

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EDITORS NOTE: This Washington Stand column is republished with permission. All rights reserved. ©2024 Family Research Council.


The Washington Stand is Family Research Council’s outlet for news and commentary from a biblical worldview. The Washington Stand is based in Washington, D.C. and is published by FRC, whose mission is to advance faith, family, and freedom in public policy and the culture from a biblical worldview. We invite you to stand with us by partnering with FRC.

Woke Investment Managers Pull $15.7 Trillion from Climate Activism Pact

BlackRock and other U.S.-based investment management conglomerates have chosen to withdraw from a controversial initiative, Climate Action 100+ (CA100+), that pressured companies to “reduce greenhouse gas emissions” to “net-zero emissions by 2050 [or] sooner,” in pursuit of “limiting global average temperature increase” to 1.5 degrees above “pre-industrial levels.” The withdrawals follow financial and legal pressure from U.S. state officials, as well a new phase of cooperation for CA100+ that would move “from words to action.”

As of last June, more than 700 firms had joined CA100+, controlling a breathtaking $68 trillion, or nearly 2.5 times the U.S.A.’s annual GDP.

However, last week, Reuters reported that some of the world’s largest investment managers had withdrawn from CA100+. BlackRock, the world’s largest investment firm with $9 trillion assets under management (AUM), withdrew its U.S. arm, worth $6.6 trillion. State Street (4th largest with $4.1 trillion AUM), J.P. Morgan (6th largest with $3.1 trillion AUM), and PIMCO (14th largest with $1.9 trillion AUM) all withdrew entirely. However, Fidelity Investments, Goldman Sachs, Invesco, and Franklin Templeton (U.S. firms among the world’s 20 largest asset managers) are still signatories.

With the withdrawal of these four firms, CA100+ lost influence over the $15.7 trillion in assets they managed, cutting its influence by 23%.

At least in part, the withdrawals were triggered last summer, when the Steering Committee for CA100+ announced a “Phase Two” for their campaign of corporate climate activism, expected to last until 2030. “In phase two, the overarching goal is to go from words to action,” explained CA100+ Steering Committee Chairman Francois Humbert. The new phase would mean “more accountability, more transparency, more seniority.” The new guidelines would require investment managers to disclose how they vote on climate-related motions at shareholder meetings, as well as how often they lobby corporations and policymakers with their climate agenda.

When CA100+ upped the ante, several major U.S. investment firms promptly folded. BlackRock and State Street cited independence concerns, J.P. Morgan said it had developed “its own climate risk engagement framework,” while PIMCO claimed it “operates its own portfolio-relevant engagement activities with issuers on sustainability.”

In other words, these investment managers do not object to leveraging their fiduciary trust to pursue climate activism. All four of them are still doing climate activism on their own. They did object to the loss of independence of having an international organization micromanage their climate activism — how very American.

However, independence concerns over CA100+’s move to “Phase Two” does not fully explain the abrupt withdrawal of these investment management firms. After all, they still basically share CA100+’s goal of leveraging the investments they manage to advance their climate activism agenda. And these firms did decide to join CA100+ in the first place, knowing that it might inevitably lead to phases that required more action and accountability. Here, grasping the full picture requires viewing the scenery from more than one vantage point.

On March 30, 2023, 21 state attorneys general wrote a letter to the largest U.S.-based asset managers, expressing concern over their political activism and warning that such behavior could violate federal securities laws. The letter, led by Montana AG Austin Knudsen (R), specifically highlighted the CA100+ agenda as “potential unlawful coordination” to “push policies through the financial system that cannot be achieved at the ballot box.” It put investment managers on notice that “ongoing investigations” would “continue to evaluate” whether the firms were engaged in “potential unlawful coordination and other violations … as part of Climate Action 100+, Net Zero Asset Managers Initiative [NZAM], or the like.”

Woke asset managers have sustained considerable pressure from state governments in recent years, as the vast scale of their political activism became known. State officials have issued opinions declaring political activism with public funds illegal, published blacklists of politicized corporations the state won’t do business with, opposed woke companies’ purchases of public utility shares, and demonstrated the public support for doing so by winning subsequent elections.

Asset management firms are wilting before the ire of these state officials. Last summer, after 11 state governments pulled more than $5 billion in assets from his firm’s management, BlackRock CEO Larry Fink declared he was abandoning the acronym “ESG” (for left-wing “environmental, social, and governance causes) — but not the spirit. In December 2022, Vanguard (the world’s second largest asset manager, with approximately $7 trillion AUM) announced plans to withdraw from the NZAM after pressure from state governments.

The mini-exodus from CA100+ seems to be undertaken with the same goal in mind. The firms withdrawing from the climate pact haven’t abandoned their commitment to climate activism, but they would prefer not to become the next Bud Light in doing so. Re-asserting their “independence” from CA100+ frees them to evaluate the political or legal costs of any particular deed of climate activism and avoid provoking uncomfortable investigations or costly lawsuits. Even without changing their behavior, distancing themselves from the climate organization can help them avoid charges of “unlawful coordination” without distancing themselves from the climate agenda.

The backdrop to this performative calculus is that much left-wing corporate activism is neither essential nor profitable. In a 2022 survey of top executives, 59% of CEOs said they would “plan to pause or reconsider their organization’s ESG efforts” in response to a recession. That’s the sort of numbers you would expect from an optional extra — like a soft-serve machine in the breakroom. It might keep the workforce happy, and it might help mute outside criticism, but it doesn’t help a business achieve its core mission — to produce, move, or sell a product, or to provide certain services.

In the case of asset management firms, they provide the service of managing assets, in hopes of providing a better return for investors than they could obtain on their own. Climate activism is not relevant to the goal of asset management. In fact, climate activism can hamper an asset manager’s goal (obtaining the best return for his client) by forcing a company to adopt costly “green” policies that reduce its profitability and thus the profitability of assets invested in that company.

“Broadly, [federal securities] laws require you to act as a fiduciary, in the best interests of your clients and exercising due care and loyalty,” the attorneys general wrote the asset management firms. “Simply put, you are not the same as political or social activists and you should not be allowing the vast savings entrusted to you to be commandeered by activists to advance non-financial goals.” Asset management firms aren’t yet convinced of this argument and continue to pursue climate activism, but changes in their behavior indicate the pressure is having an effect.

AUTHOR

Joshua Arnold

Joshua Arnold is a senior writer at The Washington Stand.

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EDITORS NOTE: This Washington Stand column is republished with permission. ©All rights reserved. ©2024 Family Research Council.


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Explaining “Everything Leftism”

It’s a simple question: How can “Queers for Palestine,” the slogan on protest signs of pro-Palestinian (or anti-anti-Hamas) protesters, be a thing? (Homosexuality is stigmatized and criminalized in the Palestinian territories, while in Israel it is legal, and in secular spaces not stigmatized. As a practical matter, one would much rather be queer in Tel Aviv than Khan Yunis.)

To answer the question, one must consider the operating ideology of left-wing activism, which for lack of a better term might be called “Everything Leftism.”

An Ideology and a Structure

Everything Leftism operates on two levels, as an ideology and as an institutional structure. As an ideology, it is a corruption of or derivative from intersectionality. As intersectionality views all oppressed identities as linked in compounding dimensions, Everything Leftism views all left-of-center issues as linked in compounding dimensions.

Thus, for the Everything Leftist all issues are mutually dependent. In this view, the interests of 2SLGBTQI+ people in the United States depend on Palestinian sovereignty, which depends on radical decarbonization of the economy, which depends on widespread access to taxpayer-funded abortion, which depends on de facto open borders, which depends on every other issue in the progressive playbook.

As an institutional structure, Everything Leftism operationalizes this ideology in the philanthropic and governmental spaces. Charitable organizations and advocacy groups seeking support from left-wing institutional Big Philanthropy will be pressured to align with Everything Leftism not only on any single issue but on all issues, or at least to silence themselves on issues on which they do not align. Meanwhile, where and when administrations aligned with Big Philanthropy hold power, they will use their discretion in government grantmaking, regulatory policy, and prosecutorial decision making to carry out the tenets of Everything Leftism. The Biden administration has announced and carried out a series of “whole of government” schemes related to Everything Leftism, most notably regarding diversity, equity, and inclusion (DEI) and climate change.

Everything Leftism in Practice

Everything Leftism is much easier to see than to define. Groups associated with left-of-center causes sometimes just “tweet it out,” with graphics in the typical corporate-liberal pastel-style demonstrating how all issues are mutually dependent.

Consider the following image from the Drug Policy Alliance, a drug legalization group tied to George Soros and funded by him and numerous other prominent liberal institutional funders:

Sometimes the issue lists of supposedly single-issue groups show the depths of Everything Leftism. The Sunrise Movement is ostensibly a campaign group for an immediate severe cut in carbon emissions to stop the supposed “climate crisis.” But its list of “our demands” includes “union jobs for all,” “abolish the police,” and “ensuring that indigenous communities are well resourced and safe.” Sunrise Movement claims that these Everything Leftist positions are inherent to its environmental mission, but in reality they are extraneous.

In the labor-union space, this is why the United Auto Workers (UAW), driven to strike in part due to the consequences of the shift to electric vehicle production driven by the American and international governments’ war on cars, supports the “just transition” away from conventional fuels. Labor unions in many ways pioneered Everything Leftism with “social justice unionism.” After John Sweeney, a Democratic Socialists of America (DSA) member aligned with government-worker unions and unionism’s radical Left, replaced the George Meany-Lane Kirkland center-left Truman-LBJ regime at the AFL-CIO in the 1990s, they turned their dues-funded treasuries into general-purpose piggy banks for left-wing economic and social movements.

In a sense, the Everything Leftist intersectional politics of the DSA replaced the old industrial-class politics of Meany, Kirkland, and their turn-of-the-20th-century predecessor Samuel Gompers. Those industrial-class politics may have been left-of-center—they gave America the capital-P Progressive Movement, the New Deal, and the Great Society, which all had many political-economic problems. But they were also patriotic and recognizably American in their liberalism, as evidenced by Gompers’s resistance to European socialisms of his day and the Meany-Kirkland regime’s work against international Communism during the Cold War. But in the new post-Sweeney era, Big Labor has joined the Everything Leftists, backing causes further left than the liberalism of the Biden administration, and so the UAW demands Israel not defeat Hamas in battle.

Concluding Thoughts

Once the concept of Everything Leftism is introduced, it is easy to find examples. Blaming school choice on “racism, homophobia, and xenophobia”? Everything Leftism. Calling everything “x justice” – “racial justice,” “environmental justice,” “economic justice,” “algorithmic justice”? Everything Leftism. California offering government-funded sex changes to illegal immigrants? Everything Leftism.

Knowledge of Everything Leftism, like knowledge of the related social justice unionism, should teach that there is no prospect of long-term alignment with the Left for moderate concession on a single issue. For a real-world example, ask the Republican and conservative groups that allied with liberals for moderate relaxation of criminal justice policies whether they expected their erstwhile partners to jump headlong into defunding police and de facto legalizing mass criminality in the name of “racial justice.”

But the Permanent Revolution is the demand of the Everything Leftist, so the move to abolish the police was inevitable. That was the ultimate objective for many of the left-wing groups, and it was published in the New York Times as such.

So to answer the opening question, how can “Queers for Palestine” be a thing? Everything Leftists saw an opportunity to combine two or more supposedly oppressed identities into a novel intersectional combination and took it. This happens often and across issues.

Let any conservative seeking to work with (or worse, appease) a left-wing faction beware.

AUTHOR

Michael Watson

Michael is Research Director for Capital Research Center and serves as the managing editor for InfluenceWatch. A graduate of the College of William and Mary, he previously worked for a Washington, D.C. public relations firm.

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EDITORS NOTE: This Capital Research Center column is republished with permission. ©All rights reserved.

‘Tremendously Damaging’: Here’s The Most Aggressive Restrictions Biden’s EPA Pushed On Americans In 2023

The Environmental Protection Agency (EPA) pushed several aggressive climate regulations in 2023 that could seriously harm the American economy, energy policy experts told the Daily Caller News Foundation.

The agency proposed or finalized rules that would spur the electric vehicle (EV) transition, decrease power grid reliability by imposing costly restrictions on power plants, tighten air quality standards and more in 2023. Under the Biden administration, the EPA has made considerable efforts to further regulations that would nominally help to counter climate change, often at the expense of the American economy, energy policy experts told the DCNF.

“The EPA took a disturbing trend to a new level in 2023: a willingness to use its regulatory power to kill off industries, dictate or influence what businesses can operate and limit what goods and services are available to the public,” Daren Bakst, the director of the Competitive Enterprise Institute’s Center for Energy and Environment, told the DCNF. “Congress never envisioned the agency’s authorized regulatory power would be used as a tool for the agency to engage in central planning, reshape industries and limit consumer choice.”

The “Clean Power Plan 2.0″

The EPA’s May proposal to slash greenhouse gas emissions from power plants would require fossil fuel-fired generation facilities to adopt expensive developing technologies, such as carbon capture and sequestration (CCS) and hydrogen blending, in order to come into compliance over the coming decades. If finalized in its current form, the regulations— which the EPA contends are legal under the auspices of the Clean Air Act— would significantly raise the chances of blackouts in a massive swath of the Midwest while imposing costs to stakeholders totaling nearly $250 billion, according to analysis conducted by the Center of the American Experiment (CAE).

Power the Future, an energy advocacy organization, dubbed the proposal the “Clean Power Plan 2.0” in a November report because of its strong resemblance to the Obama administration’s “Clean Power Plan” proposal, which the Supreme Court struck down in its landmark decision in West Virginia v. EPAin 2022.

The EPA is moving forward with the proposal, despite the North American Electric Reliability Corporation and a key official for the Federal Energy Regulatory Commission warning that the premature retirement of fossil fuel-fired baseload generation and increased reliance on intermittent green energy, like wind and solar, threatens future grid reliability.

“The proposed rule does not require that plants go offline,” an EPA spokesperson told the DCNF in August. “The proposed rule would require plants to install proven technology to abate greenhouse gas emissions. The proposal provides owners and operators of power plants with ample lead time and substantial compliance flexibilities, allowing power companies and grid operators to make sound long-term planning and investment decisions, and supporting the power sector’s ability to continue delivering reliable and affordable electricity.”

However, CAE and one of its leading grid experts, Isaac Orr, are not convinced.

The agency “does not appear to have the expertise necessary to enact such a sweeping regulation on the American power sector,” CAE wrote in its August comments in response to the agency’s proposal.

“This is the regulatory equivalent of studying the structural integrity of the top floor of a 100-story building without doing so for the preceding 99 floors,” Orr told the DCNF.

Tailpipe Emissions Standards

In April, the agency unveiled its proposal for new tailpipe emissions standards in an effort to curb emissions attributable to transportation. The proposed standards would be historically stringent if finalized and they would effectively mandate that 67% of all light-duty vehicles sold after model year 2032 are EVs, according to the EPA.

Under the proposed rules, 46% of medium-duty vehicle sales and 25% of heavy-duty sales will be EVs, according to the agency’s projections.

The proposal could be “tremendously damaging for the American people,” Diana Furchtgott-Roth, the director of the Heritage Foundation’s Center for Energy, Climate and Environment, told the DCNF. “The reason the agency is pushing these rules is because Congress would never pass these as laws … this rule would be very damaging for Americans and get rid of an iconic means of transportation.”

The administration has spent billions to facilitate its ambitious EV push, and other agencies, such as the National Highway Traffic Safety Administration, have promulgated their own similar rules as well. Despite these efforts, the American EV market is on tenuous footing: consumer demand is not growing as rapidly as anticipated, companies are losing large sums of money on their EV product lines, auto executives are starting to back away from short-term EV production targets and the nation’s EV charging infrastructure remains inconsistent and unevenly distributed across the country.

Notably, the House passed a bill that would effectively nullify the proposal earlier in December by a bipartisan vote, but it is unlikely to make it through the Senate, and the White House has suggested that President Joe Biden will veto the bill if it lands on his desk, according to The Hill.

Fine Particulate Pollution Standards

In January, the EPA proposed to tighten the existing National Ambient Air Quality Standards (NAAQS) for fine particulate pollution (PM 2.5) in order “to better protect communities, including those most overburdened by pollution,” the agency announced in a press release.

More than 70 industrial executives penned a letter to White House Chief of Staff Jeff Zients warning him that it could lead to massive swaths of the nation falling out of compliance with the rule, which would in turn choke economic development and complicate key goals of Biden’s own green industrial agenda, according to its text.

The states that would be most directly impacted by a finalized PM 2.5 NAAQS update would be Texas, California, Michigan, Ohio, Pennsylvania, Georgia, Nevada, Arizona and Illinois, according to the letter’s text.

“PM 2.5 is the most demonstrable science fraud going on at the EPA,” Steve Milloy, a senior legal fellow for the Energy and Environment Legal Institute, previously told the DCNF. “There is more than enough scientific research to demonstrate that what EPA is doing here is fraud, and it is really a testament to the corruption of the scientific community.”

If finalized, the proposal would kill jobs and put the EPA in a position to deny local economies the right to develop, because states that can not comply with the tightened standards would have to receive approval from the agency to develop new industrial factories and power facilities, Milloy told the DCNF.

The EPA projects that the policy would generate up to $43 billion in net health benefits in 2032, as well as prevent 4,200 premature deaths per year and restore 270,000 lost workdays per year by reducing the current standard of allowable fine particle pollution by up to 25%.

Waters of the United States

In January, the agency proposed a regulation that would define the “Waters of the United States” (WOTUS) under the EPA’s regulatory purview as “navigable waters” to include lands containing small streams and wetlands. A federal court blocked the January proposal in April, finding that the 24 states that sued the agency had “persuasively shown that the new 2023 Rule poses a threat to their sovereign rights and amounts to irreparable harm.”

Then, in May, the Supreme Court limited the EPA’s authority under the Clean Water Act — which it had cited as the enabling statute for the January proposal — in its decision in Sackett v. EPA, a case brought by a couple whom the EPA tried to stop from constructing a house on their land in Idaho.

In August, the agency “finalized amendments to its January rule, which are just a half-hearted and incomplete set of corrections to try and fix the flawed rule,” Bakst told the DCNF. “These amendments don’t properly comply with the Sackett opinion and fail to provide needed clarity to implement the opinion. And they did so without seeking public comment.”

The EPA exhibited a “complete disregard for private property owners and the rule of law” in its proceedings pursuant to WOTUS regulation in 2023, Bakst told the DCNF.

Neither the EPA nor the White House responded immediately to a request for comment.

AUTHOR

NICK POPE

Contributor.

RELATED ARTICLE: EPA Bureaucrats Can Rake In Six-Figure Salaries While Mostly Working From Home, Report Finds

EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

New York City’s Climate Policies Could Make Life Even More ‘Unaffordable’ For The Middle Class

New York City is moving forward with several climate policies which are likely to make everyday life even more costly for the middle class in one of the country’s most expensive cities.

The city is aiming to slash its greenhouse gas emissions by 80% come 2050, push a sweeping building electrification mandate known as Local Law 97 and impose an automobile traffic congestion fee, each of which will increase the costs of living or working in the nation’s largest city, especially for the middle class, energy and New York policy experts told the Daily Caller News Foundation. Queens, Brooklyn and Manhattan each already rank within the 15 most expensive places to live in the U.S., according to an analysis conducted by CNBC.

“The city is wealthy because, somewhere out there, people are producing energy, food, clothing and so on, and people are trading all of that in New York,” Dan Kish, a senior fellow for the Institute for Energy Research, told the DCNF. The city’s emissions target “will make things more expensive and drive people away to places like Florida,” he added.

That flight of capital would shrink the tax base, thereby straining the city’s finances further, Kish told the DCNF. “People without the means, working people, do not have the opportunity to just pack up and leave,” Kish told the DCNF. “But it’s easy if you’re Mike Bloomberg.”

Local Law 97, meanwhile, is poised to impose emissions standards that approximately 50,000 buildings in New York City will have to meet starting in 2024, with additional restrictions imposed starting in 2030, according to The New York Times.

Some buildings are easier to retrofit with the appropriate wiring and equipment necessary to comply than others, and a large share of the high costs incurred by landlords and building owners for coming into compliance will almost certainly be passed on to residents, Jane Menton, a mother who lives in a Queens co-op and has led a grassroots effort to fight against Local Law 97, told the DCNF.

“Progressives in Queens, Manhattan and Brooklyn are so afraid to go against the narrative that this rule is a climate solution… but it’s unaffordable to convert buildings to electric so they won’t convert to comply with the rule, they will just pay fines which will then allow the city to use the money to plug gaps in the budget,” Menton told the DCNF. “The same politicians and advocates who claim to care about the city’s working class wrote a law that will push them out of their homes… functionally, this law is just a carbon tax on the middle class.”

Notably, other cities, such as Boston, have pushed for similar building electrification policies to fight climate change, and the Biden administration has spent hundreds of millions of dollars to help state and municipal governments pursue policies that “decarbonize” buildings as well.

The New York City congestion pricing tax is promulgated by the Metropolitan Transportation Authority (MTA), which is technically not an agency operating under the auspices of the municipal government.

Congestion pricing is meant to reduce emissions and air pollution by charging drivers fees to enter certain sections of the city. Specifically, the MTA has proposed to charge passenger cars $15 and trucks as much as $36 to be able to enter a large swath of Manhattan, according to local outlet NBC 4.

However, the proposal may not significantly reduce the amount of traffic that piles up on the city’s roadways, potentially even increasing the amount of congestion in areas like the Bronx, according to the New York Post. Qualifying low-income drivers who register with the appropriate authorities could also receive a 50% discount on the charges after their first ten trips into the relevant area of Manhattan, according to local digital news outlet northjersey.com

“Congestion pricing should be viewed primarily as a revenue action to cover the MTA’s indefensibly high capital costs,” Ken Girardin, director of research for the Empire Center, a New York-focused think tank, told the DCNF. “As to congestion itself, policymakers have declined to do basic things like enforce parking rules or dial back the parking permits given to public employees or other policy changes that would take cars off lower Manhattan roads because those aren’t things you can borrow money against.”

The policy would also make life more expensive for people who do not live in the city but make the commute each day to go to work, according to Politico. Notably, politicians in London, the U.K’s largest metropolis, have attempted a similar scheme, which Republican New York City Councilman Joseph Borelli of Staten Island described as “a complete disaster” and an “abject failure” when discussing New York’s forthcoming version of the scheme in January.

“If all of New York state went ‘net-zero’ today, United Nations climate modeling indicates that a mere 0.0023° F of global warming would be avoided by 2050. That is far from measurable, much less significant. So nothing would be accomplished,” Steve Milloy, a senior legal fellow for the Energy and Environment Legal Institute, told the DCNF. Businesses will stay in NYC and play along with the climate agenda, including high taxes, as long as costs can be passed on to locals. When profitability stops, businesses will leave… The costs of the climate agenda are regressive. Poorer people will feel them first.”

The offices of Democratic New York City Mayor Eric Adams and the MTA did not respond immediately to the DCNF’s request for comment.

AUTHOR

NICK POPE

Contributor.

RELATED ARTICLES:

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EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

Investors Are Turning On A Key Pillar Of Biden’s Climate Agenda

Investors are backing off of electric vehicle (EV) charging companies, a key player in the Biden administration’s wider climate agenda, The Wall Street Journal reported Tuesday.

Major companies in the industry— including ChargePoint, EVgo and Blink Charging— have seen their stock prices tumble over the past year as investors worry about their profitability, a sign of potential trouble for an industry that the White House is counting on to reach its aggressive longer-term EV targets, according to the WSJ. The administration has set aside billions of dollars to boost the industry, which it will need to thrive in order to develop a nationwide network of charging stations.

ChargePoint’s stock price is down 74% in 2023, while EVgo and Blink Charging have seen their shares lose 21% and 67% of their value, respectively, according to the WSJ.

ChargePoint, which the administration has touted in the recent past, is also currently subject to a class action lawsuit that alleges company executives engaged in securities fraud by making misleading statements that unduly inflated the firm’s share price.

“I think the investor class has grown weary of the industry’s lack of profitability,” Blink Charging’s CEO Brendan Jones told the WSJ. EV charging companies once received lofty valuations from investors, Jones told the WSJ.

The Biden administration spent $7.5 billion in the bipartisan infrastructure law to help build out a nationwide network of 500,000 charging stations in order to help reach its goal of having 50% of all new car sales be EVs by 2030. McKinsey, a leading consulting firm, has estimated that there will need to be about 1.5 million public chargers installed by 2030 if that target is to be achieved, according to the WSJ. At present, there are nearly 160,000 public chargers available at approximately 60,000 locations nationwide.

EV charging companies are generally struggling to turn a profit right now, but they expect to attain profitability within the next year or two, according to the WSJ. However, the wider EV industry is lagging despite the Biden administration’s efforts to support it, and charging companies find themselves in a difficult bind: more consumers need to switch to EVs to help these companies improve their performance, but consumers may be hesitant to do so if the reliability of the nation’s charging infrastructure remains inconsistent.

Currently, the vast majority of charging infrastructure is concentrated in more densely populated coastal areas as opposed to more rural areas of the country, according to the Department of Energy (DOE).

ChargePoint, EVgo, Blink Charging and the White House did not respond immediately to requests for comment.

AUTHOR

NICK POPE

Contributor.

RELATED ARTICLE: EXCLUSIVE: Sen. Ernst Is Pulling The Plug On Biden’s Electric Vehicle Charging Initiative

EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

UN declares: ‘Whether you like it or not, fossil fuel phase-out inevitable’ – UN ‘is literally psychotic…We have to say HELL NO to idea of Net Zero!’

We’re Saved!? UN declares: ‘Whether you like it or not, fossil fuel phase-out inevitable’ – Morano: UN ‘is literally psychotic…We have to say HELL NO to idea of Net Zero!’

By Marc Morano

Morano: “The UN Secretary-General said whether you like it or not, fossil fuels are going away. Well, gee, if that’s the case, then these UN COP meetings are going away. You had the British Foreign Secretary, King Charles, and Richie Rich — Richie Sunak, their Prime Minister, fly there in three separate private jets to this summit. In many ways, this is just absolute virtue signaling, Laura.

Morano: “Since March of 2020, the whole world has changed. They are lusting after what they saw in COVID. And the most significant thing of this COP 28 happened about a week before COP 28 And that’s when a couple of hundred medical journals urged the World Health Organization to declare climate change a public health threat. The idea here is to bring this under public health authority. So if you could declare a COVID emergency or you can declare any kind of public health pandemic you can now call climate change as part of that and that’s what they’re looking for — to bypass democracy.”

Morano: “It’s easier to transition your gender, than it is the transition energy, especially the way the United Nations is going about it — centrally planned, command and control. They’re not backing off of this at any level. But the danger comes from the corporate government collusion that was there.” Over 200 health journals call on the UN & WHO to recognize ‘climate change’ as ‘a global health emergency’

‘COMMAND AND CONTROL’: Nations at COP28 agree to transition from fossil fuels – Climate Depot executive editor Marc Morano calls the United Nations’ climate push ‘absolute virtue-signaling’ on ‘The Ingraham Angle.’

CLICK HERE TO WATCH: ‘The Ingraham Angle.’ – Fox News Channel – Broadcast December 13, 2023

Rough Transcript:

Laura Ingraham:  Joining me now is Marc Morano, executive editor at Climate Depot. We just got back from Cop Out 28 in Dubai mark at the UN Secretary General also applauded the move saying that the era of fossil fuels must end and it must add this is my favorite part with justice and my favorite word equity. Yeah, okay, Marc, what is this really all about? How much is it going to cost us?

Marc Morano: Well, today, you need to hug your children because the UN and 190-plus nations have announced the end of fossil fuels. Now keep in mind that 100 years ago in the world — 80% of our energy came from fossil fuels, and today, 80% of our energy comes from fossil fuels. But hey, it’s going away.

You know what the UN Secretary-General — the former president of Socialist International — which the media doesn’t seem to mention that very much. But the UN Secretary-General said whether you like it or not, fossil fuels are going away.

Well, gee, if that’s the case, then these COP meetings are going away. You had the British Foreign Secretary, King Charles and Richie Rich,  Richie Sunak, their Prime Minister, fly three separate private jets to this summit. In many ways, this is just absolute virtue signaling, Laura.

But here’s the thing since March of 2020, the whole world has changed. They are lusting after what they saw in COVID. And the most significant thing of this COP 28 happened about a week before COP 28 And that’s when the couple 100 medical journals urged the World Health Organization to declare climate change a public health threat. The idea here is to bring this under public health authority. So if you could declare a COVID emergency or you can declare any kind of public health pandemic you can now call climate change as part of that and that’s what they’re looking for — to bypass democracy and that’s the whole setup. And that’s why this is really window dressing for the real power happening behind the scenes.

Laura Ingraham: Well, and that’s when they want to get rid of cash, they can track all of your all your purchases, electric cars, they can stop you from moving out of your allowed territory and so forth. But I know that China got a big free pass as usual and also India, because they’re, I mean, they’ve already said we’re not phasing out of I mean, they’re not going to phase out of anything. It’s vital to their economies and their people. They know what fossil fuels as it is to ours.

Marc Morano: The Indian environmental minister was on record as saying, we’re not going to limit our development because they are 20 to 30% of our population is in poverty. China, on the other hand, they’re going to be exempt, and they are pushing hard – Laurie they had an entire pavilion, the the most elaborate setup with a picture of Xi Jinping over the COP 28 sign.

And they literally were pushing for as much transition to solar and wind from fossil fuels. China was pushing the West to be more reliant on — drumroll please — China, which is what they’re doing,

And I would argue it’s easier to transition your gender, than it is the transition energy, especially the way the United Nations is going about it — centrally planned, command and control. They’re not backing off of this at any level. But the danger comes from the corporate government collusion that was there, and they also had children’s events there. They had sustainable fashion events. They have it all covered at these conferences.

Laura Ingraham: Marc, great to see you.

Over 200 health journals call on the UN & WHO to recognize ‘climate change’ as ‘a global health emergency’

Watch: ‘Stop Net Zero, Save Red Meat!’ Climate skeptics crash COP 28 & engage in traffic blockade at the UN climate summit in Dubai

https://www.climatedepot.com/2023/12/15/were-saved-cop-28-un-climate-claims-to-end-fossil-fuels-morano-goal-is-literally-psychotic-we-have-to-say-hell-no-to-this-whole-idea-of-net-zero/

December 15, 2023 – 10:47 am
Hug your children today! The UN has struck a deal to end fossil fuels & save the planet!
Watch: Morano on Fox w/ Varney on UN climate summit: ‘We have to say HELL NO’ to this whole idea of Net Zero’ – ‘This is an insane goal. It’s an insane meeting’
Varney & Co. – Fox Business – Broadcast December 13, 2023 – Phasing out fossil fuels is an ‘insane goal’: Marc Morano – Climate Depot executive editor Marc Morano discusses worldwide calls to phase out fossil fuels and Al Gore blaming the mental health crisis on climate change.
Watch: Morano on Fox News w/ Ingraham on COVID/Climate merging: ‘The most significant event of COP 28 happened before COP 28, when 200 medical journals urged the WHO to declare climate change a public health threat’
‘The Ingraham Angle.’ – Fox News Channel – Broadcast December 13, 2023Over 200 health journals call on the UN & WHO to recognize ‘climate change’ as ‘a global health emergency’Watch: Morano gives analysis and sums up UN climate summit with Alex Newman on TNT’s Unleashed with Marc Morano – 12 December 2023

COP28: Hype and Reality – ‘COP28 was futile climate theatrics’ – Full of ‘phony climate promises’ – ‘We must abandon Net Zero before it’s too late’

You have NO CHOICE! UN Sec. Gen. António Guterres (the former president of Socialist International) declares: ‘Whether you like it or not, fossil fuel phase out is inevitable’

UN Celebrates! COP28 Agreement Signals ‘Beginning of the End’ of the Fossil Fuel Era – UN brags it is ‘ratcheting up climate action’CNN: ‘It’s time to limit how often we can travel abroad – ‘Carbon Passports’ may be the answer’ – ‘Drastic changes to our travel habits are inevitable’ – Suggests restrictions will be ‘forced’ upon publicWatch: ‘Stop Net Zero, Save Red Meat!’ Climate skeptics crash COP 28 & engage in traffic blockade at the UN climate summit in DubaiWatch: I participated in a traffic blockade at the UN climate summit in Dubai – Climate skeptics turn the table on climate activists! CFACT’s 1 minute climate protest video here at the COP28 conferencesWatch: Morano on Fox on COP 28: Believing we can abolish fossil fuels & a UN climate pact is going to save us ‘is literally psychotic’ – ‘Net Zero is a Soviet-style central planning technique that has to be roundly defeated’
 
Morano on UN COP28 Climate Summit & Net Zero Goals of Fossil Fuel Phase-Out:

Morano: “Let’s say it out loud. Net Zero is a Soviet-style central planning technique that has to be roundly defeated. We need Republican leadership. We need the House Speaker. We need Mitch McConnell. We need them to do a Sense of the Senate, a declaration of Congress to declare Net Zero an anti-human agenda.

It’s one of the greatest farces that ever come from the United Nations — the idea that the UN is going to act as though they’re they can control the dial of the earth and control the temperature by crushing human energy and development. … 

And just to go back to the whole big picture, 100 years ago, 80% of our energy came from fossil fuels. Today, 80% of our energy comes from fossil fuels both globally and in the US. The idea that we can get rid of fossil fuels in the next few decades and that the UN is going to save us or the idea that the Inflation Reduction Act is going to save us — is literally psychotic. It has no science or common sense behind it.”

NYT: ‘Saudi Arabia Is Trying to Block a Global Deal to End Fossil Fuels, Negotiators Say’

‘Tears flowed’ at COP 28 climate summit as UN agreed to ‘historic’ decision to TAKE AWAY YOUR FOSSIL FUELS to save planet!!

Flashback 2020: Crying over ‘climate change’ – Tears, sobbing, & ‘climate grief’ is an actual thing for activists – Special Report

Via Climate Nexus: https://newsletter.climatenexus.org/saudis-had-unregistered-oil-employees-at-cop-tesla-recalls-cars-more

COP28: Was COP28 a success or flop? Depends who you ask (TIME), The world has a new floor for climate ambition (The Atlantic), Climate talks end on a first-ever call for the world to move away from fossil fuels (NPR), What to make of the deal struck at COP28 (Economist), Heard at UN climate talks: Quotes that tell the story (AP), Climate summit makes ‘historic progress’ — but the world still can’t quit oil (E&E News), How an oil executive led the world to an agreement to ditch fossil fuels (Grist), COP28 deal just about keeps net zero on the road (Reuters), COP28 kicks carbon trading down the road as EU blocks deal (Reuters), COP28 agreeable to Saudis as it lets nations chart own course – source (Reuters), The world just made it clear the fossil fuel era is ending — with some wiggle room (Washington Post $), Analysis: At COP28, Sultan al-Jaber got what the UAE wanted. Others leave it wanting much more (AP), In the end, an oil man won a climate summit deal on moving away from oil (New York Times $), Oil companies are fine with call to move away from fossil fuels (New York Times $), COP28 ends with legacy potential after breakthrough fossil fuel pact (Axios)

JUSTICE: The last residents of a coastal Mexican town destroyed by climate change (AP), Climate reparations are becoming a reality. Here’s what they could look like. (Grist), Analysis: It’s uncertain if push to ‘Stop Cop City’ got enough valid signers for Atlanta referendum (AP)

Technocracy: Critics Slam UN ‘Climate Scientists’ Bid for Dictatorial Power

Over 200 health journals call on the UN & WHO to recognize ‘climate change’ as ‘a global health emergency’

COP 28: UN scientists seek Fauci-like ‘powers – Gore & Kerry demand phase-out of fossil fuels – ‘Clothing limited to 3 new items per person’

Eliminate fossil fuels for the kids’ future! Climate activist: ‘COP28, the clock’s ticking’ – ‘Phase out fossil fuels? Yes, please’

Scientist Dictators emerge at Cop28! UN IPCC scientists declare: ‘We need power to prescribe climate policy’ – ‘Scientists should be allowed to make policy prescriptions & potentially oversee implementation’

Gore declares: Agreement to phase out fossil fuels would be ‘one of the most significant events in the history of humanity’

‘Climate lockdowns are here & now’ – Marc Morano Joins Rose Unplugged From COP28 Climate Conference in Dubai

Watch: Morano on TV from Dubai COP 28 UN climate summit on Destroying The World’s Energy Supply

Not again!? ‘This may be our last chance’: Cop28 talks ‘enter final phase’ — But every climate summit is hailed as the ‘last chance!’

UN climate summit serving burgers, BBQ as it calls for US to stop eating meat – Offerings include ‘juicy beef,’ ‘slabs of succulent meat,’ smoked wagyu burgers & Philly cheesesteaks

©2023. Marc Morano. All rights reserved.

President Of UN Climate Confab Says There’s ‘No Science’ Behind Push To Phase Out Fossil Fuels

Sultan Ahmed Al Jaber, the president of this year’s United Nations (UN) climate summit, said that there is “no science” behind calls to eliminate fossil fuels to counter global warming, according to The Guardian.

Al Jaber also said that getting rid of fossil fuels would not allow for sustainable economic growth “unless you want to take the world back into caves,” according to The Guardian. He made the remarks during an exchange with Mary Robinson, the chair of the Elders group and a former UN special envoy for climate change, during a virtual event held on Nov. 21.

“There is no science out there, or no scenario out there, that says the phase-out of fossil fuel is what’s going to achieve 1.5,” Al Jaber told Robinson, referencing the 1.5 degrees Celsius threshold for increase in global average temperatures that many scientists and activists point to as critical to stay below, according to The Guardian.

“Please help me, show me the roadmap for a phase-out of fossil fuel that will allow for sustainable socioeconomic development, unless you want to take the world back into caves,” Al Jaber told Robinson, according to The Guardian.

Al Jaber’s comments drew the ire of other UN officials, including UN Secretary-General Antonio Guterres, and climate activists, who advocate for a much stronger international effort to abandon fossil fuels and switch the world’s economy to relying on green energy generation, according to The Guardian.

Al Jaber’s presidency has also generated other controversies, as he runs the Emirati state-owned renewable firm and the state-owned oil and gas giant. Leaked documents showed that Emirati officials planned to use COP28-related meetings to discuss potential business dealings related to the two firms with foreign officials, and separate documents revealed how the companies viewed Special Presidential Envoy for Climate John Kerry as a key player in efforts to secure their future financial success.

Despite Al Jaber’s comments and the appearances of potential conflicts of interest, the conference he is overseeing has resulted in several major developments. For example, several of the world’s developed countries, including the U.S., pledged hundreds of millions of dollars combined to a de facto international “climate reparations” fund, and American officials approved a new set of methane emissions regulations that could severely impact the domestic oil and gas industry.

The UN did not respond immediately to a request for comment.

AUTHOR

NICK POPE

Contributor.

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U.S. To Hand Billions To United Nations’ ‘Green Climate Fund’ For Poor Countries

President Joe Biden’s administration is committing an additional $3 billion to help developing countries fight climate change, the White House announced Saturday.

The allotment will go toward the United Nations’ Green Climate Fund and will be pledged by Vice President Kamala Harris at the COP28 summit in Dubai, according to the White House. The U.S.’ pledge will bring the fund to its largest level so far, as other countries like France, the United Kingdom, Germany and Japan have already made similar commitments that totaled $9.3 billion, according to Bloomberg, who first reported the funding.

“Since day one, President Biden, Vice President Harris, and the entire Biden-Harris Administration have treated climate change as the existential threat of our time,” the White House’s announcement reads. “After spearheading the most significant climate action in history at home and leading efforts to tackle the climate crisis abroad, the United States heads into the 28th U.N. Climate Change Conference (COP28) in Dubai, United Arab Emirates (UAE) with unprecedented momentum.”

The U.S. reached $5.8 million in international funding geared toward curbing climate change in 2022, compared to $1.5 billion allotted during 2021, according to the State Department. The Biden administration will exceed $9.5 billion this year, and the president is already planning on topping $11 million in 2024.

Wealthy countries are supposed to commit $100 billion per year to help developing countries fight climate change, a pledge that began in 2020, according to Bloomberg.

The Biden administration’s commitment follows a trend of funding green energy initiatives the president has focused on during his tenure, including his signature climate law, the Inflation Reduction Act (IRA). The IRA approved $750 billion in new spending, $370 billion of which went toward Biden’s green energy initiatives aimed at curbing climate change.

The U.S. pledged over $17 million toward an international “climate reparations” fund at the summit on Thursday. The fund is also geared toward helping developing countries fight against the impacts of climate change.

AUTHOR

MARY LOU MASTERS

Contributor.

RELATED ARTICLE: Biden Admin Pledges Millions To International ‘Climate Reparations’ Fund

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Biden Admin Preparing To Finalize Barrage Of Methane Regulations

The Biden administration is gearing up to finalize a host of emissions rules and regulations in the coming months, E&E News reported Wednesday.

The rules and regulations are all focused on methane, a greenhouse gas that is more potent, but dissipates more quickly, than carbon dioxide, and align with the administration’s commitment to attacking climate change with a “whole-of-government” response. The Biden administration is aiming to finalize the slew of methane regulations in the coming months ahead of the 2024 election, which would make the rules more difficult for a potential Republican administration to scrap should President Joe Biden loseaccording to E&E News.

The White House is reviewing an Environmental Protection Agency (EPA) final rule that would cut methane emissions from oil and gas production, refining, transport and storage, according to E&E News. The rule could be finalized on Dec. 2, when the U.S. hosts a methane summit with China and the United Arab Emirates at the upcoming United Nations climate conference.

The Biden administration and China committed to working together to control methane emissions last week, though the Chinese climate envoy has balked at calls to ditch fossil fuels and the country permitted an average of two new coal plants each week in 2022, according to the Centre for Research on Energy and Clean Air.

The EPA is also looking to finalize regulations for power plant and vehicle emissions in the coming months, according to E&E News. A separate EPA methane tax regulation from the Inflation Reduction Act (IRA), Biden’s signature climate bill, is currently under White House review and due to become finalized early in 2024. The rule will be based on updated and more aggressive reporting standards.

Meanwhile, the administration is working with the European Union and other countries to craft new international standards to give low-methane natural gas privileged access to the European market, according to E&E News. While work on these standards is underway, it is unclear when they will become final.

The Department of Transportation (DOT) is working on a rule for pipelines for methane leak detection and repairs, according to E&E News. The agency had signaled that it would unveil the final rule in July, but it has not come out yet. The American Gas Association slammed the proposal as an example of “overreach” that sets “highly unrealistic” compliance timelines when the agency unveiled it in August.

The Bureau of Land Management (BLM) is also crafting a methane rule focused on leaks from oil and gas production on federal lands, according to E&E News. The final rule was supposed to be unveiled in September, but the White House has not yet reviewed it.

The Treasury Department is also working on tax credit eligibility guidelines for “green hydrogen” projects, according to E&E News. The guidelines for the sizable tax credits, made available for the IRA, will set the threshold for acceptable levels of upstream methane leaks from gas used to produce the hydrogen.

The White House, the EPA, the DOT, the Treasury Department and the BLM did not respond immediately to requests for comment.

AUTHOR

NICK POPE

Contributor.

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All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.

‘Climate Virtue Signaling’: Another Blue State Commits To Banning New Gas-Powered Car Sales By 2035

New Jersey will prohibit the sale of new gas-powered vehicles by 2035 in order to fight climate change, state officials announced Tuesday.

Democratic New Jersey Gov. Phil Murphy and Shawn LaTourette, the commissioner of the state’s Department of Environmental Protection announced Tuesday that Murphy would file the “Advanced Clean Cars Rule II” for adoption on Dec. 18, with the policy coming into effect on Jan.1, 2024. The policy will bind the state to completely phasing out the sale of new gas-powered vehicles by 2035, with incremental benchmarks for increasing the minimum share of manufacturers’ new fleets that are zero emission vehicle requirements along the way.

“Here we see yet another Democrat elected official pandering for votes by interceding in the markets in a way that will create perverse incentives for automakers and inevitably higher costs for consumers,” David Blackmon, a 40-year veteran of the oil and gas industry who now writes and consults on the energy sector, told the Daily Caller News Foundation about the policy. “This is just one more example of why politicians are literally the very worst class of people in our society to be making energy-related decisions for the rest of us. Everything they do in this space only serves to make our situation worse.”

New Jersey joins a growing list of states that have adopted 2035 bans on the sale of new gas-powered cars. Other states with similar or identical policies include  California, Vermont, New York, Washington, Oregon, Massachusetts, Virginia, Rhode Island, Maryland and Connecticut, according to Coultra.

The state will start restricting the number of gas-powered vehicles that can be sold in the state in 2027, before arriving at zero in 2035, according to Murphy’s office. The 2027 benchmark will require manufacturers to ensure that zero emissions vehicles compose 43% of their new car fleets.

The policy does not ban ownership or use of internal combustion engine vehicles, and it will not bar the sale of used gas-powered cars, according to Murphy’s office.

“There is no justification, environmental or otherwise, to ban gas powered vehicles,” Tom Pyle, president of the American Energy Alliance, told the DCNF. “All it does is force automakers to charge more for the types of vehicles that consumers actually want to buy. This power grab by unelected bureaucrats will make it harder for tens of thousands of New Jersey residents to buy their first car.”

Environmentalists and other green energy advocates often tout electric vehicles (EVs) as the future of American transportation and car culture, but they have several significant problems that their gas-powered counterparts do not. Public charging station performance remains inconsistent, drivers often have range anxiety, EVs tend to perform poorly in cold weather and they cost significantly more than gas-powered cars.

“By filing the landmark Advanced Clean Cars II rule, New Jersey builds upon its standing as a national leader in climate action and its participation in the global Accelerating to Zero commitment,” Murphy said of the policy.

Notably, some of Murphy’s other decarbonization efforts have not gone as smoothly as hoped. In October, Orsted, a major offshore wind developer, terminated two massive wind farms off the state’s coast that were expected to provide low-emissions power to the state for years to come. Now, the company is attempting to get out of up to $300 million it owes the state, which could ultimately leave New Jersey taxpayers on the hook.

“Governor Murphy needed another means of climate virtue signaling since Orsted messed up his offshore wind plans by cancelling two major projects last month,” Blackmon told the DCNF. “This is what he chose.”

Murphy’s office did not respond immediately to a request for comment.

AUTHOR

NICK POPE

Contributor.

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Biden Admin Doubles Down On Climate Cooperation With China As Xi’s Economy Goes On Coal Binge

The Biden administration announced on Tuesday that it is doubling down on efforts to work with China on climate change.

The State Department unveiled a comprehensive strategy reaffirming the administration’s commitment to taking on climate change as a global problem alongside China, even during a time of rocky relations between the two nations and clear signs that China may not be inclined to ditch fossil fuels anytime soon. The countries are on the same page regarding emissions reduction targets and strategies, cooperation through international institutions, subnational agreements and numerous other specific topics, according to the State Department.

China permitted an average of two coal-fired power plants per week in 2022, according to NPR, and their climate envoy said in September that the complete elimination of fossil fuel energy is an “unrealistic” goal. Nevertheless, the Biden administration is committed to working with China to reduce numerous classes of emissions, including methane and nitrogen oxides, both of which are associated with coal.

Both countries welcome subnational agreements focused on climate, such as those reached by Democratic California Gov. Gavin Newsom and representatives of the Chinese Communist Party (CCP), according to the State Department. Additionally, the countries are jointly committed to turning back forest loss, reducing plastic pollution and rapidly developing green energy generation sources.

Tuesday’s agreement on climate stands as one of several tentative deals reached this week between the two countries. On Wednesday, President Joe Biden and Chinese President Xi Jinping agreed to halt the production of illicit fentanyl and resume inter-military communications in California during their first meeting in a year.

Notably, the State Department announcement also alludes to a joint plan to hold “a high-level event on subnational climate action” at some point in the first half of next year.

The two countries also committed to working together to keep United Nations average temperature targets in reach in ways that “[reflect] equity and the principle of common but differentiated responsibilities and respective capabilities, in light of different national circumstances,” according to the announcement. China is technically a developing nation in the eyes of the United Nations, despite being by far the world’s leading emitter of greenhouse gases and its status as the world’s second-largest economy, and it appears unwilling to pay into the so-called “loss and damages” fund, a de facto international climate reparations program by which rich countries would pay developing, poorer countries for the impacts of climate change.

The “loss and damages” program is poised to be a major topic of discussion at the upcoming United Nations climate conference, which itself is another point of collaboration between Washington and Beijing, according to the announcement.

The State Department did not respond immediately to a request for comment.

AUTHOR

NICK POPE

Contributor.

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EDITORS NOTE: This Daily Caller column is republished with permission. ©All rights reserved.


All content created by the Daily Caller News Foundation, an independent and nonpartisan newswire service, is available without charge to any legitimate news publisher that can provide a large audience. All republished articles must include our logo, our reporter’s byline and their DCNF affiliation. For any questions about our guidelines or partnering with us, please contact licensing@dailycallernewsfoundation.org.