Amanda Chu and Andrew Jack of the Financial Times report that Princeton is reversing its ban on fossil fuel-funded research. Princeton University has reversed a policy that had sharply constrained the funding of academic research by fossil fuel companies, after pressure from faculty members and concerns that the rules risked hindering work on environmental challenges....
"Conservative climate policies avoid large, top-down omnibus legislation such as the Green New Deal, which would allow the federal government to reorganize the entire economy. Philosophically, conservatives focus on positive incentives to innovate toward lower emissions and support adaptation efforts as sea levels rise and weather patterns change."
"The carbon border tax or polluter import fee can therefore be understood as an attempt to solve that problem—and to universalize whatever carbon policies developed nations might impose in coming decades. But it runs up against a serious practical problem. Taxing one's own citizens is a poor way of getting other nations to change their behavior."
As the investment community begins throwing money at hydrogen, look for some serious debate in the coming months and years over what – and whether – there is value in the hydrogen economy for American businesses and consumers.
"Chevron in March announced new targets for cutting emissions intensity — that is, per unit of output — and has been striking new deals and partnerships on alternative fuels and climate."
Paul Dabbar writes in The Wall Street Journal on how deregulation has created U.S. energy independence. “Technological innovation and broad deregulation are responsible for transforming the U.S. into a global energy powerhouse. The development by American oil and gas companies of new horizontal drilling techniques and the perfection of the process of hydraulic fracturing were...
"The Green New Deal (GND) is pitched as a plan to save the planet from climate change; in reality, however, it is a progressive wishlist that would greatly expand the federal government’s powers at the expense of everyday Americans, while doing little for the environment."
"A freer market also means that a country's carbon emissions are already falling. C3 Solutions' Director of Public Policy Nick Loris made this clear in his report, 'Free Economies are Clean Economies.'"
"Initially the North Carolina plant will produce batteries for hybrid electric vehicles, but Toyota says eventually it will make materials for battery electric vehicles at the location. Currently electric vehicles make up about a quarter of Toyota’s sales, but the company says that will increase to 70% by 2030."
Thomas Frank of E&E News reports that global weather disasters cost $101 billion in 2021. >>>READ: The Truth About Extreme Weather<<< “Insured losses this year from storms, floods and other dangerous events are projected to reach $101 billion, with the damage occurring overwhelmingly in the U.S., Swiss Re said.” Read the full article here.
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