J.D. Tuccille writes in Reason about high gas prices. “Burying their industry in red tape and choking off access to capital has been a very effective signal to rethink their entire business strategy. Oil industry insiders may coast along and enjoy the profits from existing capacity, but they’re unlikely to invest in facilities to meet...
Amrith Ramkumar of The Wall Street Journal reports on funding for clean tech. “Intersect Power LLC and three other climate startups have together raised more than $1.6 billion in the past week. Large investment firms and venture capitalists, many with hefty cash piles, appear to be optimistic about the sector despite worries about high inflation...
"Carbon dioxide removal (CDR) is critical to achieving climate goals, alongside radical emissions reductions. Models project that by 2050 we will need to permanently remove billions of tons of CO₂ from the atmosphere every year. To date, fewer than 10,000 tons have been removed in total."
Sway’s technology and design seem promising. They were one of the eight finalists in the Tom Ford Plastic Innovation Prize and have won financial backing from major stores, including Target, CVS, and Walmart.
"In addition to helping manage the climate strategies of the companies in Temasek’s portfolio, which includes carbon-heavy businesses such as Singapore Airlines Ltd. and Sembcorp Marine Ltd. , an engineering company that builds and services oil rigs, Dr. Howard works with Temasek’s investing teams on incorporating sustainability considerations in the way they look for new investments."
As more and more DAC schemes begin operating, it is anticipated that the overall costs involved will decrease significantly.
This fall, policymakers should rally around the relentless progress facilitated by an “all of the above” energy strategy and reject the leftist “everything but fossil fuel” strategy that puts American workers last and dictators first.
"The Jones Act, also known as the Merchant Marine Act of 1920, is protectionism at its worst. The law says waterborne cargo between U.S. points must be carried by ships that are primarily built, owned and crewed by Americans. This raises shipping prices, while shifting cargo to trucks, which are less efficient and worse for the environment. The law also explains why wintry Boston imports Russian liquefied natural gas."
"The West has surrendered wise policy—or even simply non-suicidal policy—in favor of allegiance to pipe dreams. Then we wonder just why reality seems to keep collapsing in on us like an abandoned house."
In a few short months, the United States will have a new Congress. Their top priority should be permitting reform.
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