"'Forcing markets to restructure at a pace faster than that of technological innovation drives up the cost of commodities like energy and, by extension, other goods and services, hurting the poorest Americans most,' they wrote. 'The [SFOF] and state leaders support policies to expand energy production and development, encourage conserving, and urge this Administration to change its policies toward American reliable energy sources in order to protect the U.S. economy, and provide energy security for American families.'"
8 Innovative Companies Tackling Climate Change to Celebrate This Earth Day
This Earth Day let’s remember that in order to reach our climate objectives, we will need the innovation and leadership of the private sector.
The Race to Produce Sustainable Steel
"Perhaps the biggest roadblock is China, where about 90 percent of steel production is achieved using blast furnaces. In September 2020, President Xi Jinping announced that the country aims to become carbon neutral by 2060. In a bid to reduce pollution from domestic steel mills, which account for roughly 15 percent of the nation’s overall carbon emissions, Beijing has also pledged to achieve peak steel emissions by 2030. Even so, 18 new blast-furnace projects were announced in China just in the first six months of 2021, according to the Helsinki-based research group Center for Research on Energy and Clean Air."
World’s largest facility to grow ‘cultivated meat’ to be built in the US
"The process of meat cultivation involves using a bioreactor where cells sourced from cell banks or eggs of the livestock animals can be grown. A bioreactor is a large vessel that provides the cells with all the necessary nutrients and conditions for optimal growth. Once the cells reach a certain stage, they can be harvested."
Bruce Westerman: “Turn Innovators Loose to Address Climate Change”
Throughout the summer the House GOP will be rolling out an energy, climate, and conservation plan. Given the high cost of energy and the need to address climate change, it is essential for policymakers to advance solutions that address both.
Blame High Gas Prices on Red Tape
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...
Private Investors Betting on Clean Energy Despite Market Selloff
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...
Temasek Sustainability Chief Doubles Down on the ‘Carbon Ecosystem’
"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."
The Jones Act Strands Hurricane Aid in Puerto Rico
"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."
America’s Suicidal Energy Policy Has Very Real Costs
"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."