Call it the accident of climate journalism. After 40 years, writers are still serving up a binary problem, with idiotic back and forth about who is a denier in ways that work, sometimes deliberately, to undermine clear thinking and any concession to the changing science. Better can be done, and last weekend a new New … Read more
Oct. 13, 2022 6:22 PM ET Russian President Vladimir Putin attends a meeting in Astana, Kazakhstan, October 13. Photo: vyacheslav prokofyev/sputnik/kre/Shutterstock From Politico Europe’s “Green 28” list, October 12: Vladimir Putin The attacker turns the EU green OVERALL No. 1. . . By invading Ukraine and manipulating energy supplies to undermine European support for Kiev, … Read more
Saudi Arabia’s Prince Abdulaziz bin Salman Al Saud attends an OPEC meeting in Vienna on October 5. Photo: christian bruna/Shutterstock The Biden administration plans to “re-evaluate” America’s eight-decade-old alliance with Saudi Arabia because of last week’s OPEC+ decision to cut oil production. But the White House stance looks like an attempt to distract from the … Read more
Chancellor of the Exchequer Kwasi Kwarteng speaks during the government’s growth plan statement in the House of Commons, London, on September 23. Photo: JESSICA TAYLOR/HOUSE OF COMMONS/via REUTERS It’s a bird! It’s a plane! No, this is a real economic debate in a Western democracy. Prime Minister Liz Truss and Chancellor Kwasi Kwarteng shocked British … Read more
The green energy movement has been very good for Wall Street, and not so good for consumers. Energy prices remain stubbornly high because environmentalists control large parts of government at both the federal and state levels, demanding inefficient wind turbines, solar panels and other costly boondoggles. Meanwhile, the Wall Street cash register keeps ringing. Money … Read more
Chinese farmers on a communal farm during the Great Leap Forward in the 1950s. Photo: Universal History Archive/Universal Images Group via Getty Images The green movement’s rush to transform the energy economy while ignoring the laws of nature and economics is reminiscent of China’s ruinous Great Leap Forward. By 1957, Mao Zedong had grown impatient … Read more
Let’s come right out and say it: Anyone who still thinks climate change is a greater threat than the climate politics to financial stability deserves to be banished to a peat-burning yurt in the desert. Lest you have forgotten, the world’s central banks and other regulators are in the midst of a major push to … Read more
Wall Street and the financial industry’s social purpose should be to protect investors’ savings and retirement money. Asset managers claim to focus on financial returns, but they have teamed up with left-leaning state pension funds to shove “environmental, social and government” policies down the throats of American companies and workers whose pension funds are under … Read more
China’s economy is limping under the weight of state-created market inefficiencies, draconian Covid-lockdown policies, an imploding property bubble and an aging population. But Congress’s self-defeating Inflation Reduction Act gives President Xi Jinping something to celebrate in November at the 20th National Congress of the Communist Party. With a single legislative action, Democrats have increased Beijing’s … Read more
Germany’s energy policy is among the biggest threats facing Europe’s economy, and if there’s a silver lining, it’s that German voters are starting to realize it. Recent polls suggest a consensus is solidifying in favor of nuclear power in what has been a nuclear-sceptic country. If only the politicians in Berlin would catch up. The … Read more