By Peter Adam ~ President Biden is doubling down on efforts to compel (“nudge” is the preferred euphemism) investors to put their hard-earned dollars into schemes that supposedly promote often misguided — but highly politicized — environmental, social and governance (ESG) priorities. On Monday, March 20, he vetoed – his first such action – a […]
By Rupert Darwall ~ The collapse of Silicon Valley Bank (SVB) occurred just days after Congress passed the Braun-Barr resolution, which overturns the Biden administration’s “Prudence and Loyalty” rule and its encouragement of environmental, social, and governance (ESG) investing by pension managers under the Employee Retirement Income Security Act (ERISA). The timing could hardly be more […]
By Rupert Darwall ~ This year brings an end to an era of illusions: a year that saw the end of the post–Cold War era and the return of geopolitics; the first energy crisis of the enforced energy transition to net zero; and the year that brought environmental, social, and governance (ESG) investing down to […]
By Paul Driessen ~ Warning: Your retirement fund may have been Shanghaied by BlackRock or other Wall Street asset managers who’ve unilaterally decided that the tens of trillions of dollars of other people’s money they control should be used to advance political causes they favor – to “make the world a better place.” As most […]
By Anthony B Kim ~ Russia’s war on Ukraine makes the effort known as the Three Seas Initiative “even more urgent,” U.S. Secretary of State Antony Blinken said in a recent speech via video to a related summit meeting in Riga, Latvia. The urgency is not only for the initiative’s member nations and partners, Blinken […]
By Ronald Stein ~ Energy growth, electricity AND the products made from oil derivatives manufactured from crude oil and the fuels to power ships, planes, militaries, and space programs, are directly linked to prosperity and well-being across the globe. Today, most of the energy the world consumes is from hydrocarbons, with crude oil being the […]
By Ronald Stein and Dr. Jay Lehr ~ The Biden Administration and the United Nations support the ability of the banking industry and our investment giants to work together to reshape our economy and our energy infrastructure. They are using a Chinese style scoring system where businesses are graded on their management of issues relating […]
By Larry Bell ~ Following up on Joe’s “as long as it takes,” response to a press reporter’s question at the June 28 NATO summit in Madrid regarding how long American drivers should be prepared to endure premium gasoline penalties, his top economic advisor highlighted the key reason this pump pain patience is so important. […]
By Ronald Stein ~ Life Without Oil is NOT AS SIMPLE AS YOU MAY THINK as renewable energy is only intermittent electricity from breezes and sunshine as NEITHER wind turbines nor solar panels can manufacture anything for society. The demand for fuels to move the heavy-weight and long-range needs of more than 50,000 jets for […]
By Adam Houser ~ As part of its ongoing mission to confront and expose leftist agendas in the corporate world, CFACT attended the virtual JPMorgan Chase & Co. annual shareholder meeting. Several heated issues were discussed related to the shareholder proposals set forth at the meeting. The most dangerous proposals would have required that JPMorgan […]
By Ronald Stein ~ Today, there is a lost reality that the primary usage of crude oil is NOT for the generation of electricity, but to manufacture derivatives and fuels which are the ingredients of everything needed by economies and lifestyles to exist and prosper. Energy realism requires that the legislators, policymakers, media and the […]
By Bonner Cohen, Ph.D. ~ In a move designed to push back against the environmental, social, and governance (ESG) policies of big financial institutions, Oklahoma has adopted legislation that will require the Sooner State to divest from any financial company that boycotts the fossil fuel industry. The Energy Discrimination Elimination Act of 2022 (House Bill […]
By Peter Murphy ~ Last month the Biden Administration unveiled the latest chapter in its climate war against democracy and Americans’ standard of living. The federal Securities and Exchange Commission (SEC) proposed a series of new regulations on publicly traded companies to disclose “climate-related risks” and impact, each company’s green-house gas emissions, and a plethora […]
By Ronald Stein ~ A year before being inaugurated President in 2021, Biden professed that “we are going to get rid of fossil fuels”. Before the recent inauguration, America achieved for the first time since Harry Truman was president about 70 years ago, to finally become crude oil independent and no longer held hostage to […]
By Patrick Tyrrell ~ The misappropriation of the economic freedom of millions of mom-and-pop investors by BlackRock Inc. CEO Larry Fink has unintended consequences. “We have a new bunch of emperors, and they’re the people who vote the shares in the index funds,” Charlie Munger, business partner of philanthropist Warren Buffett and a big proponent […]
By Ronald Stein ~ Today, Environmental, Social and Governance (ESG) divesting in fossil fuels are all the rage on Wall Street these days to divest in all 3 fossil fuels of coal, natural gas, and crude oil, just to reduce emissions. Both President Biden and the United Nations support allowing banks and investment giants to […]
By Ronald Stein ~ The hydrocarbon processing industry, i.e., refineries, has a rich history of discovery, challenges, breakthroughs, trial and error, collaboration, and success. Looking back a little more than 100 years, it’s easy to see how civilization has benefited from more than 250 leading-edge, hydrocarbon processing licensed refining technologies used by the more than 700 […]
By Ronald Stein ~ As late as the 1800’s, the world was “decarbonized” as there were no coal or natural gas power plants, and what the Beverly Hillbillies situation comedies of the 1960’s theme song called “oil that is, black gold, Texas tea”, had not been discovered as something that could be manufactured into usable products. Before […]
By Paul Driessen ~ Growing numbers of companies, banks, universities and investment houses are adopting Environmental, Social and Governance (ESG) standards and disclosure rules. They’re pressured to do so by activists, legislators and regulators. Many expect to get rich via taxpayer-subsidized “renewable” energy projects. Nearly all hope to “greenwash” their reputations, by claiming they’ll “make […]
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March 24, 2023 by PA Pundits - International
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