Joel Kotkin explains in his National Post article Western nations cripple their economies with green initiatives while China and others laugh. Excerpts in italics with my bolds and added images.
Despite massive subsidies and world forums,
green power still only represents one-fifth of global energy
North America, with its vast resources, may be in a position to save the economies of the west. But governments on both sides of the border seem more concerned with green virtue signaling than actually finding a workable approach to carbon emissions that does not undermine our economies and ability to defend ourselves.
The prevailing notion, both in Ottawa and D.C., is that our countries should ignore our resources, and how best to use them, in order to fulfill a messianic vision of massive, rapid emissions reduction.
However, as much this appeals to academics and wealth
pearl-clutchers in cities, it translates into higher prices than normal.
As the NDP’s Jagmeet Singh suggested, it places unfair “burdens” on the working class, one reason for his opposition to the tax. Worse still, the biggest green targets of what climatistas label as “industrial carbon” could devastate those same NDP voters — blue collar workers in mining, like manufacturing, logistics and agriculture.
Canada does not need another way to slow its economy. One recent estimate suggests that the proposed $170 a ton proposal would slice 1.8 per cent from the country’s already anemic GDP and cost upwards of 185,000 net jobs. Even Liberals admit something close to a 1 per cent decline. Some may see these draconian attempts to wipe out fossil fuels as the Lord’s work, but on the ground level it seems closer to class warfare.
Trudeau and his supports insist these policies are critical for saving the planet. Yet, attempts to follow such approaches elsewhere have not ended well. In Europe, most obviously Germany, as well as California, the shift to “renewable energy” has led, as it usually does, to high prices that already are driving German industry off the continent. Although not nearly as well-endowed with energy as North America, the climate lobby in Europe makes sure to throttle anything, such as offshore oil in the UK — in pursuit of green puritanism.
There’s something delusional in many of these initiatives. A key mistake is the common green assertion that fossil fuels are becoming obsolete and should be wiped out for the benefit of fitting a new economy. Yet, in the real world, despite billions in subsidies for “green power,” fossil fuels still represent roughly four fifths of global energy generation, just as it did twenty years ago. This is after expenditures of over one trillion were spent on solar and wind. The West has been reducing per capita emissions for years, but this is utterly subsumed by growth in developing countries, notably China, which not only buys huge amounts of natural gas but continues to open new coal-fired plants at a rapid rate.
North Americans be forewarned that in imposing burdens on themselves, but not competitors, green governments are essentially guaranteeing their own decline. Already in the EU, nearly a million industrial jobs have been lost over the past few years, with investment shifting to countries like China and India, which freely use coal and fossil fuels to keep costs down.
Britain’s path may give the starkest preview of the future Biden and Trudeau have in mind for us. Since 1990 the manufacturing sector’s share of GDP has dropped roughly 50 per cent along with several million jobs. This parallels a two thirds drop in UK energy production, while consumption has fallen by only one third. Three decades ago, a net energy exporter, the UK now increasingly depends on imports from the Middle East and other unstable regions.
The winner here is clearly China, a country that emits more GHG than all developed countries put together. Ironically, carbon reduction policies fit brilliantly into its strategy to use its coal and other fossil fuel energy to power their takeover of the “green economy.” China has placed itself in the catbird’s seat on renewable energy, including utter domination of solar panels and electric vehicles. China already produces twice as many EVs as the US and the EU combined, and seeks to leverage its total domination of the solar-panel industry — its battery capacity is now roughly four times ours. China also exercises effective control of the requisite rare earth minerals and the technologies used to process them.
As the west’s own overpriced EVs sit on lots, China plays us for utter fools as we undermine our own industrial economy. The forced march to EV will be particularly tough on the 125,000 who work in Canada’s car factories. Manufacturing and mining, much of it energy-related, represent, along with real estate, two of the country’s largest industries. Under the current circumstances, they are heading for a spectacular fall. Overall, the EV industry in the U.S. uses 30 per cent less domestic labor than traditional gasoline car manufacturing, and under current circumstances can only hope for some basic assembly work using Chinese components.
These policies will affect every industry and consumer as cars and things like heaters are all forced to electrify. Britain’s shift to EVs is projected to double the demand for electricity by 2040, and its government is already looking to ban the use of home chargers during peak hours. By 2050 in California, state consultants estimate total energy demand will skyrocket, by some estimates rising 60 to 90 per cent. Not surprisingly, the state will face “acute electricity shortages” over the coming decade, according to one recent analysis.
Rising demands for electricity for artificial intelligence seems likely to add to this burden. Microsoft alone is opening a new data centre globally every three days. These power-hungry operations are expected to grow from 4.5 per cent of energy demand to 10 per cent by 2035. Artificial intelligence and data center demand are leading to massive expansions in projected energy use around the world at a time of restricted supply. Google, renowned for its green virtue signaling, has boosted its own emissions by 50 per cent since 2019.
Ultimately, the oligarchs will likely get their juice from sources like decommissioned nuclear energy, while the average family will take the economic hit in order to fulfill the agenda pushed by the likes of Steve Jobs’ widow, Lauren, Michael Bloomberg, the Rockefellers, Jeff Bezos and venture capitalist John Doerr. These, and other oligarchic allies, are waging a sophisticated and well-financed media and institutional campaign to catastrophize the climate issue as a way to ban gas stoves, stop new LNG facilities, and crack down on plastics.
Finally, there is the issue of security, particularly relevant in an age of declining western power. The new green mandates, if adopted, presage yet another force to further reduce the industrial prowess of western countries, while driving more industries to China, India, and other countries who produce their goods with dirtier fuels and develop resources with less environmental care. At the same time, third world countries, for the most part, are not embracing “net zero,” as it is totally infeasible for them and will likely resist western lectures on climate policy.
All of this is occurring as a concert of ugly energy producers — Russia, Iran, and Venezuela — press their advantage on western countries. They stand to benefit from continued de-industrialization as one way to further weaken the military capacity of the west. Taking away North American liquified natural gas from Europe simply makes the continent more dependent on such malefactors as Qatar, a primary backer of terrorists and their supporters, and may lead the west, hat in hand, to beg from even worse regimes, like Russia and Iran.
The good news — while green virtue-signaling may appeal to Trudeau, Biden, and Harris — these policies could be impacted by political realities. Worried about voters in industrial states like Michigan and Pennsylvania, Harris, even as she embraces environmental bromides, has backed away from EV mandates and opposition to fracking, albeit with dubious credibility. Yet, perhaps she realizes, or those around her do, that these policies do not sell well compared to promoting more affordable and reliable energy. Trudeau, if he wants to remain relevant, may similarly need to flip the script if he hopes to forestall an utter political defeat.
Update on ominous overreach by Biden/Harris regime comes from Just the News While the SCOTUS denies request to block EPA power plant rule, challengers vow to continue fight. As explained below, EPA intends to require expensive and impractical CO2 Capture and Storage on all power plants using carbon fuels, thereby forcing shutdowns. Excerpts in italics with my bolds and added images,
Analysts say that if the rule is implemented, more than 5 million
people could experience blackouts, some lasting for 41 hours.
The Supreme Court ruled against a bid to block the EPA’s power plant rule while legal challenges make their way through the courts, but West Virginia, which is leading the coalition of states challenging the rule, vows the fight isn’t over.
In a brief order, Justices Brett Kavanaugh and Neil Gorsuch said that the applicants “have shown a strong likelihood of success on the merits as to at least some of the challenges to the” EPA’s rule.
However, the justices explained, the stay wasn’t needed because compliance requirements wouldn’t begin until June 2025, which means the applicants wouldn’t “suffer irreparable harm” before the Court of Appeals for the D.C. Circuit decides the merits of the case. Injunctive relief, such as sought here, requires clear and convincing proof that the harm be immediate and irreparable.
The lower court is expediting the case, the justices noted, meaning it would be resolved in the court’s current term. Afterward, the case would still have time to return to the Supreme Court, if it’s warranted.
The EPA rule, which was finalized in April, requires that coal-fired power plants be fitted with carbon capture technology controlling 90% of their carbon dioxide emissions by 2039, and new gas-fired power plants will need to do the same starting in 2035, depending on the amount of runtime they have.
Energy analysts Isaac Orr and Mitch Rolling revealed that the EPA failed to do a proper analysis of the impacts of the rule, and if implemented, over 5 million people will experience blackouts, some lasting for 41 hours. While the EPA has defended the rule and argues that carbon capture is “well proven,” its own modeling showed it expected only one coal plant and no gas plants to be fitted with the technology as far out as 2055.
Two dozen states led by West Virginia filed a lawsuit against the EPA in May, arguing that the agency exceeded its authority with the rule. Utilities and industry groups also filed legal challenges to the rule. In July, the U.S. Court of Appeals for the D.C. Circuit denied the parties’ requests to block the rules while the courts considered the challenges, and the court ruled the applicants wouldn’t succeed on the merits of their case.
In court filings, the EPA noted that the lower court ruled the applicants are unlikely to succeed in arguing the agency exceeded its authority, and it stood by the rule and its carbon capture requirements, arguing that the technology has been “adequately demonstrated.”
West Virginia Attorney General Patrick Morrisey said in a
statement on the high court’s ruling that the fight isn’t over.
“This is not the end of this case: we will continue to fight through the merits phase and prove this rule strips the states of important discretion while forcing plants to use technologies that don’t work in the real world,” Morrisey said.
In 2022, the Supreme Court had sided with West Virginia and other states in a challenge to the Obama-era “Clean Power Plan.” Morrisey said that the high court had made clear limits to what the EPA can do, and the Biden administration’s “green new deal agenda” is ignoring those limits.
“This rule is yet another attempt of unelected bureaucrats to push something the law doesn’t allow,” Morrisey said.
Indiana, Alabama, Alaska, Arkansas, Florida, Georgia, Idaho, Iowa, Kentucky, Louisiana, Mississippi, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, South Carolina, South Dakota, Tennessee, Texas, Utah, Virginia, and Wyoming joined the application to the Supreme Court.
Kamala Harris wants to deprive Americans of the right to choose cars and household appliances. When she claims, as she did at a rally last week in Michigan, that “I will never tell you what kind of car you have to drive” she is guilty of two of the Democrats’ most reviled offenses, malinformation (failure to contextualize a statement) and misinformation (lying).
Combating climate by changing infrastructure, consumer goods,
and lifestyle is one of Harris’s core values.
As recently as this year, the Biden-Harris administration continued to issue regulations and battle in court for the right to reduce consumer options for automobiles and home appliances. Harris favors consumers having choices, just so long as those choices are limited to those she pre-approves.
Then Senator Harris co-sponsored the Senate version of Alexandira Ocasio-Cortez’ Green New Deal. Harris believed that mandating priorities and choices to limit emissions was so important that she advocated ending the filibuster to do so. Harris also co-sponsored the Zero Admissions Vehicles Act to require that all cars be EVs, or otherwise zero-emissions, by 2040. When she ran for president in 2019, she issued a plan to phase out new gas-powered cars even sooner – by 2035.
In April 2023, the Biden-Harris administration proposed rules that would ensure that EVs accounted for about 67 percent of all new car sales by 2032 (just eight years from now). After objections from nearly every sector and region of the country, the EPA issued final rules on March 20 of this year that require from 31 percent to 44 percent of new cars, SUVs, and pickup trucks manufactured in 2027 be EVs, with the final percentage to be based on emissions from other vehicles. The EPA rules require that by 2032, EVs account for at least 56 percent of new car sales, and at least another 13 percent be hybrids, leaving not more than 31% as gas powered.
In 2023, EVs accounted for only 7.6 percent of new car sales. That is because, despite subsidies and massive pressure from government and the Left, consumers dislike EVs. EVs have limited range, particularly in the cold. They take a long time to charge, and it is difficult for those who live in apartments to do so. They are costly. EVs maynot even be particularly good for the environment once the electrical grid and generating capacity are expanded to support mandates, and disposal of lithium ion batteries is considered. It also is unlikely the U.S. could have sufficient generating capacity without brownouts, blackouts, and other conservation measures.
EV mandates imperil national security by replacing fossil fuels, in which the U.S. is the world leader, with minerals found in China. China also is the low cost manufacturer of EVs, meaning that EV mandates will send American jobs and profits to China.
Energy expert Mark P. Mills warns that “All the world’s mines, both currently operating and planned, can supply only a small fraction of the… increase in various minerals that will be needed to meet the wildly ambitious EV goals,” while the UN Trade Development Agency advises there will be considerable shortages in lithium, cobalt, and copper if EV requirements are not slowed.
The strong disfavor in which consumers hold EVs is seen in two numbers. As Fortune observed, “no one wants to buy used EVs,” destroying resale value, and second, EVs are the least likely cars to be stolen. Numerous major automobile manufacturers are cutting EV production targets, and earlier this year Hertz announced that it was disposing of a third of its almost new EV fleet. The 2024 Deloitte Global Automotive Consumer Study found that EVs were never very popular among consumers, and familiarity is breeding contempt, with a 9% increase in the popularity of gas powered cars. A Gallup survey in April found that among Democrats who don’t yet own an EV, the percent saying they would never purchase an EV rose 10 points, compared to a year ago.
Harris not only wants to deprive Americans of the opportunity to choose gas-powered cars and most hybrids, but she also supports the Green New Deal’s goal of prohibiting sales of home appliances that do not meet draconian emissions standards. To date, the Biden-Harris administration has sought to take off the market most home dishwashers, heaters, air conditioners, and gas stoves. A federal appeals court struck down the Department of Energy’s action targeting dishwashers.
In May, the House passed the Hands Off Our Home Appliances Act on a bipartisan basis. That bill is intended to restrain the administration from banning home appliances that run on natural gas.
Next time Kamala Harris claims that she won’t tell you what to buy,
just keep in mind that she intends to eliminate most options,
leaving you with a Hobson’s choice of poorly performing alternatives.
David Blackmon provides the background in his Daily Caller article Bureaucrats Worry Democracy Will Get In The Way Of Their Climate Agenda. As the above image suggests some of those in power have not shied away from acting in defiance of democratic norms. By imposing climate policies and regulations they have diminished the livelihoods and freedoms of the public they supposedly serve. Excerpts in italics with my bolds and added images.
I have frequently written over the last several years that the agenda of the climate-alarm lobby in the western world is not consistent with the maintenance of democratic forms of government.
Governments maintained by free elections, the free flow of communications and other democratic institutions are not able to engage in the kinds of long-term central planning exercises required to force a transition from one form of energy and transportation systems to completely different ones.
Why? Because once the negative impacts of vastly higher prices for all forms of energy begin to impact the masses, the masses in such democratic societies are going to rebel, first at the ballot box and if that is not allowed by the elites to work, then by more aggressive means.
This is not a problem for authoritarian or totalitarian forms of government, like those in Saudi Arabia, China and Russia, where long-term central planning projects invoking government control of the means of production is a long-ingrained way of life. If the people revolt, then the crackdowns are bound to come.
This societal dynamic is a simple reality of life that the pushers of the climate alarm narrative and forced energy transition in western societies have been loath to admit. But, in recent days, two key figures who have pushed the climate alarm narrative in both the United States and Canada have agreed with my thesis in public remarks.
In so doing, they are uttering the quiet part about
the real agenda of climate alarmism out loud.
Last week, former Obama Secretary of State and Biden climate czar John Kerry made remarks about the “problem” posed by the First Amendment to the U.S. Constitution that should make every American’s skin crawl. Speaking about the inability of the federal government to stamp out what it believes to be misinformation on big social media platforms, Kerry said: “Our First Amendment stands as a major block to the ability to be able to just, you know, hammer it out of existence,” adding, “I think democracies are, are very challenged right now and have not proven they can move fast enough or big enough to deal with the challenges that we are facing.”
Never mind that the U.S. government has long been the most focused purveyor of disinformation and misinformation in our society, Kerry wants to stop the free flow of information on the Internet.
The most obvious targets are Elon Musk and X, which is essentially the only big social media platform that does not willingly submit to the government’s demands for censoring speech.
Kerry’s desired solution is for Democrats to “win the ground, win the right to govern by hopefully having, you know, winning enough votes that you’re free to be able to, to, implement change.” The change desired by Kerry and Vice President Kamala Harris and other prominent Democrats is to obtain enough power in Congress and the presidency to revoke the Senate filibuster, pack the Supreme Court, enact the economically ruinous Green New Deal, and do it all before the public has any opportunity to rebel.
Not to be outdone by Kerry, Deputy Prime Minister Chrystia Freeland of Canada, who is a longtime member of the board of trustees of the World Economic Forum, was quoted Monday as saying: “Our shrinking glaciers, and our warming oceans, are asking us wordlessly but emphatically, if democratic societies can rise to the existential challenge of climate change.”
It should come as no surprise to anyone that the central governments of both Canada and the United States have moved in increasingly authoritarian directions under their current leadership, both of which have used the climate-alarm narrative as justification. This move was widely predicted once the utility of the COVID-19 pandemic to rationalize government censorship and restrictions of individual liberties began to fade in 2021.
Two sides of the same coin.
Frustrated by their perceived need to move even faster to restrict freedoms and destroy democratic levers of public response to their actions, these zealots are now discarding their soft talking points in favor of more aggressive messaging.
This new willingness to say the quiet part out loud
should truly alarm anyone who values their freedoms.
Chris Morrison provides the analysis in his Daily Sceptic article ONS Reveals the Pitiful Number of New Green Jobs Being Created in the U.K. Economy. Excerpts in italics with my bolds and added images.
The problem with the green U.K. economy, and its associated destruction of the hydrocarbon environment, is that there are very few jobs being created. The few remaining ‘workers’ in the ruling Labour party are starting to rumble all the luxury boondoggles that are set to further decimate well-paid jobs in their communities. The figures compiled by the Office for National Statistics (ONS), trying to estimate the actual number of green jobs, are always a highly creative hoot, and the latest batch are no exception. Many jobs identified are simply displacement activity, with one repair or maintenance occupation taking over from another. Around 6% of the total are to be found in ‘environmental charities’, an interesting way to describe elite billionaire political funding to push the Net Zero fantasy. Such is the seeming desperation to rustle up a green job, the ONS even includes repairing home appliances, controlling forest fires and separating hydrogen by carbon dioxide-producing electrolysis.
The latest ‘estimates’ from the ONS cover 2021 and 2022, and they are said to show an increase in both years. But as the graph below reveals, the rises are pitiful over a decade, and the 2022 estimate of 639,000 is less than 2% of jobs in the economy as a whole.
As can be seen, environmental charities employ 40,000 people, almost as many as the 47,000 that work in renewable energy. But the charities figure does not include all those make-work jobs in environmental consultancy and education or what is described as in-house environmental activities. If all the displacement, invented or re-badged jobs in repair, electric vehicles, waste disposal, water treatment, energy efficiency, Net Zero promotion, teaching and the ubiquitous bureaucracy are rightly ignored, it is unlikely that more than 150,000 new jobs have been created.
Fairly small pickings, it might be thought, from all the cash sprayed at subsidy-hunting chancers over at least two decades. Even worse, any new jobs are easily offset by the occupations being destroyed in steel making, refining hydrocarbons, coal mining and oil and gas exploration. Fracking for gas would transform a number of deprived areas in the U.K. at little environmental cost, as it has done in the U.S. Energy security would likely be achieved, and the tax take would be considerable. But fracking is anathema to the major political parties in the U.K., except the emerging Reform party.Last week saw some real push back on the madness of Net Zero and the so-called green economy. The boss of GMB, the third largest trade union in the country, told the annual Labour party conference that its plans to decarbonise the energy network by 2030 will cost up to one million jobs, decimate working communities and push up bills for the poorest. According to Smith, Government’s plans for Net Zero were “bonkers” and “fundamentally dishonest”. In a week when it was revealed that British consumers, both industrial and private, had some of the highest electricity prices in the developed world, he charged that current energy policy amounted to virtue signalling by politicians. He accused them of exporting jobs and importing virtue because the jobs were being created abroad rather than in the U.K.
Meanwhile, a recent paper published in Science came to a damning conclusion that will not surprise sceptics, namely that 96% of climate policies over the last 25 years, ultimately designed to reduce carbon dioxide emissions, have been a waste of money. “That’s where green spin has got us,” writes George Monbiot, although these days the Guardian’s extremist-in-chief seems to have given up on all life enhancing processes that run the risk of disturbing anything on the planet. “Finally, 15 years and a trillion dollars too late, George Monbiot says what sceptics have been saying all along,” observes the sceptical journalist Jo Nova. “Nearly every single carbon reduction scheme is a useless make-work machination that creates the illusion that the government is doing something,” she says.
As we can see, the ONS survey is full of these make-work schemes providing jobs that can only exist by rigging free markets and providing eye-watering subsidies from consumers and taxpayers. As the more concerned trade unionists can see, much of the cost of these fantasy ventures falls on the poorest members of society forced to pay higher prices for many of the basic essentials of life. In addition, as we have observed, most green schemes make mugs of the wider investing public, with the RENIXX, a stock capitalisation global index of the 30 largest renewable industrial companies, showing near zero growth since it was started in 2006. None of this matters, of course, to the Mad Miliband and his weird wonks at the U.K. Department of Energy, who are ramping up ideological plans to hose cash at daft ideas like carbon capture, battery energy storage and hydrogen production.
Not only is CO2 Capture and Storage wildly impractical, its aim is to deprive the biosphere of plant food.
But all is not lost on the jobs front – opportunities must be taken when they occur. Earlier this year, Gary Smith was able to point to some new employment clearing away the animal casualties of wind farm blades. “It’s usually a man in a rowing boat, sweeping up the dead birds,” he observed.
Q: What is the difference between Golf and Government?
A: In Government you can always improve your lie.
–Anonymous Source
Tyler Durden reports at Zerohedge Meat Substitutes Still A Tiny Sliver Of US Meat Market. Excerpts in italics with my bolds and added images.
Over the past few years, plant-based meat substitutes have come closer and closer to mimicking the real thing, with brands like Beyond Meat having even sussed out how to create fake meat that “bleeds”.
But, as Statista’s Anna Fleck details below, after an initial boom, the company has rapidly come down from its peaks.
There are several reasons for the hype having died down, one of which being that many consumers decided to move away from buying the often more expensive items amid the cost of living crisis.
Another reason cited is that plant-based meats have become a part of the U.S.’s culture war, labeled as a symbol of left-wing politics and a binary to “real” meat.
According to data from Statista’s Market Insights, plant-based meat substitutes accounted for a mere sliver of the U.S. meat market last year.
Not counting insect-based meat alternatives or cultured, i.e. lab-grown meat, meat substitute sales amounted to $1.4 billion in 2023, while sales of fresh and processed meat added up to almost $124 billion.
Outlook
What’s Next?
Baylen Linnekin writes at Reason Public Health Researchers Float Idea of Climate-Change Warnings on Menu Items. Excerpts in italics with my bolds and added images.
Warning diners that red meat is bad for the environment is yet another attempt
to socially engineer food choices.
A study released last week suggests that fast-food menus that feature labels urging diners not to order red meat off those same menus due to the “climate impact” of those food items can help convince customers to swap out red meat for what the researchers argue are more climate-friendly foods—from fruits and vegetables to poultry and seafood. The study, published in Jama Network Open and led by researchers from Johns Hopkins University, concludes that “climate impact menu labels may be an effective strategy to promote more sustainable restaurant food choices and that labels highlighting high-climate impact items may be most effective.”
The study’s data comes from more than 5,000 Americans who took part in a nationwide online survey last year. Study participants were instructed to “imagine they were in a restaurant and about to order dinner” from an accurately priced sample menu containing a variety of choices, including hamburgers, chicken sandwiches, plant-based burgers, and salads.
The study asked participants to “order” different foods after viewing one of three types of sample menus online. Outside of a control group, the study presented web users with choices that either disparaged the sustainability of red-meat dishes or touted the sustainability of dishes not containing red meat. Based on the results, which showed people who were more likely to avoid red meat if it had a red warning label and more likely to order other menu items if they featured a green health halo, the authors conclude that “climate impact menu labels [a]re effective” and “that labeling red meat items with negatively framed, red high-climate impact labels was more effective at increasing sustainable selections than labeling non-red meat items with positively framed, green low-climate impact labels.”
The study has spurred some news outlets to suggest governments around the world
may—or should—operationalize its findings.
“Policymakers have been debating how to get people to make less carbon-heavy food choices,” the Guardian recounted in a recent report on the study, “In April, the Intergovernmental Panel on Climate Change (IPCC) report urged world leaders, especially those in developed countries, to support a transition to sustainable, healthy, low-emissions diets.”
“Unfortunately, consumers have been resistant to change and many wish to continue eating meat,” a Phys.org report on the study laments.
Worse still, though the study itself does not suggest that it should be used to form the basis of any government policies, its lead author, Prof. Julia Wolfson of the Johns Hopkins Bloomberg School of Public Health, told CNN last week that “legislation or regulation may be necessary” to force restaurants to add climate warnings to their menus.
Data from the study itself and, more generally, on the effectiveness of government-mandated menu labeling suggests the authors may wish to dial down their perception of the effectiveness of the labels they tested. For example, after completing their respective orders, the survey asked participants if they “notice[d] any labels” on the menu. As the study data reveal, only around 4 out of every 10 participants even noticed any climate-related labeling. While that’s a low percentage, in the real world—in an actual fast-food restaurant setting rather than in an online survey—the percentage would likely be far lower. That’s because, as I’ve explained time and again, study after study has shown that few people pay attention to mandated menu labels (except to choose which food or foods to order), and even fewer use that information.
The premise of the study itself also may rest on shaky ground.
Some critics have pushed back against the notion that some chicken or seafood is more sustainable than all red meat. As the Guardian report on the study notes, “intensively produced chicken has been found to be damaging for the environment, as has some farmed and trawled fish.” Others disagree with the very notion that red meat is an inherently unsustainable food. While it’s become popular in recent years to argue that eating less red meat is better for the environment, that argument has received a good amount of pushback, with critics charging that swapping out meat for plants could be inefficient and ineffective, harm human health, and have unintended consequences for the developing world.
Even if I were to accept arguments that eating less meat is better for the environment, the choice to eat meat (or not) ultimately is and should be an individual’s to make. So it’s not “unfortunate” that consumers “wish to continue eating meat,” as Phys.org posits. And that wish isn’t a cry for government intervention, as Wolfson, the study’s lead author, argues. Rather, it’s a cry for freedom of choice.
If some restaurants competing in the marketplace care to attempt to skew their customers’ choices away from meat and towards vegetarian and/or vegan foods, by all means, they should do so. But the jury is out on whether that would improve the sustainability of those restaurants. What’s more, any restaurant that wants to make such a change should do so on its own accord, without the government’s prompting, backing, or mandate.
Steve Goreham explains in his Heartland article Why Are Renewable Equipment Companies Such Poor Investments? Excerpts in italics with my bolds and added images.
Headlines promote renewable energy equipment companies as part of efforts to transition to Net Zero carbon dioxide emissions by 2050. Wind and solar system providers, electric vehicle manufacturers, green hydrogen producers, and other green equipment firms form a growing share of world industry. But renewable equipment firms suffer poor market returns, so investors should beware.
The Renewable Energy Industrial Index (RENIXX) is a global stock index of the 30 largest renewable energy industrial companies in the world by stock market capitalization. Current RENIXX companies include Enphase Energy, First Solar, Orsted, Plug Power, Tesla, and Vestas.
IWR of Germany established the RENIXX on May 1, 2006, with an initial value of 1,000 points. This month, the RENIXX stood at 1,013 points, essentially zero value growth over the last 18 years. In comparison, the S&P 500 Index more than quadrupled over the same period. The RENIXX is down three years in a row from 2021, losing about half its value.
Wind turbine manufacturers faced serious financial challenges over the last three years, even with rising sales. Rising costs, high interest rates, and project delays continue to impact the profitability of wind projects and equipment suppliers. The stock of Denmark-based Vestas Wind Systems, the world’s largest supplier, rose only 7% over the last 16 years, and its stock price has fallen 58% from a high in 2021. Vestas struggled to make a profit in 2022 and 2023 and suspended dividends to shareholders.
Other major wind suppliers have also been poor investments for shareholders. The stock of Siemens Gamesa, the number two turbine maker, is down 65% since a peak in 2021. Gamesa reported a loss of €4.4 billion in 2023 and received a €7.5 billion bailout from the German government that same year. Other top wind suppliers suffered major stock price declines since 2021, including Goldwind of China (down 77%) and Nordex of Germany (-36%).
Some 80% of the world’s solar panels are manufactured in China and the top six suppliers reside in China. The solar panel industry is beset by overcapacity and severe competition. Stock prices of the top seven suppliers have all declined by more than 50% since 2021. The stock of U.S. firm First Solar has risen since 2021 but remains below its all-time high price reached in 2008.
Tesla, which was founded in 2003, remained the only pure-play, publicly traded EV stock until 2018. By the end of 2021, Tesla’s value had soared to over $1 Trillion, boasting a market value more than Toyota, Volkswagen, Mercedes-Benz, General Motors, Ford, BMW, and Honda combined. But Tesla is the exception.
But in most cases, electric vehicle (EV) companies have been very poor investments. Between 2020 and 2024, 31 EV companies went public on U.S. stock exchanges. Only one of these 31 companies, the Chinese firm Li Auto, saw its price rise since the initial public offering (IPO). Thirty EV firms saw their stock prices fall, most precipitously.
EV company price declines from the IPO price include Fisker (-99%), Nikola (-94%), NIO (-50%), Lucid Group (-75%), and Rivian (-88%). Six others of the 31 companies went bankrupt. Tesla and Chinese firms BYD and Li Auto are the only EV firms profitable today.
ChargePoint is the world’s largest dedicated EV charger company (behind EV manufacturer Tesla), with over 25,000 charging stations in the U.S. and Canada. ChargePoint went public in 2021 by merging with Switchback Energy Acquisition Corporation, valued at $2.4 billion. The firm’s value today is about $585 million, down 76% since 2021. For fiscal year 2024, ChargePoint lost $458 million on revenue of $507 million.
It’s not clear that any charging company can make money. High-speed, 50-kilowatt EV chargers cost about five times as much as traditional gasoline pumps. Around 80% of EV charging is done at home, reducing the demand for public charging. ChargePoint, EVgo, Wallbox, Allego, and Blink Charging are all valued today at small fractions of their original IPO price. No EV charger firm is profitable, even after continuing to receive large government subsidies.
Plug Power is a leading supplier of hydrogen energy systems, including battery-cells for hydrogen vehicles and electrolyzers to produce green hydrogen fuel. Founded in 1997, the company went public in October 1999 at a split-adjusted price of about $160 per share.
But during its 27-year history, Plug Power has never turned a profit. According to financial reports, the firm lost $1.45 billion in 2024, up from a loss of $43.8 million in 2018. Its current stock price is under two dollars per share.
Traditional established firms are finding that renewable equipment can be poor business. In 2023, Ford lost $4.7 billion on sales of 116,000 electric vehicles, or over $40,000 per vehicle. General Electric’s wind turbine business lost $1.1 billion in 2023.
The U.S. federal government provided subsidies to renewable equipment companies of between $7 billion and $16 billion per year between 2010 and 2022. But the Cato Institute estimates that because of the passage of the Inflation Reduction Act in 2022, subsidies will skyrocket to about $80 billion in fiscal year 2025.
Without the fear of human-caused climate change and
a rising level of government subsidies and mandates,
many of these green companies would not exist.
It’s doubtful that carbon dioxide pipelines, heavy electric trucks, offshore wind systems, green hydrogen fuel equipment, and EV charging stations would be viable businesses in unsubsidized capital markets.
During this last year, leading financial firms pulled back on their climate change pledges. Bank of America, JP Morgan, State Street, and Pimco withdrew from Climate Action 100+, which seeks to force companies and investment funds to address climate issues and adopt environmental, social, and governance (ESG) policies.
But it’s difficult to invest in renewable equipment companies
when they are losing money.
Emmett Hare reports in City Journal Wind Power Debacle in New England. Excerpts in italics with my bolds and added images.
A fractured turbine’s blade in Nantucket is causing
ongoing problems and frustrating local residents.
In mid-July, a blade from an offshore wind turbine operating 15 miles southwest of Nantucket fractured. A large amount of fiberglass, foam, and plastic debris fell into the ocean and began washing up on the island’s shores. The incident led to the closure of several beaches and a suspension of operations and construction for the massive Vineyard Wind project, a joint venture of Avangrid and foreign-owned Copenhagen Infrastructure Partners that has installed and operated ten of 62 planned turbines in the country’s largest wind farm.
At local meetings, Nantucket residents expressed concerns about officials’ handling of the turbine breakage and the environmental hazards of enormous fiberglass blades tumbling into the sea. In the past, they have also cited the project’s impact on marine wildlife and its visual impact on the town’s scenic beaches. A CNN report describing this “unusual and rare” event noted that the Coast Guard had retrieved a 300-foot piece of the shattered blade from local waters. The outlet reported that a spokesperson for GE Vernova, the wind-blade manufacturer, “couldn’t provide officials with the precise number of times something similar has happened at other wind farms around the world.”
Environmental groups, realizing the potential political implications of the fractured blade, downplayed the episode. The National Wildlife Federation (NWF), which avidly supports offshore wind farms, insisted that the damage was minor. “Compared to other energy disasters in the ocean like oil spills, this incident is fairly contained and easily cleaned up to prioritize the safety of marine life,” said Amber Hewett, senior director of offshore wind energy for the NWF. The Sierra Club emphasized that “the failure of a single turbine blade does not adversely impact the emergence of offshore wind as a critical solution for reducing dependence on fossil fuels and addressing the climate crisis.”
Whether the incident is “contained” remains in question. Debris from the broken turbine has been reported beyond Nantucket—in Martha’s Vineyard, Cape Cod, Rhode Island, and off the coast of Montauk, Long Island. The debris is breaking up into smaller pieces resembling shattered glass, with yet-unknown effects on Nantucket’s marine habitat. Vineyard Wind cautioned that “[m]embers of the public should avoid handling debris” and promised to “bag, track, and transport all debris to proper storage as soon as possible.” It remains to be seen whether simple avoidance will suffice, especially given the possibility of debris entering the human food chain through area fish.
The Massachusetts Clean Energy Center (MassCEC) Wind Technology Testing Center in Boston has taken delivery of a 107-meter wind turbine blade designed for GE Renewable Energy’s Haliade-X offshore wind turbine.
While this event may be “unusual and rare” in an absolute sense, many wind farms have seen broken turbines, fires, and sea-floor damage. And Nantucket’s situation is particularly dire, given that Vineyard Wind’s turbines are by far the largest ever constructed in the United States: the blade that fragmented on July 13 was over 350 feet long and weighed 57 tons.
Even when functioning as intended, wind farms can negatively affect the surrounding environment. Wildlife advocates have claimed that sonic and subsonic vibrations from the construction and operation of turbines disrupt the navigational senses of marine mammals like whales and dolphins and can cause beachings. Turbines are also responsible for the deaths of countless birds. Clammers and fishermen are wary of working in areas close to wind farms, out of concern for equipment snags on buried power lines and risks to their vessels of navigating between the turbines in bad weather.
French Fishermen Join U.S. Fishermen in Fighting Offshore Wind – IER
The Nantucket residents questioning the safety of wind turbines generally support alternative energy. Indeed, in an FAQ post on the town government’s webpage, officials made the point that allowing wind projects to avoid scrutiny might allow traditional fossil fuel producers to evade similar oversight: “If [the Bureau of Ocean Energy Management] guts the provisions of these longstanding federal laws protecting culturally and environmentally significant places to facilitate expedient green energy projects, fossil fuel developers will exploit the bad precedent to undercut regulation of harmful projects for decades to come.”
Nonetheless, the Nantucket residents have seen themselves branded as tools of the fossil-fuel industry by well-financed lobbyists and promoters of richly subsidized wind power. They have also been subject to physical attacks. At a city council meeting in Newport, Rhode Island, a field director for Climate Jobs Rhode Island, David Booth, was charged with simple assault and disorderly conduct after accosting a speaker and seizing a bag of turbine fragments that she had brought for her testimony. Booth allegedly appeared prominently in a photo on the campaign website of Rhode Island senator Sheldon Whitehouse, which was subsequently removed without comment.
Debris in the water from Vineyard turbine blade
The wind-power industry has seen some of its planned projects cancelled in recent years due to swelling production costs and local opposition to the environmental and aesthetic impact of the colossal windmills. A report published by Brown University’s Climate and Development Lab in early 2024 suggested that much of the opposition to offshore wind was rooted in “misinformation,” “[c]onspiracy theories,” and cherry-picked information supplied by “right-wing think tanks.” It might prove beyond the powers of an academic paper to convince the residents of New England and coastal states that the fiberglass and foam washing up on their beaches is nothing more than a conservative talking point.
See Also:
From response by James Matkin Former Deputy Minister at Government of British Columbia to Quora question What are the criticisms of the Canadian federal carbon pricing system implemented under the Trudeau government’s “Pan-Canadian Framework” on climate change? Excerpts in italics with my bolds.
The big lie is that Canada needs more carbon dioxide, not less, which is the intent of the carbon tax. Also, there is no carbon pricing system; rather, there is a carbon dioxide pricing system. Carbon is not the equivalent of CO2.
We need less carbon pollution from coal and more
carbon dioxide for our health and well-being.
This mistaken terminology deceives the public as it portends pollution. Amazingly, US President Obama, Trudeau, and Kamala Harris falsely call CO2 carbon pollution.
CO2 is used to save premature babies in incubators.
CO2 is the primary gas for fire extinguishers.
The solid form of CO2 is dry ice not carbon.
Likewise the solid form of H2O is ice not hydrogen.
More CO2 has enormous benefits for crops and our health. It also greens deserts and saves fresh water by spurring tree growth.
If CO2 was a problem why does the commercial greenhouse industry infuse up to 1500 ppm 7/24 to increase plant growth?
Canadians pay an imposing Carbon Tax to save the planet, while the rest of North America has no such Carbon Tax. If you look at economics, the Carbon Tax lowered our standard of living and did nothing for Climate Change.
Canada is a foolish outlier that punishes citizens with a carbon tax to harm plant growth, hospital surgeries, and water retention and cause inflation making the poor poorer.
Canadian emissions of CO2 by fossil fuels are only < 5% of natural
CO2 sources which are too tiny to matter if CO2 mattered to the climate, which it doesn’t.
The driving forces of climate change are natural
not human emissions of CO2
The UN claim that human industry Co2 emissions are causing runaway global warming that will end in catastrophe if not arrested with renewables and carbon taxes was only a thought experiment without any physical observation. Think about this – the UN said there was no historical precedent for the rapid rise in temperatures after industrialization therefore increased CO2 must be the culprit. This is both false logic and untrue. A raft of studies about temperature variability from ocean currents or changes in solar cycles evident in rising or falling sunspots easily explains the temperature rise.
Today with the benefit of hindsight there never was any fast rising temperatures needing explanation. In fact temperature’s rise of less than 1 °C over the past 140 years and now falling 0.4 °C in the past three years means no global warming now or in the past.
Because the climate changes over a long period of time no one living or dead has actually looked out the window and observed climate change. You see weather and it may be a heat wave, snow storm or record rainfall, but one weather event is never a new pattern of changing weather because that must be a statistical analysis.
Jon Decker explains what’s at stake in the case awaiting US Supreme Court consideration. His Real Clear Markets article is The Supreme Court Must Stop Climate Extortion Schemes. Excerpts in itallics with my bolds and added images.
Chevron recently announced that it is moving out of California after almost a century and a half in the state. No wonder, since Sacramento sued the company, along with a number of other oil companies, for allegedly deceptive practices.
In their war on energy, progressive politicians increasingly turn to lawfare as another scheme to extract funds from productive citizens and dramatically reshape the economy. In the coming weeks, we’ll learn if the Supreme Court will stand up to them.
The critical case is Sunoco v. Honolulu, currently pending before SCOTUS. Honolulu is suing several oil companies, alleging their fossil fuel production caused significant damage to the city through rising sea levels and other climate-related infrastructure issues.
That these companies are being sued not for specific instances of purported environmental harm, but instead under “public nuisance” and “consumer fraud” laws for an alleged “multi-decadal campaign of deception” about the nature of their products is crucial. That’s because it lets progressive cities and states get around long-standing legal doctrine that kept climate cases in federal courts, where defendants are somewhat likelier to get a fair hearing.
Knowing that federal environmental law presents a more difficult path for litigation, activists instead went “venue shopping” with their climate agenda to deep blue states, knowing that a multi-jurisdictional assault would be unworkable, and potentially fatal, for American energy companies. The progressive politicians who support this approach not only see a boost for their careers and fundraising goals, but a potentially massive source of new government revenue.
Because Honolulu, like a spate of other lawsuits driven by ambitious progressive state AGs and prosecutors, models its assault on energy companies on the 90s tobacco wars. And they are unsurprisingly seeking an eye-watering settlement similar to what the tobacco industry was forced to pay (dollars that still flow to the government to this day).
But you don’t have to be a fossil fuel corporate booster or a climate change skeptic to recognize that these paydays will come at the expense of ordinary consumers and taxpayers, and of the economy as a whole.
Fossil fuels are ubiquitous in every sector, from agriculture and clothing to steel production, electricity, heating, and transportation. If this lawfare succeeds then every single one of these products and services—anything that takes energy as an input—becomes more expensive.
There’s also a kind of incoherence to the idea that a small handful of companies are alone to blame for perceived climate ills. What about the thousands of companies worldwide that are involved in the exploration, production, and distribution of fossil fuels – or the millions of companies that use fossil fuels to make their own goods and perform their services? That’s not even to mention the fact that the same few energy companies now being sued also play a critical role in the U.S. leading the world in CO2 emission reductions, through greater adoption of natural gas. How do the companies spearheading the natural gas renaissance figure into the supposed “deception” at work here?
The stakes here remind us that judges—and therefore elections—matter. Hawaii Supreme Court Chief Justice Mark Recktenwald, who ruled in favor of Honolulu and thereby triggered SCOTUS review, has been associated with the far-left Environmental Law Institute’s (ELI) Climate Judiciary Project, a group that “trains” and “educates” thousands of judges and government lawyers across the country to deliver legal outcomes favored by progressives.
The Supreme Court may be the last line of defense against
fringe activists dictating energy policy for the rest of us.
But of course, SCOTUS itself is in the crosshairs of left-wing judicial scheming, with top Democrats, including presidential nominee Kamala Harris, threatening to pack the Supreme Court if elected. No doubt with judges in the Mark Recktenwald mode.
If Honolulu succeeds in its case, and progressives in their larger campaign of lawfare, Americans can say Aloha to higher prices.
As noted above, the rationale for filing these cases in state rather than federal courts depends on claiming consumer fraud, I.e. oil companies deceived the public while knowing about their damaging energy products. A good rebuttal against the “Exxon Knew” fiction is provided (with my bolds) by Randal Utech at Master Resource:
To say that Exxon knew the truth back in the early 80s is a laughable fallacy. Effectively they built a primitive model that is characteristically similar to the erroneous modern climate models of today.
Fundamentally their work is based on the poorly understood climate sensitivity (ECS) derived from radiative convective models and GCM models. To their credit, they actually acknowledged the high degree of uncertainty in these estimations. Today, even Hausfather (2022 vs 2019) is beginning to understand the climate sensitivity (ECS) is too high. CMIP6 is running still even hotter than CMIP5 and using ECS of 3 to 5° C rather than ~ 1.2° C as highlighted in Nick Lewis’s 2022 study.
CMIP6 should have been better because it incorporated solar particle forcing (Matthes et. al.) and as they incorporate more elements of natural forcing (an active area of research as we still do not have a predictive theory for climate), the effect is highlighting more underlying problems with the models.
However, Exxon investigators fell into the same trap that climate modelers of today where they build the models to history match temperatures and then wow, because they can create a model that appears to history match temperatures, they assume it is telling them something. Truth? Anyone can create a model to do this, but it would never mean the model is correct. While the models today are much more complex, they are based on a complex set of non-linear equations, and the understanding of the various sources of nonlineararity is poor. This opens up wide degrees of uncertainty yet wide opportunity for tuning. Furthermore, natural forcing is undercharacterized and deemed inconsequential.
The contrived sense of accomplishment in history matching is spurious correlation for an infinitesimally small period of time. Using Exxon’s internal analysis of CO2 climate forcing is little more than a propaganda tool. Current climate models, much more sophisticated, face the same problem of unknown, false causality.
See Background Post:
Science Matters 