President-elect Donald Trump’s landslide victory gives him a mandate to develop America’s “liquid gold.” [emphasis, links added]
So when Republicans take control of the federal government in January, they should take immediate action to streamline environmental permitting, reverse greenhouse gas emissions reporting, and strengthen fiduciary responsibilities for asset managers and proxy advisory firms.
The reforms would boost energy production and require trustees to seek the best financial returns for their clients rather than engage in political activity.
New Republican trifecta also worth watching Potential hazards of annual UN climate change conference (also known as COP29)—an international gathering of climate alarmists is taking place this month.
The protagonists of this meeting are the worst possible environmental “saviours”, self-righteous and solemnly responsible for the fate of the world.
Sorry, Climate activists at COP29 will only propose broad, costly, intrusive changes, us It should be done—for our own benefit, of course.
Rather than voluntarily reducing their carbon footprint (after all, they can’t be expected to walk to COP29!), They intend to force others to change through laws, taxes and regulations.
Our environmental overlords are meeting Azerbaijan, an autocratic oil state, should not be confused with the United Arab Emiratesis the autocratic petrostate that hosted the climate conference last year.
COP28's chairman, Sultan al Jaber, and this year's chairman, Ilham Aliyev, are both long-time executives at major state oil companies.
If you find it odd that authoritarian petrostates are hosting these climate conferences and that top brass from major fossil fuel companies are hosting them, you're not alone.
If environmentalists succeed in their crusade against Western oil production, the price of fossil fuels will rise.
The Sierra Club and other environmental groups worry that holding the annual U.N. climate conference in heavy oil-producing countries would be like Let a fox guard the henhouse.
Maybe Jaber and Aliyev realize this fossil fuels usage Unlikely to fall, but Western governments may be persuaded to cut their Production Fossil fuels, anyway.
If environmentalists succeed in their crusade against Western oil production, the price of fossil fuels will rise.
When they do this, There is nothing to prevent ADNOC or Azerbaijan State Oil Company from profiting from high oil prices by increasing oil and gas production.
There is already evidence that Representatives of oil-producing countries intend to use COP29 to reach a production agreement more fossil fuels.
In addition to being prone to corruption, embezzlement and fraud, National oil companies also tend to have worse environmental records than Western oil companies.
Just for the “promise” of creating more renewable energy and reducing future emissions, Oil states have taken the lead on climate change.
As COP29 will set the rules, targets and restrictions for the rest of the world, These proprietary traders are given immense power and influence over the global economy.
While Republicans are unlikely to join forces with climate alarmists to shut down fossil fuel production in the West, the rhetoric and goals of COP29 will still impact American citizens.
U.S. banks and asset managers may feel greater pressure to continue reducing funding for energy development.
after all, For years, Occidental oil companies have been “voluntarily” divesting fossil fuel assets at the behest of climate activists, often at little cost. While some of the divested assets fell into private hands, many went to organizations such as the Azerbaijan State Oil Company.
Through sensible environmental laws and executive orders, the incoming Republican administration and Congress can kill two birds with one stone in 2025: Cheaper energy, reduced incomes for authoritarian states, and reversal of destructive climate policies.
Trump may start by withdrawing from the Paris Climate Agreement again, It sets extreme and costly greenhouse gas reduction targets for 2030 and 2050.
He should also rein in regulators that block or delay energy development projects.
washington official [can strengthen fiduciary duties to reduce the financial pressure companies face to reduce emissions].
major supporter of environmental agendasuch as Blackrock, State Street, Glass-Lewis and Institutional Shareholder Services, If they take greater responsibility for seeking the best financial returns for their clients, they will reduce non-financial lobbying.
Without action from the incoming administration and Congress, new, tougher greenhouse gas emissions targets and alarmism will provide eager regulators with more ammunition to impose costly reporting requirements on U.S. public companies.
This would undermine Trump’s “drill, baby, drill” energy agenda and cast a pall over U.S. economic vitality. Making us all poorer in the process.
Read the rest of the Washington Examiner
