The World Economic Forum & Davos - Setting the agenda on fossil fuels, global regulations, etc.

[Tom Nolan + 2,443]

This gives a brief overview on why we see different directions taking place across the world.

 

[Tom Nolan + 2,443]

 

[0R0 + 6,251]

Sustainable development is what gives the Davos crowd more money. And their lackeys in governments and international orgs. more power.

Otherwise indistinguishable from any familiar boondoggle like the "Big Dig"

[Tom Nolan + 2,443]

October 12, 2020 - Monday

Australian Media Finally Calls Out Davos ‘Great Reset’ Agenda

https://21stcenturywire.com/2020/10/12/australian-media-calling-out-davos-great-reset-agenda/

EXCERPTS

This week, Sky News Australia contributor and former Australian Senator Cory Bernardi, tore open the debate on COVID after calling out a globalist agenda which few in mainstream media have dared to mention so far.

Bernardi believes that the COVID-19 pandemic hysteria is being used as the Trojan horse for a globalist agenda hatched out of the World Economic Forum in Davos. It’s called The Great Reset, and its designed by elite billionaires supposedly to bring about ‘social and economic change.’

“There is something unusual about the continuing pandemic panic,” said Bernardi.

“Medical experts now acknowledge that lockdowns don’t work….Now none of that makes any sense until you open your mind to consider if there is another agenda at work.”

According to technocrat, Klaus Schwab, founder and Chairman of the World Economic Forum, “COVID 19 cases have shown us that our old systems are not fit anymore for the 21st century, it has laid bare a fundamental lack of social cohesion, fairness, inclusion and equality.”

“Now is the historical moment of time not only to fight the … virus but to shape the system … for the post-corona era,” claims Schwab.

“(Mr Schwab) admits that COVID is the new excuse to usher in the Green New Deal that climate alarmists, profiteers and big government have been pushing for years,” said Bernardi.

“Think about it, the global response to COVID has been a green socialist’s dream.”

Bernardi cites the fact that coordinated government shutdown policies (not COVID) have brought down fuel consumption and canceled international travel and bankrupted scores of airlines and travel firms already.

In addition, governments are using the ‘pandemic’ to permanently curtail civil liberties and freedom of movement and assembly.

“Why do you think the Australian Greens have been so quiet these past months … it’s because their policy agenda is coming to life?” he asked.

“After decades of peddling climate change lies and propaganda to force government by the elites, the socialists have used a media induced hysteria over public health as their latest weapon of economic destruction.”

The end game of creating to illusion of a global pandemic emergency is to rapidly usher-in the introduction of a ‘Green New Deal‘ policy – where billionaires seek to restructure our capitalist system into a new ‘green economy’ – promising equality and “climate justice” along the way.

He also highlights the fact that many of the same scientists and institutions involved in the fraudulent over-the-top modelling of COVID deaths – are also involved in IPCC computer modeled projections of supposed future climate change.

In this segment, Mr. Bernardi explains what’s actually behind the mass-panic being fomented by certain governments and mainstream media, hyping the idea that the world is in the midst of a “deadly plague” and public health crisis. Watch:

(11 minute video)

 

[Dan Warnick + 6,100]

Finally!  I don't need to worry any more about what kind of jobs the young will be able to get going forward.  They will get to choose which army they wish to join:  The pro-global reset or the anti-global reset.

[Tom Nolan + 2,443]

https://community.oilprice.com/topic/21316-“your-guide-to-the-great-reset”-new-world-order-technocratic-plans-for-energy-and-you/

Your Guide to The Great Reset

https://community.oilprice.com/topic/21316-“your-guide-to-the-great-reset”-new-world-order-technocratic-plans-for-energy-and-you/

Bill Gates helps to fund and set goals for The World Economic Forum.  Klause and Gates are buddies who talk occasionally, but Gates talks to Dr. Fauci weekly in order to give Fauci marching orders.

The World Economic Forum (Klaus Schwab) teamed up with Bill Gates to put on an exercise called Event 201 on October 18, 2019 (prior to the Covid Pandemic) at John Hopkins University. 

Event 201 (Oct 18, 2019) was a "drill", an "exercise simulation" of a Novel-Coronavirus Pandemic which sweeps the world and kills millions.  The exercise drilled out scenarios of having to lockdown countries and businesses for long periods of time, and it drilled out scenarios of how to censor information.

It was a 5 hour filmed exercise, but here is 12 minutes of the Highlights.  This VIDEO comes directly from the YouTube Channel (John Hopkins University) affiliated with The World Economic Forum.  This is their video, not someone else's. 

Watch...you can see Bill Gates's Foundation representatives play their role...(after all, Gates helped to finance this Event 201)

 

 

[Tom Nolan + 2,443]

Big Oil Slammed With A $7 Trillion Reality Check

By Alex Kimani - Dec 15, 2020, 5:00 PM CST

https://oilprice.com/Energy/Energy-General/Big-Oil-Slammed-With-A-7-Trillion-Reality-Check.html

About a year ago, the world's largest asset manager BlackRock Inc. (NYSE:BLK) declared its intention to increase its ESG (Environmental, Social and Governance) investments more than tenfold from $90 billion to a trillion dollars in the space of a decade.  Few took the investment firm seriously, given its spotty track record on climate action in the past.

But just in case investors thought BlackRock was bluffing as usual, the company recently issued a chilling update on its approach to engaging with companies, essentially saying it will abandon its traditional modus operandi of siding with boards of directors at companies but will instead start favoring shareholder resolutions.

Blackrock manages $7 trillion in global funds, making it the world's largest asset manager.

Exxon Slammed

Coincidentally, four years ago, when the climate pressure was a lot less, former Bank of England Governor Mark Carney admitted that the world would need at least $7 trillion to fund global carbon reduction commitments if we are to meet our climate goals.

And BlackRock has been looming large over oil and gas companies planning to go on with business as usual despite the mounting evidence of a disturbing global climate.

In the past week, U.S. oil giant Exxon Mobil Corp. (NYSE:XOM) was targeted by angry activist investors as well as CalSTRS (California State Teachers' Retirement System), one of the country's s largest pension funds. 

But it did not stop there.

New York State's $226 billion pension fund recently announced plans to divest from oil and gas stocks in the coming years. 

Exxon has been slammed for its half-hearted commitment to lowering its carbon and greenhouse gas emissions. Just days ago, Exxon joined the rapidly growing number of U.S. oil and gas producers that have promised to cut greenhouse gas emissions. Unfortunately, activists and analysts have mostly lambasted Exxon's announcement as "underwhelming," "inadequate" and "baby steps."

"A 15%-20% reduction in greenhouse gas emissions intensity over nine years is not an ambitious target - it's essentially business as usual," said Raymond James energy analyst Pavel Molchanov.

"What's really lacking from [Exxon's] announcement is there's nothing about capex or strategy or investment. It's all sort of tinkering around the edges," said Andrew Logan, director of oil and gas at Ceres, a sustainability nonprofit that works with investors on climate change.

Meanwhile, Engine No. 1, one of the shareholder groups engaged in an activist campaign to shake up the company, has concurred saying, "...while reducing emissions intensity is important, nothing in Exxon Mobil's stated plans better positions it for long-term success in a world seeking to reduce total greenhouse gas emissions."

Last week, Ceres announced a consortium of investors managing $9 trillion in assets that has fully committed to investing along with net-zero carbon goals.

ESG Momentum

Indeed, there's no denying that ESG investments are rapidly gaining momentum with investors actively demanding environmentally and socially responsible choices.

Indeed, over the past half-decade, ESG (Environmental, Social, and Governance) investing has emerged as the single biggest global megatrend. Even the Big Banks are feeling the ethical squeeze keenly.

ESG inflows have been killing it this year, hastened exponentially by the COVID-19 pandemic, and showing no sign of backing off even once we have a vaccine. Life will not return to normal in the world of finance, and this is shaping up to be the biggest transfer of wealth we've ever seen. 

Sustainable investing assets now total $17.1 trillion. That's up 42% just from 2018.

Within a year, 77% of institutional investors will completely stop buying products that aren't in some way sustainable, according to PwC. 

Blackrock itself says its clients will double their ESG assets in just five years. 

In fact, money managers say climate change is their No. 1 concern and the "leading criteria" determining where they put their money to work. 

From EVs and renewable energy stocks to hydrogen stocks and even graphene stocks, the ESG trend is truly having its moment in the sun.

On its part, BlackRock has been outstanding, with the firm now managing more than $7 trillion while the stock has gained nearly 40% YTD.

And this isn't about morals or ethics. It's about the free market. Sustainable stocks are outperforming everything else because they are the new safe haven--one that makes money while de-risking from the looming climate threat. 

By Alex Kimani for Oilprice.com

[Tom Nolan + 2,443]

Oil Industry Needs Whopping $12.6 Trillion In Investments

By Irina Slav - Dec 17, 2020, 9:00 AM CST

The global oil industry needs some $12.6 trillion in investments through 2045, the secretary-general of OPEC said at a videoconference, adding these investments would be essential for the industry to improve the efficiency of its operations.

“The global oil sector will need cumulative investment of $12.6 trillion in the upstream, midstream and downstream through to 2045,” Mohammed Barkindo said, as quoted by Azertac.

“At OPEC, we recognize the importance of energy efficiency as a means of reducing greenhouse gas emissions, while allowing for sustainable development. We also believe that dialogue between consumers and producers is critical to improving efficiency.” 

OPEC earlier this month agreed to start boosting oil production—including the production of its non-OPEC partners in the OPEC+ group—by half a million barrels daily beginning in January.

Also this month, however, the cartel revised down its oil demand forecast for 2021. According to its latest Monthly Oil Market Report, demand for crude next year will only increase by 5.9 million bpd, a 350,000-bpd lower forecast than last month’s.

“Uncertainties remain high, mainly surrounding the development of the Covid-19 pandemic and rollout of vaccines, as well as the structural impact of Covid-19 on consumer behaviors, predominantly in transportation sector,” OPEC noted.

The cartel faces even greater challenges over the long term thanks to a rush among governments and companies, notably asset managers, to reduce greenhouse gas emissions. This would have a substantial impact on the oil industry, with some suggesting the world is already past peak oil demand.

OPEC+ is meeting on January 4 to discuss the next steps in its production control deal. While some members of the cartel are eager to start raising production, others are wary of the above-mentioned uncertainty despite the recent jump in prices, largely caused by positive Covid-19 vaccine news.

By Irina Slav for Oilprice.com

[Tom Nolan + 2,443]

Australia News Report about "The Great Reset".

(7 minutes)

 

[Boat + 1,324]

On 10/12/2020 at 11:15 PM, Tom Nolan said:

October 12, 2020 - Monday

Australian Media Finally Calls Out Davos ‘Great Reset’ Agenda

https://21stcenturywire.com/2020/10/12/australian-media-calling-out-davos-great-reset-agenda/

EXCERPTS

 

 

This week, Sky News Australia contributor and former Australian Senator Cory Bernardi, tore open the debate on COVID after calling out a globalist agenda which few in mainstream media have dared to mention so far.

 

Bernardi believes that the COVID-19 pandemic hysteria is being used as the Trojan horse for a globalist agenda hatched out of the World Economic Forum in Davos. It’s called The Great Reset, and its designed by elite billionaires supposedly to bring about ‘social and economic change.’

“There is something unusual about the continuing pandemic panic,” said Bernardi.

“Medical experts now acknowledge that lockdowns don’t work….Now none of that makes any sense until you open your mind to consider if there is another agenda at work.”

According to technocrat, Klaus Schwab, founder and Chairman of the World Economic Forum, “COVID 19 cases have shown us that our old systems are not fit anymore for the 21st century, it has laid bare a fundamental lack of social cohesion, fairness, inclusion and equality.”

“Now is the historical moment of time not only to fight the … virus but to shape the system … for the post-corona era,” claims Schwab.

“(Mr Schwab) admits that COVID is the new excuse to usher in the Green New Deal that climate alarmists, profiteers and big government have been pushing for years,” said Bernardi.

“Think about it, the global response to COVID has been a green socialist’s dream.”

Bernardi cites the fact that coordinated government shutdown policies (not COVID) have brought down fuel consumption and canceled international travel and bankrupted scores of airlines and travel firms already.

In addition, governments are using the ‘pandemic’ to permanently curtail civil liberties and freedom of movement and assembly.

“Why do you think the Australian Greens have been so quiet these past months … it’s because their policy agenda is coming to life?” he asked.

“After decades of peddling climate change lies and propaganda to force government by the elites, the socialists have used a media induced hysteria over public health as their latest weapon of economic destruction.”

The end game of creating to illusion of a global pandemic emergency is to rapidly usher-in the introduction of a ‘Green New Deal‘ policy – where billionaires seek to restructure our capitalist system into a new ‘green economy’ – promising equality and “climate justice” along the way.

He also highlights the fact that many of the same scientists and institutions involved in the fraudulent over-the-top modelling of COVID deaths – are also involved in IPCC computer modeled projections of supposed future climate change.

In this segment, Mr. Bernardi explains what’s actually behind the mass-panic being fomented by certain governments and mainstream media, hyping the idea that the world is in the midst of a “deadly plague” and public health crisis. Watch:

(11 minute video)

 

On 10/12/2020 at 11:15 PM, Tom Nolan said:

October 12, 2020 - Monday

Australian Media Finally Calls Out Davos ‘Great Reset’ Agenda

https://21stcenturywire.com/2020/10/12/australian-media-calling-out-davos-great-reset-agenda/

EXCERPTS

 

 

This week, Sky News Australia contributor and former Australian Senator Cory Bernardi, tore open the debate on COVID after calling out a globalist agenda which few in mainstream media have dared to mention so far.

 

Bernardi believes that the COVID-19 pandemic hysteria is being used as the Trojan horse for a globalist agenda hatched out of the World Economic Forum in Davos. It’s called The Great Reset, and its designed by elite billionaires supposedly to bring about ‘social and economic change.’

“There is something unusual about the continuing pandemic panic,” said Bernardi.

“Medical experts now acknowledge that lockdowns don’t work….Now none of that makes any sense until you open your mind to consider if there is another agenda at work.”

According to technocrat, Klaus Schwab, founder and Chairman of the World Economic Forum, “COVID 19 cases have shown us that our old systems are not fit anymore for the 21st century, it has laid bare a fundamental lack of social cohesion, fairness, inclusion and equality.”

“Now is the historical moment of time not only to fight the … virus but to shape the system … for the post-corona era,” claims Schwab.

“(Mr Schwab) admits that COVID is the new excuse to usher in the Green New Deal that climate alarmists, profiteers and big government have been pushing for years,” said Bernardi.

“Think about it, the global response to COVID has been a green socialist’s dream.”

Bernardi cites the fact that coordinated government shutdown policies (not COVID) have brought down fuel consumption and canceled international travel and bankrupted scores of airlines and travel firms already.

In addition, governments are using the ‘pandemic’ to permanently curtail civil liberties and freedom of movement and assembly.

“Why do you think the Australian Greens have been so quiet these past months … it’s because their policy agenda is coming to life?” he asked.

“After decades of peddling climate change lies and propaganda to force government by the elites, the socialists have used a media induced hysteria over public health as their latest weapon of economic destruction.”

The end game of creating to illusion of a global pandemic emergency is to rapidly usher-in the introduction of a ‘Green New Deal‘ policy – where billionaires seek to restructure our capitalist system into a new ‘green economy’ – promising equality and “climate justice” along the way.

He also highlights the fact that many of the same scientists and institutions involved in the fraudulent over-the-top modelling of COVID deaths – are also involved in IPCC computer modeled projections of supposed future climate change.

In this segment, Mr. Bernardi explains what’s actually behind the mass-panic being fomented by certain governments and mainstream media, hyping the idea that the world is in the midst of a “deadly plague” and public health crisis. Watch:

(11 minute video)

 

What does Covid have to do with going green. Wild conspiracy once again. Should we already have ample PPE, mandatory masks, same day testing and results, an army of contact tracers and hundreds more facilities testing blood? Of course. The massive Trump failure responsible for 10’s of thousands of deaths and a failing economy.

[Boat + 1,324]

On Jan 30 the World Health Organization announced a global health emergency. 9,000 cases in 18 countries. 
In the US on Jan 7th theCDC establishes the COVID-19 incident management system. 
All responses past that are on Trump. He knew about it and blew it off. When he should have been getting 20 billion authorized and asking the entire nation to quickly prepare for a war on disease. He claimed it was a hoax by the Dems. The guy is a stain on history. The absolute mental block of easy to find facts is stunning for 2020. 

[Tom Nolan + 2,443]

12 hours ago, Boat said:

What does Covid have to do with going green. Wild conspiracy once again.

Talk to Kaus Schwab, Bill Gates and the Davos crowd.  They post the videos for you.  They write the white papers for you.  They tell you what the agenda is.  Even prior to an event like Covid, they tell that the event of Covid will soon come (within a month or two.)  It is not conspiracy theory when they tell you straight-up.   The "going green" is their plan to facilitate their objectives on global governance.  They tell you this, but you don't watch nor read it.

[Boat + 1,324]

Sure you hear about the dangers of coming virus. So yea why didn’t we develop a robust FEMA type response system including citizen education. That doesn’t have to be political. That’s just common sense preparation. 

[Boat + 1,324]

Buildings should be rated on the amount of people allowed by how much fresh air the building can inject. The amount of HEPA filtration. Of course mandatory masks, same day testing with results, tracing team infrastructure etc. Means of calculating these measures and developing best practice legislation should have happened. Look at the cost because we didn’t. We failed as a country this round of virus, let’s not fail the next. I don’t need an organization or billionaire to be as smart as Captain Obvious.

Edited December 19, 2020 by Boat

[El Nikko + 2,145]

The funny thing about 'The Great Reset' is virtually all of it has already happened.

 

[Boat + 1,324]

No, if your worried it may take several days to get test results. That interrupts going back to work, isolating from the family. If your infected you probably have no one to trace the people you have been in contact with. So the virus spreads. You still can’t get something like disinfectant wipes at major retailers. You have no clue how safe the building is your walking into. It’s obvious you are political like a Trump and care little for people around you and are willing to put their health at risk. 
Three trillion went out they can’t audit and the minimum response to fight a killer disease didn’t happen. You should be pleased.

[Enthalpic + 1,496]

1 hour ago, Boat said:

Buildings should be rated on the amount of people allowed by how much fresh air the building can inject. The amount of HEPA filtration.

Most of our are schools are open and they are finally upgrading the HVAC in at least some of them.

Cleaner air will have lasting benefits after the covid emergency, and updating schools provides economic stimulus. 

win - win - win.

Edited December 19, 2020 by Enthalpic

[Enthalpic + 1,496]

1 hour ago, Boat said:

 You still can’t get something like disinfectant wipes at major retailers.

Really?  Wipes and sanitizer are essentially free around here. Dispensers at essentially every store entrance.

Masks were free for a bit but that program ended.

Edited December 19, 2020 by Enthalpic

[Tom Nolan + 2,443]

The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation On Wall St.

by Mike Danes at OILPRICE.COM

(NOTE by Tom Nolan:  Me thinks this is a promotion for stocks)

https://oilprice.com/Energy/Energy-General/The-Great-Reset-BlackRock-Is-Fueling-A-120-Trillion-Transformation-On-Wall-St.html

FIRST PART OF ARTICLE (Promotion)

Big money is turning its back on companies that aren’t conforming to one simple idea…

Sustainability.

And it’s fueling one of the biggest transfers of capital the world has ever seen.

In fact, within a year, 77% of institutional investors will stop buying into companies that aren’t, in some way, sustainable.

And the new King of Wall Street is leading the charge.

BlackRock, with over $7 trillion in assets under management, says its clients will double their ESG investments in just five years…

Money managers on the Street are saying climate change is their top concern…

And a ‘leading criteria’ when determining where they put their money to work.

Sustainable assets already account for $17.1 trillion…

But there could be as much as $120 trillion up for grabs. 

And that’s exactly why sustainable stocks are outperforming the market. 

They are the new go-to investment but could be far better than gold. This sector is a safe haven in that the road to sustainability is long. AND it’s not just Big Money’s downside protection against ESG-related risks, many are money-makers. 

While Big Money is busy scrambling for somewhere to park this $120 trillion that’s up for grabs, it could be looking for something like....

[Tom Nolan + 2,443]

Rockefeller Foundation, Created By Oil, Ditches Oil Investments

By Tsvetana Paraskova - Dec 18, 2020, 5:00 PM CST for OILPRICE.COM

https://oilprice.com/Energy/Crude-Oil/Rockefeller-Foundation-Created-By-Oil-Ditches-Oil-Investments.html

The Rockefeller Foundation, set up by John D. Rockefeller in 1913, has decided to divest from fossil fuels and not make any new investment in the industry, the president of the Rockefeller Foundation, Rajiv Shah, told CNN in an interview published on Friday.

Funds for the creation of the $5-billion foundation initially came from the oil money of Rockefeller and the company Standard Oil he founded at the end of the 19^th century.

The Rockefeller Foundation is the latest investor to commit to divesting from fossil fuels as a growing number of institutional investors are shifting their focus to low-carbon energy investments, while those who are still invested in oil and gas demand transparency in emission reporting and preparedness for the energy transition.

“Burning fossil fuels is not necessary to sustain our economy and economic growth over the long run — and it's detrimental to our climate future,” the foundation’s president Shah told Matt Egan of CNN Business.

“We’re doing it now and we would love for our peer institutions to join us,” Shah said.

The Rockefeller Foundation is not the first endowment of the Rockefeller dynasty to cut ties with the fossil fuel sector.

The Rockefeller Brothers Fund, created in 1940 by John D. Rockefeller’s sons, divested from fossil fuels five years ago. In May this year, the Rockefeller Brothers Fund (RBF) released a case study showing how its investment returns beat market benchmarks since divesting from fossil fuels five years ago.

“When we joined the divestment movement, we were convinced that a more profitable and less risky investment portfolio could be constructed without exposure to fossil fuels,” said Valerie Rockefeller, great-great-granddaughter of John D. Rockefeller and chair of the RBF board of trustees.

Earlier this month, one of the biggest pension funds, the $226-billion New York State Common Retirement Fund, said it was undertaking a review of all energy companies it is invested in to assess their readiness for the energy transition and dump those considered riskiest in climate-related investment.

By Tsvetana Paraskova for Oilprice.com

[Tom Nolan + 2,443]

https://www.corbettreport.com/bigoil/

TRANSCRIPTS WITH SOURCES ABOVE AT THE LINK.

 

 

[Tom Nolan + 2,443]

The Biggest Energy Bill In A Decade Was Just Passed

By Haley Zaremba - Dec 23, 2020, 6:00 PM CST

https://oilprice.com/Energy/Energy-General/The-Biggest-Energy-Bill-In-A-Decade-Was-Just-Passed.html

After the novel coronavirus turned the entire energy industry on its head, much of the world took the hint and dove headlong into the global clean energy transition, some in the interest of avoiding catastrophic climate change by creating a decarbonized future and others in the interest of staying afloat in a decarbonized economy that is seeming more and more inevitable.

The World Economic Forum has advocated as a “new energy order” and a “great reset.” Prominent international agencies such as the United Nations, the International Energy Agency, and the European Union are all putting together or enacting green stimulus plans. In the private sector, a surprising number of blue chip companies are pushing for a green energy stimulus, but the United States has been slow to follow suit, and has quickly fallen behind.

It was in this context that Vox published an August article contending that “the U.S. has everything it needs to decarbonize by 2035,” and outlined a plan for “How to drive fossil fuels out of the US economy, quickly.” The game plan includes a mobilization as sweeping as President Franklin Delano Roosevelt’s New Deal, which revived the U.S. economy in the wake of the Great Depression “with a massively expanded workforce (drawing in women and African Americans) and turbocharged productive capacity.” This kind of sweeping, all-or-nothing effort is essential for the United States--the second-biggest one greenhouse gas emitter in the world after China -- to decarbonize the economy “fast enough to avert the worst of climate change,” Vox reports. To do its part in limiting global temperature rise to between 1.5° and 2° Celsius, the U.S. must reach net-zero carbon emissions by 2050 at the latest. To achieve this, the full resources of the U.S. economy must be bent toward manufacturing the needed clean-energy technology and infrastructure.”

Finally, there is hope on the horizon. A new economic stimulus proposal that has already, amazingly, been approved by the U.S. Congress sets aside approximately $35.2 billion for energy tech initiatives in what one policy analyst called “the biggest energy bill we’ve seen in a decade.” These historically hefty funds will go to  the Energy Act of 2020 and the Energy for the Environment Act, both of which are driving big technology initiatives. “[The Energy Act of 2020] is a bipartisan, bicameral energy innovation package that authorizes over $35 billion in RD&D activities across DOE’s portfolio and strengthens or creates programs crucial to advancing new technologies into the market,” states a summary document provided by the U.S. government.

According to reporting by TechCrunch, solar power, transportation tech, and energy efficiency efforts are the biggest winners in the new energy bill. “There’s $1.5 billion for new solar technologies including modules, concentrating solar technology, new photovoltaic technologies and initiatives to expand solar manufacturing and recycling technologies. And $2.6 billion set aside for transportation technologies,” TechCrunch writes. “Finally, energy-efficiency and weatherization programs are continuing to be supported through a $1.7 billion reauthorization of the Weatherization Assistance Program.”

There is also a considerable chunk of money set aside for energy-grid tech, energy storage, smart utility and energy distribution innovations, hydropower generators, and new research and development for wind and offshore wind power technologies.

The money is not just going to renewable energies, however, it’s also going to economic sectors where innovation and improvement is sorely needed in order to aid in the overall decarbonization effort. Industries like iron, stell, aluminum, cement, shipping, aviation and long-distance trucking, all of which are currently high-emissions fossil-fuel guzzlers, will have access to a  $500 million pot to help make these industries greener.

This bill will certainly be a blow to the ailing U.S. shale industry, which has been the powerhouse of the U.S. for many years. But countless studies indicate that green energy, not fossil fuels, will create sorely needed jobs for the United States. In the long term, ESG is a smart investment for the country as well as its workers, many of whose jobs are quickly becoming obsolete. As the summary report of the Energy Act of 2020 asserts, making these considerable investments at this critical juncture will help “reduce our nation’s greenhouse gas emissions, bring good-paying jobs back to the United States, and allow us to export these technologies to growing markets abroad for years to come.”

But this bill is just the beginning. There’s still a lot of work to do if we have any chance of reaching net-zero carbon emissions by 2050. But while this bill is just step one, it’s an extremely promising advance for bipartisan cooperation in the global green energy transition, which is already underway, like it or not.

By Haley Zaremba for Oilprice.com

[Tom Nolan + 2,443]

...and how they play the game of duping the World...

COVID-911: From Homeland Security to Biosecurity

 

[Tom Nolan + 2,443]

https://community.oilprice.com/topic/21316-“your-guide-to-the-great-reset”-new-world-order-technocratic-plans-for-energy-and-you/

 

[Tom Nolan + 2,443]

Climate Change Is The New Fed Mandate

https://www.zerohedge.com/political/climate-change-new-fed-mandate

Officially, Congress sets the Fed's priorities but the Fed has independence on how to carry out its mandates. Unofficially, the Fed just adopted its own new mandate.

[ARTICLE CONTIUES]