By Ronald Stein
Ambassador for Energy & Infrastructure, Irvine, California
The Environmental, Social and Governance (ESG) factors climbing up the agenda in the banking industry to divest in fossil fuels is a desire to reach a world like that in the 1800’s, when the world was previously “decarbonized”.
Back in the 1800’s, we had no coal or natural gas power plants, and we had not discovered crude oil as something that could be manufactured into usable products. Life was hard and dirty, and most people never traveled 100-200 miles from where they were born, and life expectancy was short.
Today, there is a lost reality that the primary usage of crude oil is NOT for the generation of electricity, but to manufacture derivatives and fuels which are the ingredients of everything needed by economies and lifestyles to exist and prosper. Energy realism requires that the legislators, policymakers, and media that demonstrate pervasive ignorance about crude oil usage understand the staggering scale of the decarbonization movement.
The efforts to cease the use of crude oil could be the greatest threat to civilization, not climate change, resulting in billions of fatalities from diseases, malnutrition, and weather-related deaths.
In the worldwide frenzy to achieve the goal for “net zero” emissions, over the last 5-10 years, “ESG”–standing for Environmental Social Governance–has gone from an acronym that virtually no one knew or cared about, to a cultishly embraced top priority of financial regulators, markets, and institutions around the world. Today, the ESG divesting efforts are applying to all 3 fossil fuels of coal, natural gas, and crude oil.
The Net-Aero Banking Alliance developed with the support from the United Nations, now includes seven of the largest and most influential banks in the United States, including BOA, Citi, J.P. Morgan Chase, Morgan Stanley, Goldman Sachs, Wells Fargo, and Amalgamated Bank.
Allowing banks to collude to reshape economies so that they are in line with the preferences of banks and other financial institution is a very dangerous precedent. The American people never voted to give banks this sort of control over our country.
The domino effects from tinkering with the supply chain of crude oil, is supply shortages and soaring prices for thousands of products that support the economies of the world. Products based on oil are the basis of the entire medical industry, all branches of the military, airports, electronics, communications, merchant ships, container ships, and cruise liners, as well as asphalt for roads, and fertilizers to help feed the world. Fossil fuel shortages encourage inflation as it imposes serious damage on the energy and raw materials infrastructures.
Climate alarmism seems to be inexhaustible and if history is any guide, ESGers admitting their mistakes and rushing to undo the damage is not at the top of the list of likely responses. Thus, by divesting in crude oil infrastructure we can look forward to supply shortages of thousands of products manufactured from oil and crippling power prices and unreliable supplies to meet the demands of society.
The oil products that reduced infant mortality, extended longevity to more than 80+ and allowed the world to populate from 1 to 8 billion in less than two centuries, is now required to provide the food, medical, and communications to maintain and grow that population. How can world leaders consciously support the demise of crude oil that would take us back to the 1800’s when life was hard, dirty, and short?
Today, with all the products manufactured from oil, according to the United Nations the global population of centenarians 100 years old or older is projected to grow from more than 500,000 in 2021, to exceed 2 billion in 2050.
We already know that the poorer developing countries, currently without the usage of the 20th century products manufactured from crude oil, are experiencing about 11,000,000 child deaths every year due to the unavailability of the fossil fuel products used in wealthy countries.
More than 70 per cent of those child fatalities in developing countries are attributable to six causes: diarrhea, malaria, neonatal infection, pneumonia, preterm delivery, or lack of oxygen at birth. About 29,000 children under the age of five – 21 each minute – die every day, mainly from preventable causes.
Without replacements for those derivatives manufactured from crude oil, there will be gigantic reductions in living standards of the population in the current healthy and wealthy countries as the world migrates back to the pre-1900 era, and any attempt to develop the colonial countries would come to a dead stop.
“Net zero” will be taking us back to a time before 1900 when the world had not yet discovered the benefits to society from the 3 fossil fuels. Net-zero policies are demonstrably precipitating ever more serious, unsustainable socio-economic and environmental damage, with several advanced economies routinely experiencing blackouts, and steeply escalating electricity prices that are leading to class-based electricity poverty, excess winter deaths, organized social and political pushback and ever more violent confrontations.
Before the 1900’s we had NONE of the products used in the medical industry nor any of the 6,000 products from oil and petroleum products. By ceasing oil production and fracking, the supply chain to refineries will be severed and there will no need for refineries as they will have no crude oil supply to manufacture derivatives and intotransportation fuels demanded by the world’s heavy-weight and long-range infrastructures of aviation, merchant ships, cruise ships, and militaries.
Divesting is already impacting supply shortages of jet fuel as reported by Energy Information Administration (EIA), as less production and more demand have reduced U.S. jet fuel inventories since 2014 for the 23,000 commercial airplanes and 20,000 Private jets.
The IEA report points out that the demand growth for plastics and fertilizer are outpacing the demand growth for steel, aluminum, and cement. Petrochemical product demand has nearly doubled since 2000 and the U.S. and Europe use twenty times as much plastic and ten times as much fertilizer as India, Indonesia, and other developing countries on a per-capita basis. A decarbonized world without the three fossil fuels of coal, natural gas, and crude oil CANNOT manufacture any of those petrochemicals from a wind turbine or solar panel.
As Environmental, Social and Governance (ESG) divesting in fossil fuels progresses, the short memories of petrochemicals’ golden goose contributions to societies are leading the world to an era of Extreme Shortages Guaranteed (ESG) like we had in the decarbonized world in the 1800’s!
Ronald Stein, P.E.
Ambassador for Energy & Infrastructure
http://www.energyliteracy.net/
One of the YouTube sites I watch is a kid helping to run the family farm. There were recently looking at fertilizer and spray costs for next year and they were coming up with about 2X what 2021 had run. If basic costs for farmers goes through the roof, 2022 may be OK, but 2023 is going to be a completely different story.
Keep your hand on your wallet, Spetzer86, because producers don’t pay increased prices, either due to expenses or higher taxes, consumers pay the increased costs.
Well, as I recall, agricultural producers are usually mauled by the “fiddle in the middle”; middlemen maneuvering to keep producers on the edge of bankruptcy if there is any slack in supply whatsoever. Farmers may choose to sit out a season rather than risk the costs if they think they can’t get prices that will cover their layouts.
Utter nonsense, as the ongoing inflation clearly demonstrates.
How exactly does inflation demonstrate that producers aren’t able to pass on their increased costs?
I’m sure this important information will be quickly communicated by the President’s Council of Economic Advisors and the Fed Board of Governors to achieve swift action by President Biden and VP What’s Her Name. If not, maybe the Nature Conservancy will buy the farm for enviro summer camps.
Aahh, define “quickly”,..
You do know that government keeping costs minimal is delusional?
Once, a bureaucrat takes a liking to a solution, they demand more money to find the problem solved by the solution.
Finding that problem is where they usually fail, completely. So, it becomes necessary to promote a non-problem and stuff the solution down it’s throat.
Coal overtook wood and other biomass in energy production in about 1875. Fossil fuels have absolutely dominated energy production ever since. We have our modern society only because of fossil fuels. When fossil fuels run out many decades to a few centuries from now, we’ll clearly have to synthesize them using nuclear and other forms of energy.
Queen Elizabeth I of England was promoting the use of coal for heating and cooking in the mid-1500s, in order to conserve the forest resources of her small island nation for construction.
1709 – first use of coke in smelting iron ore (replacing charcoal)
1712 – first functioning steam engine (for dewatering underground coal mines)
1765 – first separate-condenser steam engine (efficient enough to power factories)
1804 – first high pressure steam engine (efficient enough to power a locomotive)
1845 – first steamship capable of crossing the Atlantic under its own power
1882 – first coal-burning power station
Coal has a very long history. Without coal, there could not have been an industrial revolution. Without the industrial revolution, we wouldn’t have an energy-based economy for these idiots to destroy.
Exactly. Without the wealth that fossil fuels have created, these bozos wouldn’t have time to rant about ‘the planet’. They’d be working in the fields 16 hours a day just to feed themselves and a handful of rich land owners.
I think that the Bozos want exactly what you describe ZZW…unfortunately
What he is describing is feudalism.
What he is describing is feudalism.
And they expect to be the ones in the castles.
1712 – that was Savery’s exclusive ‘fire’ patent from the Royal Society. It was actually Frenchman Papin’s invention. Strangely enough he disappeared in London in 1712.
The original invention used gunpowder, and Leibniz calculated that was better than mere steam.
Today my auto does around 3000 explosions per minute.
There is a really interesting industrial story there…
We’ve got a couple hundred years of natural gas left, at least 400 to 500 years of oil, and several thousand years of coal.
I’ve seen estimates of as little as 50 to 100 years of natural gas, 150 to 300 years of oil, and 600+ years of coal. Not that it’s necessary to endorse any particular estimate over any other because the bottom line is still the same – we’re not close to running out of fossil fuels and there are already known technologies for dealing with it when we do.
A key pivot point for the estimates is new investment and the data that comes from that as input into estimate revisions. What do you suppose the global budget is for research estimates independent of private sector primary data generation to work with?
According to some, we’ve already run out of oil, it’s just that the big oil companies have been covering it up.
There are massive quantities throughout the solar system. Collect it, compress it, pipe it into Earth reservoirs. Literally carbon based fuels for millennia.
We have idiots like Larry Fink (of BlackRock), Jeremy Grantham (of GMO f/k/a Grantham, Mayo van Otterloo) and Micheal Bloomberg (of the eponymous Bloomberg) with control of many TRILLIONS of dollars of OTHER PEOPLE’S MONEY (to whom they are supposed to have a fiduciary duty) and the concomitant ability to propose and vote insane corporate Environmental, Social and Governance (“ESG”) policies by shareholder proxies imposing deranged energy obligations on U.S. industry.
If you have money invested in any of BlackRock’s mutual funds or ETFs, Larry Fink is using your money to impose his will on American industry.
If you have money invested in other mutual funds managed by the likes of Vanguard, Fidelity, T. Rowe Price, be certain to express your views on the insanity of restrictive ESG policies related to climate to your proxy-voting fiduciaries.
And, of course, if you own common stocks directly, it is critically important that you vote your shares against restrictive ESG policies.
+100
Dude, as Fink pontificates about ESG in public check out how much of his private money is in the PVC funds hoovering up fossil fuel assets on the cheap from Big Oil.
They are taking the world for a long fossil fueled ride at our expense and their profit.
Fink’s BlackRock announced Regime Change at the FED 2019 August confab – the end of the Dollar.
In his 2022 Letter to CEOS, Larry Fink of BlackRock tries to walk it back:
“… Divesting from entire sectors – or simply passing carbon-intensive assets from public markets to private markets – will not get the world to net zero. And BlackRock does not pursue divestment from oil and gas companies as a policy. …” [here]
Since mid-September BlackRock stock value has fallen -12% ($954.9 -> $842.2). In comparison, Exxon Mobil stock value has risen +38% ($52.7 -> $73.2).
Larry is floundering. His investment strategy is failing. He knows it. Everybody knows it. His walk back is a verbal nothing. Bye bye BlackRock. The Market is a cruel mistress and does not reward wokey political posturing blather.
We can only hope, but with a name like Fink what is not to love?
Thank you for posting the link to Fink’s letter.
What bullshit! It shows him as the arrogant jerk that he is.
Stock means nothing. Blackrock and Vanguard control assets over $25 trillion…
But every agency and department in the Biden administration is going all in for ESG. You can’t get relief from the SEC. Maybe a class action suite by fund shareholders?
None of the “keep it in the ground” idiots appear to realise that no fossil fuels means no plastic. They would have none of the electrical gadgets they all love to use.
They are certified morons.
They are certified morons.
________________________________
Greta’s perfect petroleum free world
I could not agree more Andrew .
These activists and politicians want to save the world from “climate change” but they cannot see that restrictions on fossil fuel use will create hard ship and hunger around the world .
There is a growing shortage of nitrogen fertilizer which is manufactured with natural gas which will restrict crop yields through out round the world .
The green blob cannot see and do not want to see that restrictions will hurt every one .
Here in New Zealand our communist Prime Minister Jacinda Ardern had a nuclear moment and banned all new off shore oil and gas exploration .
For what?
We will still be using fossil fuels in thousands of products and on our roads and in the air for a long time to come .
Most rational people might ban further exploration if there was no demand and 95 % of the population had electric cars , trucks ,tractors and planes .
My prediction is that the world is entering a hyper inflationary spiral when for instance it has been reported that shipping costs to New Zealand have increased 600 %.
You can’t fix stupid !
Jacinda has imbibed many gallons of the climate Kool-Aid.
Ardern worked for Tony Blair.
Tony Blair to have his “Knight Companion of the Most Noble Order of the Garter” rescinded
https://www.change.org/p/the-prime-minister-tony-blair-to-have-his-knight-companion-of-the-most-noble-order-of-the-garter-rescinded
I agree with you entirely.
Re hyper inflation:
It appears to me that the financial doom is finally coming home to roost. For decades the thermageddonists have been forcing their green mania upon us and now the consequential economic chaos is finally manifesting itself. From spiralling energy costs to ruined supply lines, the global economy is struggling.
As people realise how much they have been economically shafted it will not end well for the CAGW zealots.
No fossil fuels means no huge mining trucks and other equipment. Everything would grind to a halt. We simply could not mine enough minerals and process them without fossil fuel. Everything electronic ceases to exist.
I recall having a “discussion” with a co-worker eons ago re: “global warming”. She was a degreed person, a greenie, and, of course, dumb as a box of rocks. The issue was so-called fossil fuels and she was adamant that we needed to stop using them for everything. Until I shut her up with mentioning that the ball point pen she gesturing at me with was entirely made of products from fossil fuel. It was my pleasure to walk away from her while she was staring at her ball point pen.
Yep, “certified morons” is the correct answer.
I like to alert readers on other blogs of articles published here on WUWT, but I don’t want to violate any copyright restrictions. Is posting just the following, copied and edited to remove the unsubscribe, etc., links and extraneous verbiage, acceptable for posting in comments on other blogs?
ESG = Extreme Shortages Guaranteed!by Guest Blogger
The Environmental, Social and Governance (ESG) factors climbing up the agenda in the banking industry to divest in fossil fuels is a desire to reach a world like that in the 1800’s, when the world was previously “decarbonized”.
Read more of this post
https://wattsupwiththat.com/2022/01/18/esg-extreme-shortages-guaranteed/
I don’t see a definite “yes, it is OK to post just that small excerpt,” but since the comment was approved, I will assume that I am allowed to post small excerpts in comments on other blogs until and unless I hear otherwise via email. I hope it brings in more traffic, and quality commenters only.
Keep on selling me those oil stocks suckers. The USA, UK and EU might be happy to commit economic suicide but the rest of the world isn’t so stupid or corrupt.
Mmmmmmmm, profits.
All you need is love?
ESG = Extremely Stupid and Gormless.
no problem continuing to produce derivatives… already happening…
Dow announces plans to build ‘net-zero’ petrochemicals facility in Alberta | The Star
Can you say “greenwashing”?
I knew you could.
The problem isn’t that there won’t be derivatives- it’s that the price will go up drastically.
Once again, griff believes that a press release announcing plans to ‘do something’ equates to something being done, and being successful.
The climate war looks unsustainable. But you can’t get the antagonist leaders to understand it.
Oil and War | Defense.info
How Allied Submarines Crippled Japan in WW2 – YouTube
Carbon Capture and Storage.
Beyond daft.
Even if the whole of global plastic production were to use this method (which won’t happen) I notice it has the added expense of CCS.
So, green zealotry making things even more expensive for people to buy. You must be so proud Griff.
Almost all pharmaceuticals are made from chemical feedstocks manufactured from petrochemicals and their derivatives. Single use plastics are essential in medicine to reduce the risk of infection and to form implants and artificial joints used inside the body with lower risk of rejection.
The Dow plan involves producing hydrogen and Carbon Capture and Storage. This will inevitably vastly increase the cost of producing pharmaceuticals and medical plastics and lead to the deterioration of health services around the world.
Are you OK with that Griff?
Quote:”Today, there is a lost reality
That’s all you needed to say
Thing is and The Deep Philosophical Question is:
“Does the Modern Lifestyle, by definition, remove its ‘users’ from Reality – are Reality and Modern Lifestyle mutually exclusives?“
When there is no wind it’s obvious we need more turbines
So make more farmland available for wind turbines and solar installations, after all with less land growing crops less fertilisers will be needed.
sarc.
And at night you just need more solar panels. Simples!
Lunar Energy Now!
Seems to be the thinking.
Some of this post is clearly nonsense. Consider for example:
“Today, with all the products manufactured from oil, according to the United Nations the global population of centenarians 100 years old or older is projected to grow from more than 500,000 in 2021, to exceed 2 billion in 2050.”
There is no way that the number of people over 100 will exceed 2 billion in 2050. Surely even a causal proof reading should have caught that error. Which doesn’t inspire confidence in any of the other outlandish claims made.
a mere spelling error- even if only 2 million, it’s still a lot- I’d like to be one of them
I’m kinda working on that too. Unfortunately, I believe that the only way would be to stop doing most of the things that I enjoy.
As a plus, though, I’d certainly feel like I was living longer…
cute.
As Garfield the cat said, “Dieting doesn’t make you live longer. It just feels that way.”
Close – according to PEW research, it will be about 3.7 million. Alas, I will not be one of them, as I will only be 97.
Exactly, the UN is as untrustworthy as any of them.
Now do you know anything about the internet video that started Benghazi 😉
Well… United Nations… the ???? marks should automatically appear…
The bad thing about batteries is that you have to carry ALL of the energy in the battery, versus petrol where you only carry about 7% of the energy, the other 93% is air which is free.
And when travelling in remote areas the internal combustion engine vehicle driver can carry cans of spare petrol or diesel, which was a major sales advantage when Henry released his Model T Ford cars.
Almost always do.
I a car/airplane/boat, as your fuel is used up, the vehicle gets lighter. Batteries never get lighter.
Except when the lithium lights up! Maybe then they do get lighter?
“Today, with all the products manufactured from oil, according to the United Nations the global population of centenarians 100 years old or older is projected to grow from more than 500,000 in 2021, to exceed 2 billion in 2050.”
Wow, so I have a chance to be a centenarian- being 100 in 2050. I’m going to set up a long term gamble that no nation or American state will ever be net zero by 2050- especially here in Mass. where the AGW lunatics have taken over the asylum.
Australia is a net carbon sink, so we’re already at ‘net zero’!
In Sydney Australia, and elsewhere, the building and construction industry struggles to obtain building materials as the supply chains dry up, imported materials delivery slowdown and distribution locally with problems as employees take time off to recover from the virus.
My son is a builder with projects in Sydney and is having problems meeting work schedules for completion of client’s projects.
Everyone is having the same problems here. It’s insane. My son just got a new job, but he can’t start because the IT department doesn’t have enough staff to process his account.
Are all those people actually ill, or are the tests giving thousands of false positive results? I’m hoping that in a few weeks they’ll be released from isolation and we can all just carry on again.
Week 87 of 2 weeks to ‘flatten the curve’!
Lack of people has more to do with governments still paying people to not work, and the mandates that the unvaccinated must be fired.
Looking forward to the ‘jab supplies’ dry up. AND the politicians/totalitarians.
A preview of coming attractions:
https://fred.stlouisfed.org/graph/graph-landing.php?g=KUSQ&width=670&height=475
“Energy realism requires that the legislators, policymakers, and media that demonstrate pervasive ignorance about crude oil usage understand the staggering scale of the decarbonization movement.”
*************
This anti-carbon net zero movement is (I believe) doing things basically bass ackwards. As most of us here probably already know, the only commercially viable alternative to coal and gas for electricity production is nuclear power. Oil, so far as I know, has no technological alternative that can be produced in large enough quantities, and the number of crude oil-based products is in the hundreds if not thousands.
Doing things bass ackwards is not going to turn out well, even if you believe you have an alternative to fossil fuels in solar and wind energy. This is where the technical illiteracy of politicians and govt bureaucrats has the potential to cause great harm to the western developed world if they go far enough with this movement.
And if this is just meant to be pandering to the environmental movement, well then it only goes to show what can happen when critical analysis is absent as govt bureaucrats and politicians blindly appease their political base. It is all the worse when the private sector hops on board this bandwagon as well.
New study says plastic is evil!
_________
World’s plastic pollution threat is a ‘planetary emergency’ equal to climate change and a global treaty will be needed to fight the crisis, damning report warns
New report compares plastic pollution to climate change and biodiversity loss
Plastic pollution is a planetary emergency and a ‘deadly ticking clock’ for Earth
It has urged nations to commit to legally binding targets to cut plastic pollution
(GHG emissions)
https://www.dailymail.co.uk/sciencetech/article-10414641/Plastic-pollution-planetary-emergency-report-warns.html
Chemical pollution has passed safe limit for humanity, say scientists
Study calls for cap on production and release as pollution threatens global ecosystems upon which life depends
(GHG emissions, IPCC, planetary boundaries, plastic pollution)
https://www.theguardian.com/environment/2022/jan/18/chemical-pollution-has-passed-safe-limit-for-humanity-say-scientists
Outside the Safe Operating Space of the Planetary Boundary for Novel Entities
We submit that the safe operating space of the planetary boundary of novel entities is exceeded since annual production and releases are increasing at a pace that outstrips the global capacity for assessment and monitoring. The novel entities boundary in the planetary boundaries framework refers to entities that are novel in a geological sense and that could have large-scale impacts that threaten the integrity of Earth system processes.
(GHG emissions, plastic pollution, models)
https://pubs.acs.org/doi/10.1021/acs.est.1c04158.
Oh well, better fire up the whaling fleets then.
It’s not an emergency or calamity until it hits large political voting/donor blocks, which cannot be ignored or deflected. Until then it’s something to be officially ignored along with trusted (paid) media, refuted, or deflected. That waiting game usually makes the problem much bigger and that adds to the taxpayer bailout tab to deal with it. You then need to bring in the top communication consultants to turn that into a stimulus plan opportunity when they read what’s in the bill after the vote.
When does Amazon start offering gallon shipments of fuel…from Chinese refiners to your door? They need to offer Chinese made food and tents for the homeless Americans also.
Here’s an idea: why waste time going to the gas station? Use the app and a man on a bike from Deliveroo will pedal up and put 4 gallons in your tank…
It certainly complies with your understanding of efficiency, utility, and competitiveness.
Sometimes I wonder if Griff and Simon are brothers from another mother…or sisters
Have you EVER attempted biking while transporting 4 gallons of gas?
That bike, and the gas container… fossil fuel produced, right?
Would love to see him biking down my road with 4 gallons of gas. Wonder how many hours it would take for him to get here?
“The efforts to cease the use of crude oil
could bethe greatest threat to civilization, not climate change, resulting in billions of fatalities from diseases, malnutrition, and weather-related deaths.”I think “could be” can be eliminated from this statement.
If I remember correctly, about 20% of crude oil is directed to the production of fertilizer. How do these morons expect to feed the world? Anyone promoting this agenda must be looking to decrease the world population.
“Anyone promoting this agenda must be looking to decrease the world population.”
BINGO !!!
“The Net-Aero Banking Alliance developed with the support from the United Nations, now includes seven of the largest and most influential banks in the United States, including BOA, are Citi, J.P. Morgan Chase, Morgan Stanley, Goldman Sachs, Wells Fargo, and Amalgamated Bank.”
Most of these banks “primary dealers” for the Fed. If they really believe the ESG nonsense that reliable energy is harmful, they should be fired.
“Allowing banks to collude to reshape economies so that they are in line with the preferences of banks and other financial institution is a very dangerous precedent. The American people never voted to give banks this sort of control over our country.”
Maybe the American people didn’t vote for this, but they did vote for the Progressives (Woody Wilson) that created the Fed.
https://budbromley.blog/2022/01/18/icarus-the-billionaires-and-global-resetters/
Ronald Stein,
You have written an excellent essay and many readers here will appreciate it.
The problem, as you know, is to get it read by more people who are able to make changes for the better. Many of us who have written prior essays for WUWT have noticed the same problem, as it has been around for a decade or more. We are thankful for the enduring presence of WUWT, but that alone cannot solve the problems.
We need to make progress on widening the readership of the message. At my present stage of understanding, this is one of the most pressing problems we have.
Can readers who appreciate Ronald’s message please think hard and make a positive effort to write about how to get the message to more people? Geoff S
Agreed. Just post it to your facebook page.
Ha ha!
*cancelled*
We need to make progress on widening the readership of the message.
While I was reading this, I was picturing the “Children’s Fund” commercials but with this message. “Is this what you want”?
So their policies could accidentally depopulate the world. Maybe it’s not an accident. See Georgia guide stones first commandment: Maintain humanity under 500,000,000 in perpetual balance with nature. Link
That could be one reason to play with virus gain of function. This latest virus did decimate the old and infirm which would coincide with another commandment on the guide stones.
Going back to 1900 isn’t far enough, kerosene was in broad use by that point.
Whaling ships were already in decline by 1860 because of kerosene.
The poor whales, once saved by fossil fuels, they may go extinct because of a lack of fossil fuels.
Ron, may be missing the point
We have 8 billion people with lifespans 80+ and the entire point is to put a stop to that
There are no mistakes in this
Just my opinion
Mr. Stein,
I would suggest looking closer at the actual mechanism of ESG.
It seems the company that confers ESG status is about on par with the bond ratings agencies pre 2008.
Not that anyone should be surprised that ESG is a scam, but it appears that it isn’t even just a climate armageddon scam…
“Net zero” will be taking us back to a time before 1900 when the world had not yet discovered the benefits to society from the 3 fossil fuels
So where is the organization publicizing this? Where is the group that is putting this out for people to see and just maybe understand what we’re facing if we continue on this path?
Either it doesn’t exist or it’s completely ineffective. Unsurprising, the alarmists have always been better at organizing and messaging.
And they say Joe Biden accomplished nothing in his first year.