Another nail in the coffin of Western prosperity

[Anonymous]

Comparing the modern lifestyle hydrocarbons provide to big tobacco is insultingly disingenuous. Hydrocarbons are used in everything from medicine to manufacturing. Tobacco shortens lives, hydrocarbons extend them.



Expect other industries like construction, mining and agriculture to face similar illogical litigation.



Shell Ordered by Dutch Court to Cut Carbon Emissions

Lawyers say the ruling, which Shell can appeal, could set a precedent in other Western jurisdictions



A Dutch court on Wednesday ruled that Royal Dutch Shell PLC is partially responsible for climate change and ordered the company to reduce its carbon emissions, a first-of-its-kind ruling that adds fresh pressure on oil-and-gas companies already facing heightened scrutiny from governments and investors.



The ruling, issued by the district court in The Hague and stemming from a lawsuit brought by environmental groups, found Shell must curb its carbon emissions by 45% by 2030, compared with 2019 levels. This is in line with United Nations guidance for member states aimed at preventing global temperatures rising more than 1.5 degrees Celsius above preindustrial levels.



Lawyers and consultants said the ruling could set a precedent in other Western jurisdictions, particularly in Europe, opening oil companies to new legal jeopardy over their carbon emissions. Companies in other heavy polluting industries could also face greater environmental scrutiny, they added.



"This case does open the door for challenges to other energy-intensive sectors," said Liz Hypes, an analyst at risk consultancy Verisk Maplecroft. Other industries that could face lawsuits include agriculture, transport and mining, all of which are already being targeted by regulators and civil society over their emissions, Ms. Hypes added.

https://www.wsj.com/articles/shell-ordered-by-dutch-court-to-cut-carbon-emissions-11622038961">https://www.wsj.com/articles/shell-orde ... 1622038961">https://www.wsj.com/articles/shell-ordered-by-dutch-court-to-cut-carbon-emissions-11622038961

[Anonymous]

Comparing the modern lifestyle hydrocarbons provide to big tobacco is insultingly disingenuous. Hydrocarbons are used in everything from medicine to manufacturing. Tobacco shortens lives, hydrocarbons extend them.



Expect other industries like construction, mining and agriculture to face similar illogical litigation.



Shell Ordered by Dutch Court to Cut Carbon Emissions

Lawyers say the ruling, which Shell can appeal, could set a precedent in other Western jurisdictions



A Dutch court on Wednesday ruled that Royal Dutch Shell PLC is partially responsible for climate change and ordered the company to reduce its carbon emissions, a first-of-its-kind ruling that adds fresh pressure on oil-and-gas companies already facing heightened scrutiny from governments and investors.



The ruling, issued by the district court in The Hague and stemming from a lawsuit brought by environmental groups, found Shell must curb its carbon emissions by 45% by 2030, compared with 2019 levels. This is in line with United Nations guidance for member states aimed at preventing global temperatures rising more than 1.5 degrees Celsius above preindustrial levels.



Lawyers and consultants said the ruling could set a precedent in other Western jurisdictions, particularly in Europe, opening oil companies to new legal jeopardy over their carbon emissions. Companies in other heavy polluting industries could also face greater environmental scrutiny, they added.



"This case does open the door for challenges to other energy-intensive sectors," said Liz Hypes, an analyst at risk consultancy Verisk Maplecroft. Other industries that could face lawsuits include agriculture, transport and mining, all of which are already being targeted by regulators and civil society over their emissions, Ms. Hypes added.

https://www.wsj.com/articles/shell-ordered-by-dutch-court-to-cut-carbon-emissions-11622038961">https://www.wsj.com/articles/shell-orde ... 1622038961">https://www.wsj.com/articles/shell-ordered-by-dutch-court-to-cut-carbon-emissions-11622038961

Does the judge who gave the verdict not use plastics or use transportation.

[cc]

I hope Xi doesn't die from incontrollable laughter @ the woke West finishing itself off .. . while he builds more coal plants



On second thought, maybe I don't

[Thiel]

I hope Xi doesn't die from incontrollable laughter @ the woke West finishing itself off .. . while he builds more coal plants



On second thought, maybe I don't

It is all so riduclous.

[Anonymous]

I hope Xi doesn't die from incontrollable laughter @ the woke West finishing itself off .. . while he builds more coal plants



On second thought, maybe I don't

It is all so riduclous.

Yes cc and yes Thiel,

[Anonymous]

Don't take Biden's economic fascism lying down.



15 State Treasurers Warn They Will Pull Assets From Banks That Obstruct the Fossil Fuel Industry



Fifteen Republican State Treasurers sent a warning that they will pull assets from financial institutions if they give in to Federal pressure to de-carbonize and "refuse to lend to or invest in" the fossil fuel and coal industry.



The letter (pdf), led by West Virginia Treasurer Riley Moore, is directed at Special Presidential Envoy for Climate John Kerry. It expresses concerns over reports that Kerry and other members of the Biden administration have been "privately pressuring" U.S. banks to stifle the fossil fuel industry.



"We are writing today to express our deep concern with recent reports that you, and other members of the Biden Administration, are privately pressuring U.S. banks and financial institutions to refuse to lend to or invest in coal, oil, and natural gas companies, as part of a misguided strategy to eliminate the fossil fuel industry in our country," the letter reads.



The State Treasurers sent a plain message to financial institutions, telling them not to submit to the present administration's coercion to deny investment and lending for the natural resources.



Furthermore, they assert that the approaches will "discriminate against law-abiding U.S. energy companies and their employees, impede economic growth, and drive up consumer costs," adding that the strategy in question would make the free market submit to the will of politicians.



The signees of the letter are representing collectively more than $600 billion in assets, according to Axios.



"As a collective, we strongly oppose command-and-control economic policies that attempt to bend the free market to the political will of government officials," they write. "It is simply antithetical to our nation's position as a democracy and a capitalist economy for the Executive Branch to bully corporations into curtailing legal activities. The Biden Administration's top-down tactics of picking economic winners and losers deprives the real determinate group in our society—the people—of essential choice and agency. We refuse to allow the federal government to pick our critical industries as losers, based purely on President Biden's own radical political preferences and ideologies."



"As a collective, we strongly oppose command-and-control economic policies that attempt to bend the free market to the political will of government officials," they write. "It is simply antithetical to our nation's position as a democracy and a capitalist economy for the Executive Branch to bully corporations into curtailing legal activities. The Biden Administration's top-down tactics of picking economic winners and losers deprives the real determinate group in our society—the people—of essential choice and agency. We refuse to allow the federal government to pick our critical industries as losers, based purely on President Biden's own radical political preferences and ideologies."



The Obama administration's previous conflict with American coal and natural gas industries is mentioned as an attack on jobs, tax revenue, and health insurance provided to families across the country, specifically hard-working middle-class families.



"As the chief financial officers of our respective states, we entrust banks and financial institutions with billions of our taxpayers' dollars. It is only logical that we will give significant weight to the fact that an institution engaged in tactics that will harm the people whose money they are handling before entering into or extending any contract," they warned.

https://www.theepochtimes.com/mkt_morningbrief/15-state-treasurers-warn-they-will-pull-assets-from-banks-that-obstruct-the-fossil-fuel-industry_3832285.html?utm_source=morningbriefnoe&utm_medium=email&utm_campaign=mb-2021-05-26&mktids=dc3c5505bbd8bd1f1a8c65d0a7348d1c&est=kiHDmaoBYARRpPxqNQS9wvMXgLNTT9FEvlGP%2BO0P0owd9rm53d6GCo9SOuhVFZ6vrw%3D%3D">https://www.theepochtimes.com/mkt_morni ... 6vrw%3D%3D">https://www.theepochtimes.com/mkt_morningbrief/15-state-treasurers-warn-they-will-pull-assets-from-banks-that-obstruct-the-fossil-fuel-industry_3832285.html?utm_source=morningbriefnoe&utm_medium=email&utm_campaign=mb-2021-05-26&mktids=dc3c5505bbd8bd1f1a8c65d0a7348d1c&est=kiHDmaoBYARRpPxqNQS9wvMXgLNTT9FEvlGP%2BO0P0owd9rm53d6GCo9SOuhVFZ6vrw%3D%3D

[Anonymous]

This is a good, but long video by Alex Epstein.



The many myths of "energy transition"



On this week's Power Hour, Alex Epstein interviews Terry Etam, an energy industry veteran who is one of the savviest energy analysts today. They debunk the claim that the world is going through a rapid "energy transition" away from fossil fuels by discussing many energy realities, including:



China's fossil fueled dominance of "green energy"

China's, Russia's, and India's plan to use more fossil fuel going forward

How California is "transitioning" to more and more blackouts

How Ontario's "transition" led to skyrocketing electricity prices

How Canada's "transition" is a senseless sacrifice of Canadian prosperity and security

How the same anti-human-impact forces that oppose fossil fuels also oppose the mining necessary for solar, wind, and batteries



[media]

[Anonymous]

How Canada's "transition" is a senseless sacrifice of Canadian prosperity and security

BULLSEYE!!



However, I'm done with it. If Canadians hate prosperity so much, they'll be pleased to know that poverty is on it's way.

[Anonymous]

How Canada's "transition" is a senseless sacrifice of Canadian prosperity and security

BULLSEYE!!



However, I'm done with it. If Canadians hate prosperity so much, they'll be pleased to know that poverty is on it's way.

The people that don't want a strong working class will continue to do well or even better.

[Anonymous]

For energy to be useful, it must be cheap, plentiful, and reliable, and to be cheap, plentiful, and reliable, every element of the process to create energy must also be cheap, plentiful, and reliable. We saw how this can be difficult to achieve with some alternative energy sources, such as solar.



It's important to know this because if somebody tells you "Let's replace the way we currently produce energy with this other way," you have to be able to evaluate whether or not the process is really viable.



Fossil fuels: cheap, plentiful, reliable energy for billions



The subject of this email is that the hydrocarbon, or fossil fuel, industry is the only industry that can produce cheap, plentiful, reliable energy on a scale of billions. That means that without such an industry, we don't have the amount of food we need, the amount of technology we want, the amount of anything we need or want.



The first thing to realize is that the vast majority of the world's energy is in fact produced by the hydrocarbon industry. This was true back in 1980, and it's also true in the present.



As you can see, there's much more overall energy consumption now and the vast majority of that is still fossil fuel energy. What that means is that we're using considerably more fossil fuels, not less.

https://info.industrialprogress.com/hs-fs/hubfs/energyclarity2.2.png?width=1200&upscale=true&name=energyclarity2.2.png">



here is currently no other industry that can match what the fossil fuel industry is producing and on the scale that it's producing it.



Why? The reason is that the hydrocarbon industry has developed a highly resource efficient process to find, extract, and harness a naturally concentrated, plentiful, and stored source of energy. It's the only industry that has come up with a process that is cheap, plentiful, and reliable.



To understand why that is, it's important to understand what fossil fuels are and how to explain it to someone who doesn't work in the fossil fuel energy.

[Anonymous]

What are fossil fuels?

The hydrocarbon industry has developed a highly resource efficient process to find, extract, and harness a naturally concentrated, plentiful, and stored source of energy. It's the only industry that has come up with a process that is cheap, plentiful, and reliable. To understand why that is, it's important to understand what fossil fuels are and how to explain it to someone who doesn't work in the fossil fuel energy.



Fossil fuels 101



Fossil fuels are created by the decomposition of living organisms over millions of years. Let's take the example of coal. The organic matter decomposes and combined with time, heat, and pressure, becomes more and more dense, getting buried under several layers of earth and eventually forming coal.



Fossil fuels are also referred to as hydrocarbons because they are very rich in molecules made of hydrogen and carbon atom combinations. When these atoms bond together, they have some remarkable properties.



One is that they are able store a lot of energy in a very small amount of space that is released when burned. This is what allows hydrocarbons to power engines, such as an internal combustion engine or a steam engine.



When you burn fossil fuels, you introduce oxygen into the system, leading the carbon atoms to bond with oxygen and become carbon dioxide, while the hydrogen atoms bond with oxygen to become dihydrogen oxide—that is, water. The energy formerly holding them together is released in the form of heat, which creates pressure that can move the engine. That's basically how all the different engines in modern life work. It's a very efficient way of generating energy.



Just how plentiful are fossil fuels?



It's important to note that there is an enormous amount of hydrocarbon in the earth. But even though there is a huge amount of this material, if we don't know how to get it or don't know how to use it, it's useless. For most of history, we haven't been able to do either. However, today, thanks to the ingenuity of the fossil fuel industry, we're able to find and extract those hydrocarbons and use them more efficiently.



Exactly how much is there? What we often discuss is what are called reserves, which is the amount we have in inventory. The thing to realize is that the reserves are usually a very small fraction of the overall in-place amount or deposits that actually exist in the earth.



This graph shows how our consumption of oil over time goes up, but our reserves also go up. (The same is true of natural gas.)

https://info.industrialprogress.com/hs-fs/hubfs/email7-1.jpg?width=1072&upscale=true&name=email7-1.jpg">

That seems impossible unless you realize that the overall deposits are massive; many, many, more times than we have used in the whole history of civilization.



So the key question is not how much deposit is there; it's whether we have the ingenuity to turn those deposits into usable energy.



The hydrocarbon industry has answered this question by continuing to improve how we access and use these resources, which has translated into an abundant energy source for billions.



Vitamin O



The hydrocarbon industry produces energy for every kind of use, including heating and electricity. Other energy sources can also supply heating and electricity. But oil is unique: it is the only cheap, plentiful, and reliable form of portable energy.



Why is portability important? It has allowed us to create new applications for energy, such as cars, planes, and harvesters, which would not exist if their energy sources were not portable.



For example, a modern harvester that reaps enough wheat for 500,000 loaves of bread a day needs to carry its energy with it. Nothing can match liquid hydrocarbons, in this case in the form of diesel fuel. That's why over 90% of the world's transportation comes from liquid hydrocarbons, because in terms of portability, it is the best. So when people talk about restricting oil-based fuels, the conversation should include all of the potential consequences.



The hydrocarbon industry is the only industry that can produce cheap, plentiful, and reliable energy that we need to power our machines, amplify our productivity, and provide significant amounts of power on the go. It is the only industry to do so for billions of people throughout the world.

[Anonymous]

What are fossil fuels?

The hydrocarbon industry has developed a highly resource efficient process to find, extract, and harness a naturally concentrated, plentiful, and stored source of energy. It's the only industry that has come up with a process that is cheap, plentiful, and reliable. To understand why that is, it's important to understand what fossil fuels are and how to explain it to someone who doesn't work in the fossil fuel energy.



Fossil fuels 101



Fossil fuels are created by the decomposition of living organisms over millions of years. Let's take the example of coal. The organic matter decomposes and combined with time, heat, and pressure, becomes more and more dense, getting buried under several layers of earth and eventually forming coal.



Fossil fuels are also referred to as hydrocarbons because they are very rich in molecules made of hydrogen and carbon atom combinations. When these atoms bond together, they have some remarkable properties.



One is that they are able store a lot of energy in a very small amount of space that is released when burned. This is what allows hydrocarbons to power engines, such as an internal combustion engine or a steam engine.



When you burn fossil fuels, you introduce oxygen into the system, leading the carbon atoms to bond with oxygen and become carbon dioxide, while the hydrogen atoms bond with oxygen to become dihydrogen oxide—that is, water. The energy formerly holding them together is released in the form of heat, which creates pressure that can move the engine. That's basically how all the different engines in modern life work. It's a very efficient way of generating energy.



Just how plentiful are fossil fuels?



It's important to note that there is an enormous amount of hydrocarbon in the earth. But even though there is a huge amount of this material, if we don't know how to get it or don't know how to use it, it's useless. For most of history, we haven't been able to do either. However, today, thanks to the ingenuity of the fossil fuel industry, we're able to find and extract those hydrocarbons and use them more efficiently.



Exactly how much is there? What we often discuss is what are called reserves, which is the amount we have in inventory. The thing to realize is that the reserves are usually a very small fraction of the overall in-place amount or deposits that actually exist in the earth.



This graph shows how our consumption of oil over time goes up, but our reserves also go up. (The same is true of natural gas.)

[img]https://info.industrialprogress.com/hs-fs/hubfs/email7-1.jpg?width=1072&upscale=true&name=email7-1%2Ejpg">https://info.industrialprogress.com/hs- ... l7-1%2Ejpg">https://info.industrialprogress.com/hs-fs/hubfs/email7-1.jpg?width=1072&upscale=true&name=email7-1%2Ejpg[%2Fimg]

That seems impossible unless you realize that the overall deposits are massive; many, many, more times than we have used in the whole history of civilization.



So the key question is not how much deposit is there; it's whether we have the ingenuity to turn those deposits into usable energy.



The hydrocarbon industry has answered this question by continuing to improve how we access and use these resources, which has translated into an abundant energy source for billions.



Vitamin O



The hydrocarbon industry produces energy for every kind of use, including heating and electricity. Other energy sources can also supply heating and electricity. But oil is unique: it is the only cheap, plentiful, and reliable form of portable energy.



Why is portability important? It has allowed us to create new applications for energy, such as cars, planes, and harvesters, which would not exist if their energy sources were not portable.



For example, a modern harvester that reaps enough wheat for 500,000 loaves of bread a day needs to carry its energy with it. Nothing can match liquid hydrocarbons, in this case in the form of diesel fuel. That's why over 90% of the world's transportation comes from liquid hydrocarbons, because in terms of portability, it is the best. So when people talk about restricting oil-based fuels, the conversation should include all of the potential consequences.



The hydrocarbon industry is the only industry that can produce cheap, plentiful, and reliable energy that we need to power our machines, amplify our productivity, and provide significant amounts of power on the go. It is the only industry to do so for billions of people throughout the world.

Good information Herman.