UN Calls for Ban on Fossil Fuels to Avoid ‘Climate Time Bomb’
The United Nations’ (UN) Intergovernmental Panel on Climate Change (IPCC) published an updated climate change (global warming) report yesterday. It is the hardest of hard-core dictatorial screeds we’ve seen yet out of the UN, an agency that desires to rule the world. The out-of-control UN Secretary-General, Antonio Guterres, said in releasing the report that “Humanity is on thin ice – and that ice is melting fast. Our world needs climate action on all fronts – everything, everywhere, all at once.” Cute–invoking the name of this year’s Oscar winner for Best Picture. Guterres’ preferred solution? “Ceasing all licensing or funding of new oil and gas,” and “stopping any expansion of existing oil and gas reserves.” You read that right. No more new drilling anywhere for fossil fuels, if the UN gets its way.
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We have to wonder, are we witnessing the end of modern society and a full regression back to the Stone Age? Two lawyers, one from Public Citizen’s climate program and the other a professor at George Washington University Law School, have written a paper that will be published in the Harvard Environmental Law Review that claims if there’s a NATURAL disaster, like a flood or hurricane or big snowstorm, and if people die in that event, governments and prosecutors can sue Big Oil, holding Big Oil criminally negligent for homicide. No, this is not a joke.
The Democrats who control and write for the Cleveland Plain Dealer are, once again, attacking a new law that allows for shale drilling under (but not on top of) Ohio state-owned land. The new measure was passed and signed into law late last year (see 
BlackRock, the largest investment bank in the world with some $10 trillion in assets under management, is hurting. BlackRock CEO Larry Fink insists that public companies adopt ESG (environment, social, governance) policies that include reducing CO2 emissions. Fink’s demands are tantamount to divesting (or refusing to invest in) any company that produces or heavily uses oil and natural gas. Yet in the company’s latest annual letter to investors, Fink says the oil and gas industry is essential in meeting global energy needs, despite the increasing shift towards renewable energy sources. He says BlackRock loves investing in O&G. He is categorically lying to avoid more action by states in dropping BlackRock funds.
National Grid is desperately trying not to run out of natural gas for its customers in Brooklyn and Queens (on Long Island). For several years the company has fought a battle to run a tiny pipeline to its Greenpoint, Brooklyn facility to provide extra natural gas. National Grid has a backup plan in case it can’t complete the pipeline project–add two extra LNG vaporizers to the Greenpoint facility to turn trucked LNG back into gas that can flow through the system. A so-called independent consultant reviewed the plan and filed a report last November with the state Public Utility Commission saying National Grid’s vaporizers aren’t needed (see 
Last September, Spanish oil and gas drilling giant Repsol, which owns the St. John, New Brunswick (Canada) LNG facility, filed an application with the Canada Energy Regulator (CER) to export up to 300 million cubic feet per day (MMcf/d) of natural gas from the St. John facility (see 
Environmental radical Pat McDonnell of PennFuture, the former Pennsylvania Secretary of the Dept. of Environmental Protection (DEP), along with his best friend THE Delaware Riverkeeper, Maya van Rossum, have just sued McDonnell’s former agency over permits the DEP issued to Williams to build the Regional Energy Access Expansion (REAE) project (see 
Once again, the Biden administration is attacking the fossil fuel industry. This time it is via one of its favorite blunt force instruments: the federal Environmental Protection Agency (EPA). Yesterday the EPA released what it calls its final “Good Neighbor Plan” that forces gas- (and coal-) fired power plants to further reduce nitrogen oxide (NOx) emissions. It’s either reduce NOx by installing really expensive new equipment, shut the plant down, or option #3…pay an indulgence (tax) to keep sinning (polluting) by purchasing an “offset.” Liberals are so predictable.
This lunatic notion that companies must focus on so-called environmental climate change (the “E” in ESG) is at the core of why Silicon Valley Bank (SVB) went bankrupt. SVB’s collapse threatens to restart another worldwide economic collapse like the one we experienced in 2008. Everyone is still holding their breath that this situation does not spread to dozens of other banks and financial institutions. While SVB had its eye on efforts to “halve” its greenhouse gas emissions, its woke board of directors didn’t have their eye on actually making money. The bank’s managers and board failed to protect the bank and its depositors from rising interest rates (rates brought on by Biden and the Democrats’ wild spending spree). While bank managers were frittering around with greenhouse gas issues and educating employees on which pronouns to use, the bank became insolvent. Bidenomics at its best.
In something of a mystery for us, the radical left continues to try and pound more nails in the coffin of the already-dead New Fortress Energy (NFE) Wyalusing LNG export plant. In March 2022 (one year ago), NFE withdrew a request to build an onshore LNG liquefaction plant in Wyalusing, PA, a plant that would have transported its LNG to NFE’s Repauno Port and Rail Terminal on the shoreline of the Delaware River in Gibbstown, N.J. (see 
The Biden EPA plans to allow private citizens to police oil wells and pipelines for methane leaks. Most of the time that means Big Green groups will do the “policing.” And here’s how it will work: A radicalized group like the Sierra Club or Earthworks or NRDC or some other odious bad actor will set up equipment near oil and gas well sites or pipeline operations to report suspected “super emitter” leaks of at least 100 kilograms per hour. Once reported (likely a false report), the company involved would be required to perform a root-cause analysis within five days and take corrective actions within ten days. Companies will be required to jump through hoops based on an accusation by an anti-fossil fueler. We call it “methane snitches” (see 
The largest investment firm in the world, BlackRock, is attempting to bribe Republicans to leave the company alone (see 
We’ve criticized BlackRock, the world’s largest investment firm with $10 trillion under assets, due to CEO Larry Fink’s insistence that public companies adopt ESG (environment, social, governance) policies that include reducing CO2 emissions. Fink’s demands are tantamount to divesting (or refusing to invest in) any company that produces or heavily uses oil and natural gas. A number of Republican-controlled states, including Texas, West Virginia, and Florida, have begun the process of dumping all BlackRock investment funds. Fink is worried–as he should be. He’s losing business. So he’s now doing what sleazy, corrupt leftists always do–resort to bribery.