Tag: Environmental Policy

  • Opinion: Energy policy will have a role to play in the 2024 US election result

    Randall Heather

     

    One reason why Trump’s numbers are looking good is because the Biden-Harris administration is so incredibly stupid regarding energy policy – so much so that every increase in the price of oil will be seen as a creation of the Democratic Party.

    Let’s look at what Biden and Harris have contributed to energy policy. He got rid of the Keystone Pipeline, but that oil is still coming down from Canada on trains and barges and the likelihood of a spill is multiple times that of a pipeline. Nor will they issue any new permits for oil- or gas-drilling on federal land at a time when oil prices have been going up. This means that everyone’s underinvesting in oil because it’s not politically popular.

    All of this means that not only is supply being shut down but that demand is going up and it’s hitting people’s pockets every day. Really, when you come right down to it the best thing we could do as an energy policy is to drill like hell for gas – as there’s so much of it out there. The world is a huge methane creating machine: if you displaced all the coal fire generation with natural gas then the impact on the environment would be substantial. But the green lobby go after natural gas as if it’s oil or coal. But everybody knows you have to have some sort of bridge to build a solar-based energy policy.

    The truth is we don’t have an energy crisis – we have an energy storage crisis. As things stand, we can’t take solar and wind energy and save it at grid level. The technology doesn’t enable us to store it for any length of time whatsoever – and until you solve that problem, you can’t rely on solar or wind.

    Which brings me back to the Keystone Pipeline and the question of why Biden might be struggling in those states like Pennsylvania, Wisconsin and Michigan which he needs to win to retain the presidency, if he’s well enough to contest the election. There are lots of blue collar jobs associated with the natural gas infrastructure, and if you make an intervention like the one Biden did, then any adverse fluctuation in the gas prices can be justifiably placed at your door. Added to that, there’s not much spare capacity globally – expect in states like United Arab Emirates and Saudi Arabia. But you can’t expect to switch off supply without some effect on prices, and therefore political ramifications.

    Biden is discovering this all too late. There’s the perception of a weak President – more than that there’s no real Bidenism that I can see which might amount to a core set of principles. It’s worth comparing him for instance with Bill Clinton. People forget that after Clinton came in in 1992, he immediately got cleaned out in the mid-terms, and had to work with Republicans. But he didn’t stick his head in the sand: instead he brought down the federal deficit and instituted some important welfare reforms. That led to a remarkably prosperous decade where the federal government even ran a surplus.

    That’s where Obama differed with Clinton. Clinton saw how he could make lemonade out of lemons – and it helped him in doing that, to have been the Governor of Arkansas. Obama, by unhappy contrast, had never run anything and it certainly showed. Biden suffers from the same affliction.

    What we’re witnessing with Trump’s resurgence speaks to a gap in America’s institutions: there’s no Leader of the Opposition in America. Trump has effectively been fulfilling that role by default – and you could say Nancy Pelosi did something similar from 2016-2020 during the Trump years. The system is too diffuse and lacks that gladiatorial atmosphere of parliamentary debate we see week in week out in the House of Commons.

    Politicians never debate each other except during elections and all interaction is done through the prism of the media.  No American President is called upon to do PMQs and the Cabinet meanwhile is absolutely invisible to the public. We’re paying the price of all that now – and who knows where it will end.

  • Hard Truths About Fossil Fuels: Dinesh Dhamija’s Call to Action

    Dinesh Dhamija calls for urgent action at the upcoming UN Summit of the Future to address the devastating impact of fossil fuels on the planet.

     

    When the world’s political and business leaders gather in New York next month for the UN-sponsored Summit of the Future, they will have to confront an elephant in the room.

    Despite record temperatures around the world, with at least 10 countries registering 50 degrees centigrade, rampant wildfires and a mass bleaching of the Great Barrier Reef,  the Summit’s pre-announced ‘climate pact’ makes no mention of fossil fuels. This omission brought a scathing response from 77 world leaders and Nobel prize-winners: “The extraction and burning of fossil fuels is the primary cause of the climate crisis, fuelling extreme weather, fires, lethal heat, droughts and flooding that are threatening lives and livelihoods around the planet,” they wrote in a letter to the event organisers.

    “Yet this isn’t the end of the carnage – the extraction and burning of fossil fuels undermine all 17 [United Nations] Sustainable Development Goals, including jeopardising public health, fuelling conflict, exacerbating social inequalities and threatening biodiverse ecosystems worldwide.” There is a wilful blindness to the harms of fossil fuels, caused by the mutual dependence of some politicians and big oil and gas companies, and abetted by electorates who are understandably reluctant to pay now for to benefit future generations (even if those beneficiaries include their own grandchildren).

    At a time when international cooperation is at a low ebb, with geopolitical tensions and insularity replacing the globalisation of recent years, the world needs a new rationale for multinationalism. What better than something which threatens all of us, and for which there are already proven solutions: renewable energy in the form of solar, wind and new areas such as tidal power generation.

    “We call on the UN to ensure that the Pact for the Future includes robust commitments to manage and finance a fast and fair global transition away from coal, oil and gas extraction in line with the 1.5 degrees Celsius limit agreed to by nations in the Paris Agreement,” added the signatories. “If the Summit of the Future does not address the threat of fossil fuels, it will not be worthy of its name, risking undermining a once-in-a-century opportunity to restore trust in the power of international cooperation.” As the consequences of fossil fuel use grow increasingly hazardous to human life, while the remedies are increasingly affordable and accessible, we’re surely approaching a tipping point.

    Until then, it’s crucial that voices such as these 77 objectors are heard, heeded and amplified.

     

    Dinesh Dhamija founded, built and sold online travel agency ebookers.com, before serving as a Member of the European Parliament. Since then, he has created the largest solar PV and hydrogen businesses in Romania. Dinesh’s latest book is The Indian Century – buy it from Amazon at https://www.amazon.co.uk/dp/1738441407/