Biden's mix message on the climate
When President Joe Biden isn't begging OPEC to produce more oil to bring prices down and save his political bacon, when he isn't endorsing gimmicks to encourage more gasoline use with a gas tax holiday, his administration is still out there paying lip service to the idea that climate change is an imminent threat to human survival.
Of course, Biden doesn't believe this at all. None of them believe it, and neither should you.
Biden's SEC is currently trying to work out a way to make companies disclose how much energy they use and what measures they are taking to deal with business risks supposedly associated with climate change. This is intended to impose some kind of cost upon investors for the act of using or producing or just investing in energy.
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If any of this silliness comes to pass, the best thing every company involved could do is simply tell the truth. Call Biden's bluff.
Climate change has never caused any bank or business to fail. It poses zero risk to our company. We are taking no precautions regarding climate because none are necessary.
In an ideal world, every business would be allowed to give such a simple answer, and every business would indeed give it. In nearly all cases, it has the benefit of being true. Those companies that want to adopt the trappings of environmental consciousness know, in nearly all cases, that their minimal commitment affects nothing.
And if BlackRock or some other activist fund decides not to invest because you refuse to play this game, then your company should welcome divestment. Who needs Trojan horse investors whose main goal is to destroy your livelihood? You're better off buying back your own stock at a cheaper price when they get out, because guess what — people actually need oil and gas. They're going to keep buying it for decades to come because they need it.
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The people who are pushing the climate change narrative have been serially wrong for decades. In case you haven't notices the poles are still not ice-fee and coastal cities are still not under water despite predictions that those very things would have happened by now.
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