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• Transition Fears Run High on Outcome of November E …

• UN Chief Calls for Windfall Taxes on Oil, End of A …

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Transition Fears Run High on Outcome of November Elections

The U.S. energy transition is under threat.

The threat is a potential Trump win in November.

And it’s a big one.

The unthinkable: slowing down the transition

Wood Mac this month put out a report estimating a conservative win would lower green investments.

It would lower them by a shocking 55%...

…from the no less shocking $11.8 trillion the U.S. needs to spend by 2050 for a successful transition.

I’d speculate this would be good news for a lot of people.

The kind of people who live in the real world—and they pay their taxes there.

But there’s something even more horrible.

A Trump win would lead to more support for the oil and gas industry.

That’s probably the worst nightmare of climate activists in and out of government.

And there’s more.

Wood Mac says a Trump admin might even cut corporate taxes.

Which would leave less tax money to invest in the transition.

Total destruction of the beautiful green vision

While fears run hot no one is asking some obvious questions.

Why do transition technologies need so much continued support?

Weren’t wind and solar so cheap they were basically free?

Why so much worry about investments if the transition is such a lucrative opportunity?

Investors happily flock to lucrative opportunities.

The list can go on. Answers, though, will not be forthcoming.

UN Chief Calls for Windfall Taxes on Oil, End of Advertising

Antonio Guterres has called for more punishment for the oil and gas industry.

The head of the UN and a big fan of the transition wants more windfall taxes.

He also wants advertisers to stop working with oil and gas producers.

“We are the meteor”

The top UN official, the one of “highway to hell” fame, is an unsung poet.

In a recent speech he managed to paint so many ugly pictures of the energy industry he should get a medal.

Oil and gas, he said, were “the godfathers of climate chaos”.

They also “rake in record profits and feast off trillions in taxpayer-funded subsidies."

Just a quick fun fact: he said the same two years ago.

Only then, the “feasting” was on “hundreds of billions of dollars.”

Trillions sure sound more impressive.

The call for advertisers to shun oil and gas is also pretty impressive.

Telling an industry to stop doing business with another industry is not totalitarian at all.

Good thing Guterres has no executive power.

His only power is to make people angry.

In that, he has been massively successful…

Just not in the intended way.

People are getting fed up

Social media is a great way to take the temperature of social attitudes.

When it comes to climate change, the temperature is getting higher.

But not because people are getting scared—as the Guterreses of the world want.

No, they’re getting fed up with the fear-mongering.

And they are starting to speak out more and more.

I guess it’s a good thing Guterres can’t shut up.

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