Blowing Hot And Cold

Guest Post by Willis Eschenbach My mind runs to curious things. Today it went to this one of Aesop’s Fables: A man and a satyr once poured out libations together……

SCMP: China’s Power to “Marshal” Private Savings into Climate Mega Projects will Leave the West Behind

How will Joe Biden marshal the private savings of US citizens to address the climate crisis? The UN thinks half of the $75 trillion required to save the world from climate change must come from private investors. The South China Morning Post thinks China’s authoritarian control of private savings will give China an advantage of the West when it comes to green investments, though they believe Biden could catch up with China by appointing a financial system tsar.…

A Social Conscience Is Nice, But Business Is Business!!

The Nordic government beat back a lawsuit by environmental groups in the country’s Supreme Court, which ruled on Tuesday the authorities had acted lawfully by awarding exploration licenses in the Barents Sea to companies including Equinor ASA, Aker BP ASA and Lundin Petroleum AB.…