“By increasing natural gas capacity by 13%, [the Northeast Supply Enhancement (NESE) Project] will deliver stable energy supply that ensures small businesses, affordable housing developments, and new industries have the power they need to operate and grow. NESE is projected to save New Yorkers up to $6 billion over the next 15 years….”
New York Governor Kathy Hochul is an anti-energy governor, joining California’s Gavin Newsom. But the magical energies of wind and solar, replete with battery backup, have not delivered. Natural gas, in particular, is the phantom fuel for affordable, reliable. least-cost electricity.
New York State’s infamous climate law, Climate Leadership and Community Protection Act, is in big trouble. With unachievable targets–a 40 percent reduction in greenhouse gas emissions by 2030 and 85 percent by 2050 from baseline 1990 levels–the law envisions 100 percent zero-emission electricity by 2040 with a Climate Action Council and a Scoping Plan to reach these targets.…
“Subsidies like the DOE’s guarantees can incentivize firms to prioritize short-term gains over long-term compliance. Sunnova’s aggressive sales tactics, which targeted vulnerable consumers, were enabled by its belief that federal backing insulated it from accountability.” (Issac Lane, below)
MasterResource has chronicled the rise and fall of the large, government-enabled rooftop solar company, Sunnova Energy International, Inc. Led by the toothy Enron-ex John Berger (who made millions of dollars at the expense of just about everyone else, including taxpayers), Sunnova is yet another case study of business failure under political capitalism (versus free-market capitalism).
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“[The Paris agreement] is a fraud really, a fake…. It’s just worthless words.” ( – James Hansen, below)
COP30, a CO2-fest of sorts, is failing. Major emitters have not shown up. Virtually all nations and regions are in serious noncompliance with their Paris Agreement goals according to Climate Tracker, and the gap is widening. The new pitch is less about emissions as about the fantasy of cheap wind and solar and batteries heralding a new energy era. Yet the energy transition has been demoted to energy addition (Daniel Yergin) and now energy duplication. Think rising energy prices from climate policy….
Hansen on Paris
James Hansen is a realist when it comes to the United Nations’ global warming negotiations; wind and solar energies; and the lobbying frenzy surrounding the issue.…