Ed. Note: The subtle, insightful concept of resourceship is back in the news given ExxonMobil’s new-generation hydraulic fractionation technology, discussed tomorrow. The expanding hydrocarbon age, still young, is overwhelming political attempts to disrupt it at the expense of consumers, taxpayers, and liberty.
…“If resources are not fixed but created, then the nature of the scarcity problem changes dramatically. For the technological means involved in the use of resources determines their creation and therefore the extent of their scarcity. The nature of the scarcity is not outside the process (that is natural), but a condition of it.”
– Tom DeGregori (1987). “Resources Are Not; They Become: An Institutional Theory.” Journal of Economic Issues, p. 1258.
“Those in the mineral-resource world think in terms of proved, probable, and speculative quantities. Should another category be added–resourceship–that would make such supply open-ended?
“Our mission is to mobilise boards around the world to accelerate the net zero transition, guided by the World Economic Forum’s Principles for Effective Climate Governance.”
Politicized ESG alert for corporations. The Climate Governance Initiative (CGI), housed at the University of Cambridge (UK), wants to hose you down in the name of “saving the Planet.” Rather than debate climate alarm and forced energy transformation, CGI wants to assume it and race down Hayek’s Road to Serfdom, the Utopia being Climate Stability (or some such thing).
The UK Climate Governance Initiative is based on the following premise:
Climate change is a global emergency. Business has a crucial role to play in the necessary transition. Boards must take the lead on this.
…Our mission is to mobilise boards around the world to accelerate the net zero transition, guided by the World Economic Forum’s Principles for Effective Climate Governance.
June 4, 1971, message to Congress by President Nixon, “A Program to Insure an Adequate Supply of Clean Energy in the Future.” Nixon would later identify this as “the first message on energy policies ever submitted by an American President.”[1]
[1]Office of the President, Executive Energy Documents (Washington, D.C.: Government Printing Office, 1978), p. 14.
Summarized Alice Buck:
…President Richard Nixon presented his original plan for an energy agency in his first energy message to Congress in June 1971. Citing the “brownouts” which had occurred in recent months, the natural gas shortages, increasing fuel prices, and the lack of an integrated national energy policy, the President proposed that all major energy programs be consolidated in a new Department of Natural Resources. Two years later, in June 1973, he again urged Congress to take action on his energy legislation.