Growing numbers of companies, banks, universities and investment
houses are adopting Environmental, Social and Governance (ESG) standards
and disclosure rules. They’re pressured to do so by activists,
legislators and regulators. Many expect to get rich via
taxpayer-subsidized “renewable” energy projects.
Nearly
all hope to “greenwash” their reputations, by claiming they’ll “make
the world a better place,” by reducing fossil fuel emissions, and thus
planetary temperatures and extreme weather events.
They recently got a boost from the US House of Representatives. It voted 215-214 party-line to pass a bill
supporting Securities and Exchange Commission plans to impose new ESG
rules requiring publicly traded companies to disclose “climate risks”
caused by oil, gas and coal production and use. Some think ESG climate
claims and misconduct could receive greater SEC scrutiny, though that seems unlikely.
Woke organizations need to wake up to climate, ESG and renewable energy realities.
The ever-more-hysterical climate and weather claims have been roundly debunked by Dr. Roy Spencer, Gregory Wrightstone, Marc Morano, Steven Koonin and others.
But what’s truly outrageous about ESG is the way it studiously ignores
the massive, widespread damage inflicted by pseudo-renewable energy.
Wind and sunlight certainly are clean, renewable and sustainable. But harnessing their highly dispersed, unpredictable, weather-dependent energy to meet humanity’s huge and growing energy needs absolutely is not.That requires lands and raw materials that are anything but renewable– using fuels and processes that are absolutely not clean,
green, ecological or sustainable. Because they fail to recognize this,
ESG programs are dishonest, even fraudulent – and must be reformed or
scrapped.
Wind, solar and battery land and raw material requirements are astronomical. Onshore wind turbines
require nine times more metals and minerals per megawatt than a modern
combined-cycle gas power plant. One onshore 3-MW turbine foundation
needs 600 cubic yards (1,500 tons) of concrete, plus rebar.
Offshore wind requires 14 times more materials per MW. Just the 2,100 850-foot-tall offshore turbines (30,000 megawatts) that President Biden wants to install by 2030 would require110,000 tons of copper, plus millions of tons of steel, aluminum, fiberglass, cobalt, rare earth metals and other materials.
At an average of 0.44% copper in ore deposits worldwide, the copper alone would require mining and processing25 million tons of ore, after removing 40 million tons of overburden to reach the ore bodies!
Add
in materials for solar panels, more onshore and offshore wind turbines,
backup battery systems, electric vehicles, transmission lines, and
all-electric home heating and cooking systems – to run the entire USA,
Europe and world – and the “green energy transformation” would require hundreds of billions of tons of metals, minerals and plastics, trillions of tons of ores, trillions of tons of overburden, and thousands of mines, processing plants and factories. Nearly all these operations employ fossil fuels.
America’s
laws and attitudes make mining in the United States nearly impossible,
even to support ESG-certified “green” energy facilities. That means most
mining and processing will be done in Africa, Asia and Latin America,
increasingly by Chinese companies. The manufacturing is done
increasingly in China, which is why that country is building more coal-fired power plants every month.
Pseudo-clean-energy
activities utilize hazardous chemicals and release toxic pollutants.
They require vast volumes of water, often in the world’s most
water-deprived regions. They cause acid mine drainage, create mountains
of waste rock, and often result in vast “lakes” of toxic chemicals from
refining the ores. Most are conducted under almost nonexistent pollution
control, mined-land reclamation, endangered species, workplace safety,
child and slave labor, and fair wage rules.
Cobalt mining already involves 40,000 African children, as young as four! Many Chinese solar panels are made with Uighur forced labor. ESG “green” aspirations would multiply this slavery many times over.
These
travesties occur overseas – out of sight and out of mind – letting ESG
activists and profiteers make incessant false claims that fossil fuel
replacement energy is clean and virtuous. But when wind, solar and
battery facilities are installed, adverse consequences will reverberate
across the United States.
Hundreds of millions of acres of scenic,
wildlife habitat and coastal areas would be impacted; millions of
birds, bats, tortoises and other wildlife displaced, maimed and killed.
And when their short productive lives are finished, billions of turbine
blades, solar panels and batteries will be sent to gigantic landfills,
because they cannot be recycled; their toxic metals and chemicals could
leach out into soils, streams and groundwater. The same will happen in
Europe, Canada, Australia and elsewhere.
Even on windy days, Mr. Biden’s 2,100 monstrous offshore turbines won’t meet New York State peak summertime
electricity needs. Meeting just US coastal city needs would require
tens of thousands of turbines. Dredge-and-fill operations associated
with installing them would smother mollusks and other benthic species.
Vibration noises would harm whale and porpoise navigation and
communication. Their mere presence would create major safety issues for
aircraft and fishing, naval and commercial vessels.
A single
industrial solar facility near Fredericksburg, Virginia required
clearcutting thousands of acres of forest habitat. Solar installations
proposed for the American Southwest would blanket millions of acres of
desert habitats. Dominion Energy is planning solar facilities on
Virginia acreage totaling one-fourth of Delaware. Wind and solar
operations would threaten or eradicate dozens of bird and other species
that environmentalists have utilized for decades to stop drilling,
fracking and pipeline projects.
Connecting far-flung wind, solar
and battery installations to industrial centers and urban areas would
require thousands of miles of new transmission lines – and still more
steel, copper and concrete. Battery fires have already destroyed
electric vehicles and homes. Imagine huge warehouses filled with
thousands of battery modules erupting into enormous, uncontrollable
conflagrations.
Biodiesel projects have already destroyed important orangutan habitats, and thousands of acres of US hardwood forests have been turned into wood pellets for Britain’s Drax Power Plant.
Threatened,
endangered, migratory and marine species must be protected –wherever
mining, processing and manufacturing take place, and wherever
“renewable” energy installations are contemplated. Human health impacts
from infrasound and light flicker must guide decisions on how close to
homes and businesses wind turbines may be installed.
Reformed ESG
rules – call them Environment and Human Rights (EHR) principles – must
require that all these issues are addressed for every wind, solar,
battery, transmission and biofuel proposal.
People must know in
advance how many turbines, panels, batteries and power lines are
contemplated; how many tons of metals, minerals, concrete and plastics
they will require; where those materials will come from; under what
environmental, pollution, safety, wage and child labor standards.
Companies and government agencies must certify that supply chains are
free from child or slave labor.
Project-specific, comprehensive
and cumulative US and global environmental studies must be conducted
before any projects are approved, and must include regular, independent
reviews of bird, bat, reptile, whale, porpoise and other wildlife
displacements, injuries and deaths. Project studies must fully assess
all environmental, human health, human rights and other impacts
worldwide, and must not be fast-tracked.
These reality-based EHR
principles will help ensure that any “green future” is founded on
ethical standards that address all human and ecological consequences,
and actually do make the world a better place. They can also help guide
SEC investigations and prosecutions for ESG misconduct and fraud – and
help spur much-needed mining in the United States, to reduce our reliance on China, Russia, Taliban Afghanistan and other adversarial countries for critical and strategic minerals.