Good News & Bad News, page-38688

Unfortunately the world (including PLS shareholders) is being told Net Zero Rubbish.

PLS can and should succeed without the need for Net Zero Lies

BOOM FINANCE ARTICLE :-

Clean energy use and storage are great goals ... NET ZERO is catastophic nonsene

On October 8^th2021, President Biden signed Executive Order 14057 which states the “US Government Will Lead by Example to Leverage Scale and Procurement Power to Drive Clean, Healthy, and Resilient Operations”.The stated aim is to lead by example in tackling the “climate crisis”.

Readers should note that Carbon Dioxide is the only variable being considered here. Sub-oceanic volcanic activity, oceanic temperature variations, rainfall, cloud formation, magnetic pole shift, the impact of reduced solar activity and Cosmic Ray proton waves from Super-nova explosions are not being considered. These phenomena are all ignored by climate scientists. For them, there is only one variable. Perhaps there is some obtuse logic in that stance. After all, human beings cannot have any influence on those huge astronomical and geological events. BOOM calls this the Single Variable method of analysing complex phenomena.

The White House Brief in Order 14057 hopefully states:“The executive order will reduce emissions across federal operations, invest in American clean energy industries and manufacturing, and create clean, healthy, and resilient communities. The President is building on his whole-of-government effort to tackle the climate crisis in a way that creates well-paying jobs, grows industries, and makes the country more economically competitive.”

This statement is not coherent in regard to basic physics and the economics of supply and demand. In other words, how can economic growth continue without hydrocarbon energy to fuel transport, cement production, steel, heating and fertilizers for food production?

Nevertheless, the Executive Order states the following five ambitious goals:

BOOM comments are in bold.

• 100 percent carbon pollution-free electricity (CFE) by 2030(just 6 short years away), at least half of which will be locally supplied clean energy to meet 24/7 demand;(and where will the other half come from?)

• 100 percent zero-emission vehicle (ZEV) acquisitions by 2035, including 100 percent zero-emission light-duty vehicle acquisitions by 2027;(just 3 short years away)

• Net-zero emissions from federal procurement no later than 2050, including a Buy Clean policy to promote use of construction materials with lower embodied emissions;(what will replace steel and cement?)

• A net-zero emissions building portfolio by 2045(no “emissions” from any buildings?), including a 50 percent emissions reduction by 2032; and

• Net-zero emissions from overall federal operations by 2050, including a 65 percent emissions reduction by 2030.(just 6 short years away)

BOOM admires ambition. However, there is a thing called reality to consider here. The Executive Order looks to have been written by an enthusiastic Grade 8 high school student who has no understanding of how such a complex economy as the United States operates by using vast amounts of energy – mostly supplied from Hydrocarbon sources.

Shortly after the ambitious but unrealistic goals are listed, the White House statement devolves to using a propagandist slogan – Build Back Better --“Today’s executive action is a part of the President’s broader commitment to increasing investments in America’s manufacturing industries and workers tobuild back our country better.”

The White House also released a detailed description of this plan (which is 68 pages long, if you care to read it):The Federal Sustainability Plan: Catalyzing America’s Clean Energy Industries and Creating Jobs Through Federal Sustainability

https://www.sustainability.gov/pdfs/federal-sustainability-plan.pdf

The White House release goes on to state:“Through this executive order, the federal government will transform its portfolio of 300,000 buildings, fleet of 600,000 cars and trucks, and annual purchasing power of $650 billion in goods and services.”

It’s that easy? Apparently all that is required is an executive order from Washington DC.

Lots of wishful, magical thinking continues until you reach the end of the document. One single sentence is sufficient to deal with the US Department of Defense which is a massive user of Hydrocarbon fuels:“DODis integrating climate change considerations across its strategic guidance and planning documents, including the National Defense Strategy, which will be released in 2022.”

Presumably, that means a US Defense force withzero aircraft, zero missiles and zero space missions. Mmmmm … OK, if the executive order says so.

US STRATEGIC BOMBER FLEET — POWERED BY HOT AIR [Unquote]
Source : BOOM Finance