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May 25, 2022Liked by Grayson Hoteling

Taking Tesla off of the S&P top 500 has made ESG a sick joke. Just pure propaganda. And this mickey-mouse nonsense Gladstein states are less than worthless. Exxon @ #8, Jesus. Do these scam artists have any self-awareness whatsoever? Any knowledge of Energy & the Environment whatsoever? Apparently not.

Putting Amazon, Microsoft and Apple at the top 3 just because they pump themselves up with the wind & solar credits scam. Just ridiculous. Pretending if you buy a GWh of solar credits dumped anywhere on any grid somehow that offsets the mostly Coal & Gas power they consume.

The problem with wind & solar is because they are intermittent & seasonal they require a mirroring fossil/biomass/nuclear/hydro energy source that supplies almost 100% of grid demand during the wind/solar lulls, which often occur when grid demand is highest, i.e. large stable high pressure cell in the winter. So the best wind & solar can do is theoretically replace some fuel when they are operating. But fuel cost is only about 1/10th the electricity price you pay. Most of the rest is grid costs. So to have that meager fuel savings you essentially have to have two parallel grids operational at all times. To add misery to madness induced cycling and economic inefficiencies in the buffering fossil/nuclear generators mean in reality negligible fuel is actually saved by the wind & solar. Even if the Wind Turbines or Solar Panels were free they would still be far too expensive to be practical except in areas on diesel generation (very expensive fuel) and with a large reservoir Hydro resource or for off-grid homes.

There is a linear price relationship between wind/solar grid penetration and price of electricity. See Ken Gregory, P.Eng, graph Euro/kwh by country 2019: Conclusion: European Wind Plus Solar Cost 6 Times Other Electrical Sources:

friendsofscience.org/index.php?id=2550

End result is after spending over $4 trillion worldwide on wind & solar total, World Primary energy supply is unchanged at 90% combustion fuel as it was 10yrs ago. In spite of improved efficiency of replacing conventional coal with supercritical coal, OCGT with extreme efficiency CCGT, coal/gas with hydro, LED lighting, substantial improvements in transportation efficiency, improved building insulation, heat pumps. Wind/solar hasn't even nearly been able to cover the growth in fossil consumption never mind actually replace fossil. Wind/solar has already been a dismal failure in Europe, leading to high energy prices, electricity & heat supply shortages and steep price increases, dependence on Russian energy & energy blackmail.

As further evidence, a survey of 68 nations over the past 52 years done by Environmental Progress and duplicated by the New York Times shows conventional hydro was quite successful at decarbonization, nuclear energy was also very successful and both wind and solar show no correlation between grid penetration and decarbonization. In other words wind & solar are not replacing fossil, they are a complete waste of money. They only succeed in increasing energy prices which does reduce emissions only by creating energy poverty.

So IN FACT any company financing wind & solar is a carbon emitting glutton. Tesla does badly in that department but far more than offsets that by having been by far the #1 supplier and developer of BEVs which unlike Wind & Solar can seriously reduce emissions, both GHG & pollutants. And SpaceX by reducing cost of material to orbit by 1000X has vast implications for ESG methods of the highest order. Including putting a SunShade at the Solar L1 point which would be the final solution for global warming - if necessary.

Other than that the ONLY companies that should be at the #1, #2 and #3 spots on the ESG list should be those installing and developing Nuclear power. That's just the facts. Where are they on the S&P 500 - oh, nowhere. ESG is a joke and a scam.

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Great points. Thanks for your input. Yeah, I just ditto that I agree nuclear and hydro where possible are definitely no-brainer ways forward. Result: the esg movement totally gets in the way of best decarbonization strategy. 🤙

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