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Net-Zero and ESG Are Worsening the Energy Crisis—and Weakening the West

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Net-Zero and ESG Are Worsening the Energy Crisis—and Weakening the West
Secretary of Energy Jennifer Granholm in a file photo. Andrew Harnik/Pool/AP Photo
Rupert Darwall
Updated:
Commentary
The day after President Joe Biden announced that the United States would ban imports of Russian oil and gas, a group of 11 powerful European investment funds that includes Amundi, Europe’s largest asset manager, outlined plans to force Credit Suisse, Switzerland’s second-largest bank, to cut its lending to oil and gas companies. The juxtaposition of these two events dramatizes the fundamental disunity of the West.
Rupert Darwall
Rupert Darwall
Author
Rupert Darwall is a senior fellow of the RealClear Foundation and author of the books “The Age of Global Warming: A History,” “Green Tyranny: Exposing the Totalitarian Roots of the Climate Industrial Complex,” and “Going Through the Motions: The Industrial Strategy Green Paper.” Darwall also authored the reports “The Climate Noose: Business, Net Zero, and the IPCC’s Anti-Capitalism,” “Capitalism, Socialism and ESG,” “Climate-Risk Disclosure: A Flimsy Pretext for a Green Power Grab,” “The Anti-Development Bank: The World Bank’s Regressive Energy Policies,” and “The Folly of Climate Leadership.”
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