Climate Order Will Undermine U.S. Financial Stability

Late last month, President Joe Biden issued yet another executive order related to fighting climate change that will effectively conscript the U.S. financial sector into the climate war.

Article by Peter Murphy from Real Clear Energy.

This executive order sets out to effectively transform the nation’s energy sector and the economy, writ large, based on the vapid claim that “intensifying impacts of climate change present physical risk to assets, publicly traded securities, private investments and companies – such as extreme weather risk leading to supply chain disruptions.”

Specifically, the president’s order directs federal agencies that oversee the private financial sector, including banks, insurers and investment firms, to assess “climate-related financial risk” of the stability of the federal government and U.S. financial system. This arbitrary, bureaucratic assessment of financial risk will then set the table for massive federal intervention into the U.S. private sector for it to divest from fossil fuels and redirect to more “green energy” projects.

Nowhere does the order deign to provide evidence nor actual science to back up such sweeping climate change rhetoric, much less justify the government’s massive market intervention—without even a vote by Congress—to re-direct trillions of dollars in the private sector economy.

The causes, pace and effects of climate change are highly disputed, notwithstanding the mainstream media groupthink on the issue. Environmentalist dogma which asserts that “extreme weather” events are unique to the present day is unfounded, as is the notion that it constitutes a “risk” to the U.S. financial system.

For example, one look at data from the National Oceanic and Atmospheric Administration (NOAA) finds that landfalling hurricanes “‘show a slight negative trend’ since ‘late 1800s.’”  Sea level rise has not accelerated rapidly either.  As Former Obama-Biden federal scientist Dr. Steve Koonin noted, sea level is rising at the “rate of one foot per century and was doing it at about the same rate 80 years ago.”

Nonetheless, the Biden administration is going full bore to remake the country’s financial system for the specious and highly debatable assertion that we face a climate apocalypse.

The United States government alone exceeds one-fifth of the nation’s economy; thus, it already holds considerable sway over private sector businesses. Along with its spending power, the federal government also has far-reaching authority through its regulatory power.

Through a federal entity called the Financial Stability Oversight Council, Mr. Biden’s executive order directs it to come up with “processes to identify climate-related financial risk,” force “enhanced climate-related disclosures” of private companies over which the federal government regulates and make recommendations on how such risk “can be mitigated, including through new or revised regulatory standards.”

President Biden and his administration of global warming generals would have us believe they are fighting a war to save Earth. Instead, it is ordinary Americans who are and will be paying for this pointless war with their jobs and livelihoods and even their retirement savings.  All this, with zero guarantee it will impact the climate in any way. Compounding this futility is other large, fossil-fuel consuming nations like China, Russia and India, which have no such climate obsession.

Transitioning to “net-zero” greenhouse gas emissions by 2050, were it possible, is not cost-free, regardless how many illusory promises are made for good-paying green jobs.  Every renewable energy source is produced and sustained by fossil fuels, which makes the “renewable” label a fallacy. Solar panels, wind turbines and electric car batteries cannot exist without oil and gas, including the ability to mine for the necessary raw materials to manufacture them.

President Biden’s executive order is the continuation of its war on traditional energy sources, which began on Inauguration Day when he shut down construction of the Keystone XL pipeline with a stroke of his pen. More than 1,000 Americans immediately lost their jobs, with another 9,000 future job opportunities canceled. Mr. Biden also halted new energy leases on federal lands, and just canceled leases for development of the Arctic National Wildlife Refuge in northern Alaska – a desolate place no one should conflate with the Grand Canyon.

As the Biden administration reduces the domestic supply of energy and weakens America’s energy independence, fuel prices are rising. The average price in the U.S. of a gallon of gasoline is now at a seven-year high and growing. A gallon of gas jumped in price by nearly five percent in the last month and by more than 50 percent in the last 12 months, according to AAA.

Cancelling pipelines and energy leases is only the beginning. The Biden administration is now set to force reduced private investment in an industry based on the groundless label of “climate-related financial risk.” This will ultimately be the death knell of products and workers tied to that industry – which is the point.

President Biden’s recent executive order will increasingly make safe, abundant and affordable energy cost-prohibitive to low- and middle-income families. Rather than ensuring a stable U.S. financial system, this undemocratic action will undermine U.S. economic competitiveness, national security and financial stability.

‘The Purge’ by Big Tech targets conservatives, including us

Just when we thought the Covid-19 lockdowns were ending and our ability to stay afloat was improving, censorship reared its ugly head.

For the last few months, NOQ Report, Conservative Playbook, and the American Conservative Movement have appealed to our readers for assistance in staying afloat through Covid-19 lockdowns. The downturn in the economy has limited our ability to generate proper ad revenue just as our traffic was skyrocketing. We had our first sustained stretch of three months with over a million visitors in November, December, and January, but February saw a dip.

It wasn’t just the shortened month. We expected that. We also expected the continuation of dropping traffic from “woke” Big Tech companies like Google, Facebook, and Twitter, but it has actually been much worse than anticipated. Our Twitter account was banned. Both of our YouTube accounts were banned. Facebook “fact-checks” everything we post. Spotify canceled us. Medium canceled us. Apple canceled us. Why? Because we believe in the truth prevailing, and that means we will continue to discuss “taboo” topics.

The 2020 presidential election was stolen. You can’t say that on Big Tech platforms without risking cancellation, but we’d rather get cancelled for telling the truth rather than staying around to repeat mainstream media’s lies. They have been covering it up since before the election and they’ve convinced the vast majority of conservative news outlets that they will be harmed if they continue to discuss voter fraud. We refuse to back down. The truth is the truth.

The lies associated with Covid-19 are only slightly more prevalent than the suppression of valid scientific information that runs counter to the prescribed narrative. We should be allowed to ask questions about the vaccines, for example, as there is ample evidence for concern. One does not have to be an “anti-vaxxer” in order to want answers about vaccines that are still considered experimental and that have a track record in a short period of time of having side-effects, including death. One of our stories about the Johnson & Johnson “vaccine” causing blood clots was “fact-checked” and removed one day before the government hit the brakes on it. These questions and news items are not allowed on Big Tech which is just another reason we are getting canceled.

There are more topics that they refuse to allow. In turn, we refuse to stop discussing them. This is why we desperately need your help. The best way NOQ, CP, and ACM readers can help is to donate. Our Giving Fuel page makes it easy to donate one-time or monthly. Alternatively, you can donate through PayPal as well. We are pacing to be short by about $3700 per month in order to maintain operations.

The second way to help is to become a partner. We’ve strongly considered seeking angel investors in the past but because we were paying the bills, it didn’t seem necessary. Now, we’re struggling to pay the bills. We had 5,657,724 sessions on our website from November, 2020, through February, 2021. Our intention is to elevate that to higher levels this year by focusing on a strategy that relies on free speech rather than being beholden to progressive Big Tech companies.

During that four-month stretch, Twitter and Facebook accounted for about 20% of our traffic. We are actively working on operating as if that traffic is zero, replacing it with platforms that operate more freely such as Gab, Parler, and others. While we were never as dependent on Big Tech as most conservative sites, we’d like to be completely free from them. That doesn’t mean we will block them, but we refuse to be beholden to companies that absolutely despise us simply because of our political ideology.

We’re heading in the right direction and we believe we’re ready talk to patriotic investors who want to not only “get in on the action” but more importantly who want to help America hear the truth. Interested investors should contact me directly with the contact button above.

As the world spirals towards radical progressivism, the need for truthful journalism has never been greater. But in these times, we need as many conservative media voices as possible. Please help keep NOQ Report going.

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