ESG’s Inconvenient Truths and Green Energy’s Inconvenient Moment
Significant portions of the last two weeks’ Capital Letters have been focused on the growing energy crunch in Europe — a crunch that has revolved primarily around natural gas, but which has also highlighted the unreliability of wind energy. This crunch, which is rapidly turning into a crisis, is not just about (far from it, in fact) irresponsible and ill-thought-out climate policies, but it is hard to overlook their baleful effect. There’s a lesson there for the U.S., should we choose to pay attention.
