Another way to look at J.D. Vance on climate
Another way to look at J.D. Vance on climate
Plus, what's next for local climate lawsuits after Baltimore case tossed.
In today’s edition:
— Why the sudden hysteria over J.D. Vance’s climate record might be misplaced
— What’s next for state climate suits after key Baltimore case against Big Oil thrown out
— As the SEC’s climate reporting rule remains in limbo, some states are picking up the baton
— As Olympics get started in Paris, why climate change is a major new competitor
— Biden announces $1.7 billion in grants for EVs in swing states to save union jobs
— Think California has the highest energy costs in the US? You’d be wrong. Check out this state-by-state ranking to see where your state fits in
Media can be prone to knee-jerk reactions, and in the past 24 hours we’ve seen just that when it comes to J.D. Vance and climate: Former President Donald Trump’s new vice-presidential candidate, the senator from Ohio, is an avowed oil and gas enthusiast who will lead the attack on Democratic climate initiatives in the swing states and dismantle everything President Joe Biden has done if elected.
So the early thinking goes. But it’s more just a new gasp of the general hysteria that’s enveloped the nation since the weekend assassination attempt on Trump, and his subsequent surge in popularity, plus the media limelight of this week’s convention.
Vance will say all the right things to stick with Trump’s message. We’ve seen how he’s switched his allegiance and his earlier support of renewable energy to come into line with the Republican platform of “drill, baby, drill,” which makes little sense but is certainly easy to chant and remember.
But he’s also a former venture capitalist and an ambitious business and political leader who knows the markets. He is judged by job creation and low costs in Ohio, one of the states doing a lot to create jobs in clean energy production and EV manufacturing these days. He supports Biden’s regulatory stance on Big Tech and concern about China and is trained to focus on entrepreneurs and innovation.
Markets are the most reliable gauge. Clean energy stocks rose Tuesday while oil and gas stocks were mixed, showing investors are much more interested in when interest rates will start falling than who will be vice president. The rest is just a show.
Don’t forget to contact me directly if you have suggestions or ideas dcallaway@callawayclimateinsights.com.
Follow us . . . .
Twitter | LinkedIn | Facebook | Instagram
We’re having a summer sale! We depend on your support to bring you the latest and best investing insights from the world of climate finance. New subscribers can get 40% of the price of an annual subscription for orders placed by the end of the July.
Tuesday’s investor-only insights
What’s next for state climate suits after Baltimore case thrown out
Keep reading with a 7-day free trial
Subscribe to Callaway Climate Insights to keep reading this post and get 7 days of free access to the full post archives.