Ben Zycher News Today

The CLC proposal is poor conceptually and deeply unserious.

People are perfectly free to invest their wealth to help achieve political goals, but investment managers should not be induced to do so ostensibly on their behalf.

<p><span>Thank you, Ben [Zycher], and thanks to the American Enterprise Institute for the opportunity to be part of today’s event. Before I begin, I must remind you that my views are my own and not necessarily those of the Securities and Exchange Commission (“SEC”) or my fellow Commissioners. As an SEC Commissioner, I appreciate hearing about people’s views of the SEC, even negative ones. Recently, for example, an email came in saying, &ldq...

Yup, its Earth Day today. (Also Lenins birthday, but I am sure it is just a coincidence.) I know you cant contain your excitement. But try. As always, today is a good day to check in with Mark Perrys list of 18 predictions made on the first Earth Day in 1970 that have all proven spectacularly wrong. My favorite: Peter Gunter, a North Texas State University professor, wrote in 1970,

The only thing that could have made President Bidens State of the Union speech worse is if he had droned on and on about climate change. In fact, as Ben Zycher notes, Biden barely mentioned the subject: the word climate was only mentioned twice. True, his two mentions were absurd, such as this one: Second — cut energy costs for families an average of $500 a year by combatting climate

A core axiom of green energy is that it is actually cheaper than fossil fuels, because the wind and sunlight are free. The Rocky Mountain Institute argues with a straight face that the faster the world deploys renewables, the more money we will save in energy costs. Tell that to Denmark, which generates half its electricity from wind power, but has the second highest electricity rates in Europe. Or California, with