QUICK NEWS, October 1: ‘There Is Not A Climate Crisis’ – White House’s BLM; Good Long-Term New Energy Stock Buys
‘There Is Not A Climate Crisis’ – White House’s BLM Trump administration pushes for Arctic drilling by arguing 'there is not a climate crisis'
Rebecca Beitsch, September 30, 2019 (The Hill)
“…The Bureau of Land Management's (BLM) environmental impact statement, released this month, is the last step before drilling leases can be sold on a piece of wilderness in Alaska that House Democrats have sought to protect…[The BLM document contains language] that spells out the administration's response to opponents who argue drilling in the Arctic will hasten climate change…[It argues that the proposed development is not] ‘inconsistent with maintaining a livable planet (i.e., there is not a climate crisis)’…[and that the] ‘planet was much warmer within the past 1,000 years, prior to the Little Ice Age, based on extensive archaeological evidence’…
…[It adds that the earlier warming] ‘did not make the planet unlivable; rather, it was a time when societies prospered’… [Brenda Ekwurzel, director of climate science for the Union of Concerned Scientists, called this arguments ‘shockingly out-of-step with what mainstream science tells us’ and ‘nothing more than a coordinated disinformation effort by the administration to deny the science, roll back climate policies, and actually drive up carbon emissions at a time when urgent cuts are needed’…BLM favors the option to offer lease sales across 1.56 million acres of Alaska’s coastal plains… before the end of the year.” click here for more
Good Long-Term New Energy Stock Buys 3 Top Renewable-Energy Stocks to Buy Right Now; These renewable energy companies have bright futures.
Matthew Dilallo, September 29, 2019 (Motley Fool)
“…[The global economy has invested $1.5 trillion in New Energy over the last five years, but over the next ten years it could invest] another $5 trillion-$10 trillion…Three of the top companies focused on this market are Brookfield Renewable Partners (NYSE:BEP), TerraForm Power (NASDAQ:TERP), and NextEra Energy Partners (NYSE:NEP). All three boast excellent growth prospects while also paying an attractive dividend. That should give them plenty of power to generate strong total returns, making them great long-term buys right now…
[They are among the world's largest renewable energy companies and operate diversified portfolios of green energy assets like hydro, wind, solar, and energy storage with long-term, fixed-rate contracts that] generate very predictable cash flow…[They currently pay dividends of 3% to 5% or more annually and expect by the early to mid-2020s to grow their] cash flow per share by a more than 10% annual rate…[These New Energy investments offer] an enticing combination of yield and growth prospects…[that make them] excellent long-term buys…” click here for more