What is Driving Your Retirement Investments? Politics? Or Returns? | Guests: J. Isaac; B. Peacock; H. Ludwig
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Is it legal for banks to engage in a group boycott of fossil fuels?  Can your retirement fund manager “play politics” with your money, divesting from fossil fuels to save the climate with “green” investments – even if returns will be lower? Jacki talks with Jason Isaac, director of the Texas Public Policy Foundation’s Life:Powered Initiative, which just launched a landmark white paper explaining many ways that a company or fiduciary could be held liable for letting politics guide their investments.  Plus, the two discuss what you can do if you think you have been on the receiving end of this unlawful behavior. Who funds anti-fossil fuel activist communities?  Hayden Ludwig is a senior investigative researcher at the Capitol Research Center, Jacki’s go-to source exposing activism dollars. When so many U.S. energy and environmental policies seem to favor Russia, China, and OPEC, one wonders whether those countries play a hand in funding the activism … or whether the movements are home grown.  Ludwig breaks down American sources of funding. Finally, Texas and other states have experienced a spike in power outages that Jacki predicts will become the new norm as unreliables  - like wind and solar - become a greater share of the grid feed.  “Unreliables” (a term borrowed from the prescient Alex Esptein) generate between 0 to 30% of their capacity – depending on the day’s weather.  Many states (CA, TX, PA, etc.) are sitting atop  all the oil, gas, or coal they need, yet fail to power homes and businesses – endangering lives – by mandating use of energy sources that do not work when needed most during extreme weather.  Jacki discusses the problem with energy markets expert Bill Peacock, founder of ExcellentThought and the immediate past vice president of research at the Texas Public Policy Foundation.
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