Will state attorneys general allow their cities to make energy policy?
That's the question I ask in my latest column discussing climate lawfare currently being waged by blue cities and counties across the country:
https://t.co/vjCyDYHMHQ
Great to join @GordonGChang on @FoxNews yesterday to highlight how foreign billionaires are funding left-wing groups to undermine AI data centers, American energy, and critical AI innovation.
AI is a net good for the US. Foreign money should NOT be used to undermine it.
“If more companies run the same successful campaign as Exxon, the proxy firms may finally start to reform themselves in the same way that the asset managers did a few years ago.”
Read @mctoth’s latest for @BLaw:
https://t.co/liuHXXMA3h
Exxon just won 71% shareholder approval to move to Texas despite opposition from ISS and Glass Lewis.
The bigger story: the wide vote margin suggests that BlackRock, Vanguard, and State Street may have voted with Exxon and against the proxy advisory consensus.
My latest in @BLaw:
Thank you @rc_markets for featuring Civitas Institute executive director @RyanStreeterATX’s latest @CivitasOutlook piece: Edmund Phelps and the Culture of Dynamism
Read it here: https://t.co/lNaAdSVwic
Happy #529Day! 🎓
529 accounts started as college savings plans. Now they cover K-12 tuition, apprenticeships, job training, and more.
They could become America's engine for education choice and lifelong learning.
@mctoth@FREOPP@NationalAffairs
https://t.co/tc9h72TbZ1
Climate change plaintiffs want regulation without borders. That would harm American oil and gas and turn the lights off in Europe and other places that rely on US energy.
As I write in the brief, it's time for SCOTUS to stop local governments from trying to make foreign policy.
🧵 New SCOTUS brief from research director @mctoth:
In today’s global economy, oil and gas function almost like an international currency. They underpin global supply chains, power international commerce, and shape the balance of power between nations.
The problem for the proxy advisory firms is that the corporate march to the Lone Star State won’t end with Exxon.
More from research director @mctoth on Civitas Outlook: https://t.co/DYeGsIwmGg
Ahead of the busiest driving weekend of the year, Gavin Newsom is doubling down on stupid by picking a fight with Chevron — and as usual, he's lying the whole way.
California's high gas prices are its own doing.
— Nation's highest gas taxes
— Air quality compliance costs
— 64% reliance on foreign oil
— +15 cents/gal due to “clean blended gas” use
— 17% loss of refining capacity from closed refineries
@UT_Civitas@RCPolitics@CivitasOutlook Great to be in @RCPolitics. Glass Lewis & ISS want to dictate major business decisions for U.S. companies while operating with little transparency themselves. Next week @exxonmobil's shareholders have an opportunity to push back.
A must-read from Tennessee Solicitor General Matthew Rice on Colorado’s attempt to bypass the constraints of the Constitution and influence national energy policy. 👇🏻
“Colorado may make its own policy choices on how best to manage natural resources within its borders while ensuring reliable and affordable energy. But it is not free to impose those decisions on the rest of the country through tort suits — just as other states cannot impose their preferences on other hotly contested political issues.”
https://t.co/agvfxLzNOp
Proxy advisors Glass Lewis and ISS are urging shareholders to vote against Exxon’s move to Texas.
But Exxon isn’t the exception — it’s the rule. Different companies. Different industries. Different shareholder-rights structures. Same recommendation every time: vote no.
At some point, investors should ask whether the proxy duopoly is evaluating these proposals on the merits or simply opposing Texas. My latest ⬇️
https://t.co/vwwMjt6HMZ
Early evidence shows that Glass Lewis and ISS have crystallized their opinion against corporate moves to the Lone Star State.
Read research director @mctoth’s latest for Civitas Outlook here: https://t.co/q994sLyMX7
Radical anti-energy activist judges in Hawaii are attempting to bring American energy to its knees in the name of “Climate Change.”
These lawsuits target refineries and attempt to control global emissions.
Move over, California.
Hawaii is now the poster child of anti-energy activism. Dubious lawsuits, selective enforcement, and close ties between judges and climate NGOs that demand federal scrutiny.
New @FoxNews by John Yoo and me ⬇️
Filed an amicus brief in the Supreme Court’s upcoming Suncor case arguing that local governments cannot impose a global carbon tax on American energy production.
The Constitution vests national energy strategy in the federal government, not a patchwork of local courts.