Bentley Allan

Commission approves €11 billion French State aid scheme to support offshore wind energy The European Commission has approved a €11 billion French scheme to support offshore wind energy in line with the objectives of the Clean Industrial Deal. This measure will contribute to the transitio

The Commission just approved a €11bn French state aid scheme to support offshore wind.

Competitive bidding, direct price support via two-way CfDs, and resilience criteria to curb reliance on Chinese tech.

This is the way. ec.europa.eu/commission/p...

Hit em in the gas prices Mark

Bismuth? Don’t leave me hanging

I assume nickel

Dude, I have you signed up to bring brownies for the first chapter meeting

USMCA Forward 2025 | Brookings USMCA Forward 2025 looks at areas where deeper cooperation between the U.S., Mexico, and Canada can advance key economic and national security goals.

It’s going to be nice when you can just email someone a hard copy. Until then: www.brookings.edu/collection/u...

Always nice to have a hard copy even if the context is a shitshow.

Well when you put it like that

Susan Strange pointing out the hypocrisy of hidden American industrial policy in 1987

I just mean the ontological set-up is pretty overdetermining: man is lost without god and searches for a framework of external value.

Footnotes to Weber, no?

bar chart showing china importing no LNG from the US for the past 4 months and almost no crude oil.

The rest of the world will learn an important lesson from China. Build out your renewables so you aren't as dependent on imported fossil fuels and the whims of idiots.

"China’s imports of three major energy products from the US hit almost zero in June"

The energy transition powers on

The fundamental dynamic so far seems to be that the US isn’t getting much in the deals beyond vaporware investment, but it is definitely driving states into each other’s arms and making more diplomatic space for China.

Or QC, whose industrial strategy is LNG proof 😂

There is a history here with, of course, tariffs at the center. The U.S. tariffed light truck bodies, which meant that U.S. manufacturers had big, protected margins on bigger vehicles and, voila, dumbness!

Opinion: Canada, don’t make the same mistake with LNG that Australia did LNG exports exposed Australians to high global gas prices, allowed gas producers to price gouge and drained the country of low-cost gas reserves

www.theglobeandmail.com/business/com...

An important missive from Australia to Canada: if you export LNG, you will increase the cost of domestic gas.

From an industrial strategy perspective, it is critical to keep energy costs low because those low costs serve as a subsidy to all industries. Upstream resources ftw.

Three-dimensional industrial strategy

Citing our work on green cooperation in the BRICS+
static1.squarespace.com/static/64ca7...

The Guardian view on Brics growing up: A new bloc seeks autonomy – and eyes a post-western order | Editorial Editorial: The expanding group of emerging powers is building new rules, new tools and a shared industrial future – with or without Donald Trump

Guardian editorial on point: “This moment presents both a challenge and an opening. Tariffed in the west, Chinese firms pivot to Brics. So the United Arab Emirates cashes in – winning local production and tech transfers from Beijing that the west won’t permit.”

www.theguardian.com/commentisfre...

Despite Trump cuts, green steel startup Boston Metal raised another $51 million The company is charging ahead with its first project in Brazil.

This is really exciting. Electrolytic steel presents an opportunity to make clean steel cheaper than traditional steel. The energy transition powers on.
www.latitudemedia.com/news/despite...

Analyst Me has some doubts about squad-building, risk, and expenditure. Fan Me has that fucking nerd in a headlock and is telling him to touch grass.

Why the US’s New Shipbuilding Strategy Is Unlikely to Work To succeed, Washington will need to look outward, not inward.

U.S. shipbuilding is the poster child for bad industrial policy: protecting a sector without coordination, innovation support, or technology standards leads to a sclerotic, uncompetitive industry. Unless the US fixes the core strategy, the result will be the same.

www.bloomberg.com/news/article...

Tim is writing the first draft of history ya'll, if you aren't already reading Polycrisis religiously you need to get on that.

He’s probably having a nap

Our long national nightmare is over

Here it is: Canada’s tariff letter. The summer just got a lot hotter up north.

This is bad industrial policy. There are other ways to bring copper mines online in the U.S. that won’t raise prices for every manufacturer and grid developer. Tariffs are no replacement for an integrated industrial strategy. /

AND by the time those mines are up and running (2032?), you’ll need another 1-2m tonnes of copper for manufacturing and grid buildout. So there is no scenario where US onshoring meets demand. The tariffs just raise costs. 2/