Authors Posts by George David Banks

George David Banks

George David Banks
George David Banks is Executive Vice President at the American Council for Capital Formation. He is an economist, political consultant, and policy advocate, focusing on energy, environment, and trade. Banks has published reports and opinion editorials on a variety of policy issues, including climate change, civil nuclear power, and energy markets and trade. He is also a fellow at Columbia University’s Center on Global Energy Policy and a member of the ClearPath Foundation’s advisory board. Most recently, he served as President Donald Trump’s Special Assistant for International Energy and Environment at the National Economic and National Security Councils – a position that required him to manage workstreams related to his portfolio across the federal government.

Russia Wants to Take Advantage of America’s Declining Nuclear Sector

President Donald Trump’s call last June to revitalize America’s deteriorating civil nuclear program has taken on new importance. A few weeks ago, Russian legislators...

Banks: Trump Russia memo as fake as play money you buy at a toy...

Airing on CNBC “Power Lunch”

“As a former CIA analyst, I can say with complete confidence … that those leaked memos are as fake as the play money you would buy at a toy store,” George David Banks said in an interview with “Power Lunch” on Wednesday.

The Rise Of China’s Civil Nuclear Program and Its Impact on U.S. National Interests

Beijing’s civil nuclear program has made considerable growth in recent years. As early as 2000, China was considered a nuclear technology backwater with only three commercial reactors, compared to over 100 in the United States. Today, China has 35 reactors with 20 under construction. By 2030, it is projected to have 150 giga- watts of nuclear on line—roughly equivalent to Germany’s total capacity in electricity—while the U.S. nuclear fleet is expected to shrink by 20 percent or more. In little more than a decade, China could have twice the number of civilian reactors as the United States.

America Needs a Dealmaker Like Tillerson in the State Department

Published in Morning Consult

Exxon Mobil CEO Rex Tillerson’s view of global politics has been shaped by running one of the world’s largest, most sophisticated companies. With operations on six continents, Tillerson has had to strike deals and manage complex relations with dozens of countries and a wide range of leaders, based on pragmatism and mutually beneficial economic agreements.

U.S., Republic of Korea Nuclear Cooperation Benefits Both Countries

With more than 50 years of peaceful nuclear energy cooperation and friendship, Washington should demonstrate that close bond by considering requests from Seoul to expand the terms of bilateral cooperation in civilian nuclear energy. With the decline of its own domestic civil nuclear program, the United States needs Seoul’s strategic vision and prowess to help maintain an influential voice in global nonproliferation and nuclear safety matters.

Exxon didn’t oppose sanctions – it opposed unilateral sanctions

Published in The Hill

George David Banks sets the record straight on Secretary of State nominee Rex Tillerson.

The U.S.-Republic of Korea Nuclear Relationship – An Indispensable Alliance

With the decline of its own civil nuclear program, the United States needs ROK’s nuclear prowess to strengthen its own market position and help uphold its nonproliferation and safety goals, especially with the looming threat of a Chinese commercial nuclear monopoly. Furthermore, the ROK provides the United States with additional foreign commercial opportunities and critical added investment.

USA Today Viewpoint: Trump’s Instincts on Russia Are Correct

Published in USA Today

As America allied with the Soviet Union to defeat Nazi Germany, Washington should seek similar cooperation with Moscow to defeat ISIL.

Clinton Misses Point of Trump’s Tweet on China’s Climate “Hoax”

Published in Real Clear Energy

Conspiracy theories abound in the world of climate politics.

Trump’s Foreign Policy Will Be Proven Right

Published in Real Clear Politics

Many of Donald Trump’s comments on foreign relations have left experts and former policymakers scratching their heads, and, in some cases, hostile to his candidacy for president.

Why a Price on Carbon Is Unlikely in the U.S. Anytime Soon

Published in Wall Street Journal

George David Banks cites a number of obstacles, starting with GOP opposition in Congress.

Trump’s instincts are correct on Russia

Published in Washington Examiner - Scary. Dangerous. Insane. Those are the words critics, including some key conservatives, use to describe Donald Trump’s informal courtship of Russian President Vladimir Putin. For the vast majority of America’s establishment, Trump’s remarks are simply unthinkable. But what if Trump is on the right track? What if the experts are missing what’s truly at stake for long-term U.S. national security?

Congressional Letter: Carbon tax would harm U.S. industrial competitiveness with no environmental benefit

In a letter to Senator Roy Blunt (R-MO), ACCF Executive Vice President George David Banks highlights ACCF support for climate mitigation and adaptation, but opposes policies that damage the industrial competitiveness of America and harm our middle class and poor.

Pursuing a More Comprehensive Approach toward Southeast Asia is Critical to Preserving U.S. Influence...

The Great Game between China and Japan, the Role of Infrastructure Development, and the American Wild Card

“Conservative” folly: How the carbon tax undermines GOP climate policy

Published in The Hill

Most observers would assume that the biggest impediment to creating a comfort zone for the GOP on energy and climate policy would be the climate skeptic or denier, as many far left environmentalists would say. Surprisingly, this isn’t the case.

ACCF Policy Alert No. 2: Why Climate Skeptics Should Not Object to EPA’s HFC...

The Obama administration’s climate change agenda is highly controversial. Current greenhouse regulations impacting existing and new power plants will certainly drive up energy costs, distort electricity markets, and harm economic growth and job creation in the United States. EPA’s SNAP program, however, is supported by the regulated industry and carries substantial benefits for U.S. industry by allowing it to leverage its current competitive advantage in the HFC replacement market.