The Death of Net-Zero? Nothing Like an Energy Crisis to Change Sentiment

Posted: December 13, 2022 | Author: | Filed under: Climatism, Energiewende, Energy Poverty, Fossil Fuels, Net Zero, Socialism | Tags: , , , , , , , , | 1 Comment

“Isn’t the only hope for the planet that the
industrialized civilizations collapse?
Isn’t it our responsibility to bring that about?”
– Maurice Strong, founder of UNEP

“Renewable energy technologies simply won’t work;
we need a fundamentally different approach.”
– Top Google engineers

“Suggesting that renewables will let us phase rapidly off fossil fuels
in the United States, China, India, or the world as a whole
is almost the equivalent of believing in the Easter Bunny and Tooth Fairy.
– James Hansen
(Former NASA-climate chief)

•

‘Green’ Germany is considering support for at least 10 foreign ‘dirty’ fossil fuel projects worth over €1 billion ($1.5B AUD), despite its pledge to end international funding for coal, oil and gas.

Nothing like an energy crisis to change sentiment!

•

Climate Change News reports :

By Chloé Farand

Germany is considering support for at least 10 foreign fossil fuel projects worth over €1 billion ($1bn), despite its pledge to end international funding for coal, oil and gas.  

In response to a parliamentary question from a left-wing German lawmaker, the state secretary at the ministry of economic affairs and climate action Udo Philipp said the government is considering 10 applications for export credit guarantees for fossil energy projects in Brazil, Iraq, Uzbekistan, the Dominican Republic and Cuba.

A breakdown of the projects accompanying the response shows that €419 million ($442m) or around 40% of the funding, could go to a single project in Brazil. Three of the projects totalling €340m ($359m) are located in Iraq and four are in Cuba.

Other fossil fuel projects could be under consideration by the German state-owned investment and development bank KfW. The bank does not disclose projects it hasn’t decided to support.

UK coal mine approval sparks global fury and hypocrisy claims

Germany was among 16 countries to sign a pledge at Cop26 in Glasgow last year to end international funding for fossil fuel projects by the end of 2022.

Ten have published policies showing how they will restrict funding to coal, oil and gas. But Germany has not adopted a policy because of internal divisions over exemptions for gas.

Read on : Germany considers funding €1bn of fossil fuel projects overseas / Climate Change News

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Related :

Wall Street’s Biggest Names Are Backing Off Their Climate Commitments

Posted: December 10, 2022 | Author: | Filed under: Climate Change | Tags: , , , | 1 Comment

Go woke, go broke.
Corporations, slowly beginning to realise that slavish adherence to ClimateChange™️ ideology will cripple their own interests, too.
It’s the irreparable damage being done to the poor and middle class–who fund it all–that is of actual concern, IMO.
How long the MainstreamMedia™️ continues their “climate crisis” fantasy/narrative is where the rubber meets the road. It is *all* in their hands, unfortunately.

Tallbloke's Talkshop

Crazy world of climate finance [image credit: renewableenergyfocus.com]
Finance giants don’t like hefty fines for exaggerating their supposed climate virtues, or law suits for not acting in the best interests of their clients. Solution: leave their net-zero climate club.
– – –
Vanguard, the world’s second-largest asset manager, announced that it is resigning from a global net-zero initiative.
. . .
Shortly before COP26, last year’s United Nations climate conference in Glasgow, financial institutions were rushing to announce their climate commitments, says Grist (via Gizmodo).

The conference’s leadership and Mark Carney, a special envoy appointed by the United Nations to push private finance to invest in climate solutions, announced the creation of the Glasgow Financial Alliance for Net-Zero, or GFANZ.

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