![](https://i.imgur.com/CLvY2jA.png")
06-07-2022, 09:55 PM
https://www.zerohedge.com/commodities/co...ctacularly
Coal Emerges Victorious As Sanctions And Green Policies Backfire Spectacularly
When historians look back on this chaotic and turbulent period, they will find that few individuals inflicted as much damage on the environment and promoted the interests of the "dirty fossil fuel" lobby as Greta Tunberg, who by shaming and forcing "serious" politicians to pivot toward green energy at a time when there was nowhere near enough green capacity to replace existing sources of energy, sparked what may be the most spectacular self-own in history. And today, the WSJ, Bloomberg and Reuters all wrote about it.
We start with the WSJ which concedes what was obvious to most long ago (see "Will ESG Trigger Energy Hyperinflation" from last June), namely that "an energy-starved world is turning to coal as natural-gas and oil shortages exacerbated by Russia’s war against Ukraine lead countries back to the dirtiest fossil fuel."
Yes, contrary to the intentions of Green fanatics everywhere, their push to accelerate away from "dirty" fossil fuel has not only backfired spectacularly, but also exposed the hypocrisy and empty promises of so many virtue-signalers, as "from the U.S. to Europe to China, many of the world’s largest economies are increasing short-term coal purchases to ensure sufficient supplies of electricity, despite prior pledges by many countries to reduce their coal consumption to combat climate change."
Coal Emerges Victorious As Sanctions And Green Policies Backfire Spectacularly
When historians look back on this chaotic and turbulent period, they will find that few individuals inflicted as much damage on the environment and promoted the interests of the "dirty fossil fuel" lobby as Greta Tunberg, who by shaming and forcing "serious" politicians to pivot toward green energy at a time when there was nowhere near enough green capacity to replace existing sources of energy, sparked what may be the most spectacular self-own in history. And today, the WSJ, Bloomberg and Reuters all wrote about it.
We start with the WSJ which concedes what was obvious to most long ago (see "Will ESG Trigger Energy Hyperinflation" from last June), namely that "an energy-starved world is turning to coal as natural-gas and oil shortages exacerbated by Russia’s war against Ukraine lead countries back to the dirtiest fossil fuel."
Yes, contrary to the intentions of Green fanatics everywhere, their push to accelerate away from "dirty" fossil fuel has not only backfired spectacularly, but also exposed the hypocrisy and empty promises of so many virtue-signalers, as "from the U.S. to Europe to China, many of the world’s largest economies are increasing short-term coal purchases to ensure sufficient supplies of electricity, despite prior pledges by many countries to reduce their coal consumption to combat climate change."
