The world’s renewables experiment is over
Biden’s climate bill is dead, Norway affirms oil drilling, and Uganda says “Solar & Wind Force Poverty on Africa”
The global energy crisis has snapped humanity out of its trance: we need cheap & reliable energy to survive & thrive
“Africa can’t sacrifice its future prosperity for Western climate goals,” says Uganda President @KagutaMuseveni “Developed nations are pushing an accelerated transition to renewables on Africa….”
wsj.com/articles/solar…
“The Western aid-industrial complex, composed of nongovern-mental organizations and state development agencies, has poured money into wind & solar … which leave many Africans with unreliable and expensive electricity.”
“Saying any of this meets with backlash from developed nations….many Western nations have put a blanket ban on public funding for a range of fossil-fuel projects abroad, making it difficult for Africa to make the transition to cleaner nonrenewables.”
Meanwhile, Norway’s new left-wing Prime Minister has affirmed his nation’s long-term commitment to oil and gas drilling and admitted that Norway uses its $1.4 trillion sovereign wealth fund as a “political,” not strictly financial, tool
on.ft.com/3nllCYm
Meanwhile, China has returned to coal in a big way
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