UK Prime Minister Keir Starmer has written an op-ed piece in The Sun promising “I will not sacrifice Great British industry to the drum-banging, finger-wagging Net Zero extremists”
Which means he’s willing to sacrifice all the industry to appease the fossil fuels industry.
Countries that fail to invest in new technologies like solar and batteries will be left behind economically. Their investment in fossil fuels is going to be worth less and less, and they will have nothing to replace it with.
But, we are going to prop up large vested fossil fuel interests as long as possible, of course.
Yes, this is clear enough in the long run. But the question is: will the transition happen fast enough to prevent a climate change catastrophe?
If we don’t avoid the climate change catastrophe, then current investments are going to be even less valuable than if we do. That’s no argument for continuing to prop up those industries.
I have a feeling that the fossil-fuel investors, to the extent that they trouble their pretty heads about it at all, think that, so long as they make enough money now, they can just run really good air conditioning and it won’t affect them. Idiots.