A little over a year ago, a New York Times headline declared what many said was absolute and undeniable: “The clean energy future is coming faster than you think.” [emphasis, links added]
While the examples in the story are supposed to support this claim, reality tells a different story.
A recent Bloomberg analysis found “Wall Street’s fast money has taken a closer look at key areas of the green economy and decided to short them.”
“Despite massive green stimulus packages in the United States, Europe and China, On average, more hedge funds are net short batteries, solar, electric vehicles and hydrogen than long those industries; more funds are net long fossil fuels than short oil, natural gas and coal.
Bloomberg reported that hedge funds concluded that “Many climate investments” do not pay off or profit as quickly as expected.
Bloomberg sources blame politics in the U.S. and abroad.
If so, let's say yes, Because the green energy movement is driven entirely by democratic and progressive politics, not rigorous research and compelling arguments.
It’s time for the skeptical side to score some victories in trying to stop the left’s completely unnecessary climate agenda.
It doesn’t matter to the political left that at least half of the country, perhaps nearly half of Europe, is uncomfortable with the transition to renewable energy being pursued by elites in developed countries.
Central planners are forcing Westerners to eat dishes they don't like, and investors are taking notice.
Is the declining popularity of green energy related to its high cost? This is a factor.
Data entered into the Federal Register by the Energy Department last week showed that electricity, mostly generated by wind and solar, is more than three times more expensive than natural gas. A fossil fuel out of favor with the elite.
Are the intermittency and unreliability of wind and solar also factors? certainly. Americans don’t want to live in a third world where energy production and transportation are substandard.
Do climate skeptics and “die-hards” (the two groups we strictly classify ourselves into) also hate being told that they must obey orders from above?
Those who don’t want to impress friends, neighbors, and strangers with their green street cred and just want to live their lives, and in many cases just get by, are rightly offended by our ruling class.
If green energy were a pure advance and a can't-miss investment, it wouldn't require hundreds of billions of taxpayer dollars.
If the benefits of renewable energy were undeniable, governments wouldn’t have to set deadlines for the transition to a zero-emission grid and fully electric vehicles.
There is no reason “for the government to dictate, confiscate and redistribute people's money.”
Renewable energy is not so much green as red, the color adopted by communist governments and violent left-wing movements since the late 19th century.
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