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.
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.