Delusional Nonsense From Ambrose Evans-Pritchard


If any of those in the Green Movement could actually use their brains the green movement would never have started. Almost all of what the say or do defies any logic or the ability to reason.

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

h/t Paul2

image

http://www.telegraph.co.uk/finance/economics/11633745/Fossil-industry-faces-a-perfect-political-and-technological-storm.html

Ambrose Evans-Pritchard often writes about the forthcoming demise of fossil fuels, but he has really excelled himself this time, with such delusional reporting that about the only thing he has got right is his name.

The political noose is tightening on the global fossil fuel industry. It is a fair bet that world leaders will agree this year to impose a draconian “tax” on carbon emissions that entirely changes the financial calculus for coal, oil, and gas, and may ultimately devalue much of their asset base to zero.

The International Monetary Fund has let off the first thunder-clap. An astonishing report – blandly titled “How Large Are Global Energy Subsidies” – alleges that the fossil nexus enjoys hidden support worth 6.5pc of world GDP.

This will amount to $5.7 trillion in 2015, mostly due to environmental costs and damage to health, and mostly…

View original post 2,366 more words

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.