What is becoming clearer is that the latest global push for dramatic climate action is more about justifying a major reorganization of the global economy, that to a far less efficient energy mode, implying a drastic lowering of global living standards. In 2010 the head of Working Group 3 of the UN Intergovernmental Panel on Climate Change, Dr Otmar Edenhofer, told an interviewer, ” … one must say clearly that we redistribute de facto the world’s wealth by climate policy. One has to free oneself from the illusion that international climate policy is environmental policy. This has almost nothing to do with environmental policy anymore … ” What better way to do it than to start with the world’s largest money controllers like BlackRock?...Capital flows away from increasing risk toward increasing opportunity. This is not necessarily a bad thing if currency sovereigns step up to fill the gaps with currency issuance.
Bill Totten's Weblog
Follow the Real Money Behind the New Green Agenda
F. William Engdahl | NEO (January 27 2020)
Naked Capitalism
‘Something Big Is Shifting’: As Georgetown Announces Fossil Fuel Divestment, Students Across US Demand Their Schools Follow Suit
Julia Conley, staff writer for Common Dreams. Originally published at Common Dreams
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