“The world’s largest banks committed $906bn in financing to the fossil fuel industry last year, an “unfathomable” increase in investment locking in years more of coal, oil and gas production as the world continues to overheat, a new report has found. Asked for comment about its fossil fuel lending, a JPMorgan Chase spokesperson said: “As one of the world’s largest financiers of energy, we support the full range of energy solutions and technologies, with a focus on reliability, affordability, security and long-term resilience.” Guardian
After the Germans made themselves dependent on Russian Natural Gas the last thing they want to do is make themselves dependent for their energy on Chinese Made Solar and Wind products! This has also been driven home by the Iran War and the closing of the Strait of Hormuz! Combine this with the Energy needs of the emerging AI revolution, the investment in local more secure sources of energy makes perfect sense but begs the question of what about Nuclear Power? Unfortunately the Anti-War Left wants nothing to do with it!
And that is all I’m going to say about that!
Drain the Cesspool 