Gwyn Morgan explains at Financial Post Hard facts puncture anti-fossil fuel fantasies. Excerpts in italics with my bolds and added images.
The belief that 84% of global energy supplied by oil and gas can be replaced by so-called ‘green energy’ is a fantasy
The marvelous Christmas movie Polar Express, starring the inimitable Tom Hanks, ends with the words “anything is possible, if you only believe.” Except, as adults understand, many things aren’t possible, not even if some people do believe them. An obvious example is the fantasy that the 84 per cent of global energy supplied by oil and gas can be replaced by so-called “green energy.”
Since the first UN COP (“Conference of the Parties”) meeting in 1995, world oil demand has increased from 64 to 100 million barrels per day. But even as demand increased, the “environmental, social and governance” (ESG) movement encouraged investors to unload their…
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