Look folks, nothing up this sleeve...
If it’s hard to imagine China as a champion for the woke hysteria around “climate change” that’s because they’re not. This is quite simply Xi leveraging the hysteria over climate change for geopolitical purposes.
Capital Thinking • Issue #719 • View online
I watched with amusement as a man who goes by the name of Xi addressed the United Nations telling them to do more to combat “climate change”.
Unsurprisingly CNN, CNBC and the BBC dutifully published a series of glowing propaganda reports marvelling at the brilliance of the Chinese Communist Party’s “commitment” to the cause.
And then true to form social media giants FaceBook and Twitter gleefully promoted dissemination of the narrative.
If there ever was a cause to place a warning “misinformation” this would have been one such case but don’t expect to see that.
After all 2020 will be remembered as the year it became evident that Silicon Valley had sold out to the CCP.
How China is Capturing Global Energy Market Share
Chris MacIntosh | Capitalist Exploits:
Let me unpack this for you in case you missed it. China will continue to RAMP UP carbon emissions into 2030, which I’ll remind you is still a decade ahead of us.
And then we are promised they will magically decrease their emissions after that.
This is like Charlie Sheen telling us he’s going to go butt wild snorting as much coke as he can for the next decade…peaking his intake by 2030 and then …deep breathe – he’s going to get stone cold sober.
Yeah OK.
Now if you believe any of this nonsense then I’ve a bridge to sell you.
If it’s hard to imagine China as a champion for the woke hysteria around “climate change” that’s because they’re not.
This is quite simply Xi leveraging the hysteria over climate change for geopolitical purposes.
China is loving the fact that the west are virtue signaling their way to a self inflicted economic, political, and social controlled demolition, championed and led by our Silicon Valley elites, Gates, Dorsey, Bezos, Zuck and of course employed via the UN thugs led by Klaus and his ilk at the WEF.
China has nearly 250 gigawatts (GW) of coal-fired power now under development, more than the entire coal power capacity of the United States.
So when Xi says China will peak…what he is preparing us all for is a massive (they never stopped) and continued investment.
Our Chinese friends now have 97.8 GW of coal-fired power under construction, and another 151.8 GW at the planning stage.
And so while some poor sap was penning Xi’s carefully crafted speech to the UN, Xi and his underlings were busy. Busy financing and building out what is likely to be the worlds most impressive global energy infrastructure.
Just this year plants accounting for some 17 GW began construction in China. To put this into context this is more than the total amount approved during the previous two years.
But they are not only investing in their backyard. Nope… according to a Boston University database they have made more than $244 billion in energy investments abroad since 2000 with the bulk of that in recent years going into oil and gas.
(Yeah not wind, solar or renewable and recyclable Unicorn farts. Good ol O&G…)
A healthy $50 billion has gone toward dirty old coal!
They’ve done all of this, and will continue to do more, while paying lip service to “carbon emission reductions”.
That our western leaders are as gullible as they are is a tragedy but simply ensures the west is going to end up being a source of houseboys for their Chinese overlords by the next decade. Watch!
The reason is simple and it’s one I’ve repeated more times than I care to count.
No country has political security without energy security.
And energy security is one thing that the liberal hand wringing “we’re all going to die in 12 years” crowd neither understand, nor care to understand.
Chris MacIntosh