XPost: talk.politics.misc, alt.fan.rush-limbaugh, alt.energy.renewable
XPost: sac.politics, or.politics
How quickly things change. It was only two years ago, in 2023, that I
was writing posts compiling long lists of quotes from climate activists
warning that all assets used for production of coal, oil and gas were
about to become obsolete and “stranded.” After all, wind and solar were (supposedly) cheaper and cleaner for generating electricity, which could
then power anything and everything. Therefore anyone stupid enough to
make further investments in producing fossil fuels would lose
everything. Here is one such post from June 2023, and another from
February 2023.
If you look today, you can still find predictions in 2025 that fossil
fuel assets will shortly become “stranded.” (Here is one from Bloomberg from March 6: “Investors Risk $2.3 Trillion of Stranded Fossil Fuel Assets.”). But such predictions are becoming fewer and fewer. Instead,
what looks far more likely is that large portions, if not the entire
business, of “renewable” electricity generation from wind and sun is
likely to get “stranded.”
Consider the latest from the UK. The current Labour government of Keir Starmer, elected just a year ago, is languishing with record-low
approval ratings. A YouGov poll in May found Labour with just a 23% “favorability” among the populace, compared to 32% favorability for the Reform Party of Nigel Farage (and 16% favorability for the
Conservatives). In other words, if and when the next election is held,
Reform could well prevail. Meanwhile, the Reform Party has broken
with the former all-party consensus in favor of “net zero,” otherwise
known as endless subsidies for wind and solar power.
Two days ago, on July 16, the Deputy Leader of the Reform Party, Richard
Tice, wrote to heads of UK renewable energy companies to advise them
that a Reform government headed by Nigel Farage would terminate the
subsidies for wind and solar energy. Here is a copy of one such letter
sent by Tice to Greg Jackson, CEO of Octopus Energy; and here is a July
17 press release from Net Zero Watch publicizing Tice’s initiative.
Tice’s letter specifically warns wind developers that if they are
granted subsidies in an upcoming round of handouts from the Labour
government dubbed “AR7,” a future Reform government will not continue
those subsidies:
https://hotair.com/headlines/2025/07/20/which-are-the-stranded-assets-now -n3804963
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