BlackRock and JPMorgan’s decision to step back from ‘net zero’ initiatives sparks debate on climate responsibility and energy needs
Lander’s trying to score some political points for his mayoral run, but his views are pretty out there. The whole push for net zero emissions at any cost? It’s not just unrealistic; it could really hurt people, especially in developing countries.
The idea is that wealthy nations should create energy shortages to meet some arbitrary carbon goals. That’s just not fair. It could lead to serious issues like starvation and a drop in living standards everywhere.
And let’s be real, fossil fuels still power over 80% of the world. Despite all the money thrown at wind and solar, they haven’t kept up with demand. If we really want to tackle climate change, we should be pushing for more nuclear energy instead.
Look at what’s happening in places like England. Their energy prices are through the roof, and they’re losing their industrial base. They’re now relying on imports, which often have a bigger carbon footprint than if they produced the goods themselves.
In New York, there’s this crazy law pushing for net zero power generation by 2040. But there’s not enough wind and solar to replace what’s being taken offline.
So honestly, it’s a good thing that BlackRock and JPMorgan are stepping back from this energy suicide pact. The sooner more companies and governments do the same, the better for everyone.
