| Dear Reader, While the net zero backlash gathers pace, there’s an opportunity for you to get ahead of what Greg Canavan calls ‘the biggest energy U-Turn in history’. He’s picked three stocks that he says could rocket up as net zero comes crashing down... Go here to learn more The collapse of net zero is looking more likely by the day. Aggressive anti-fossil fuel policies didn’t even last one winter up in Europe. Germany, for example, had to make an embarrassing U-Turn. The country restarted 20 coal-fired power stations just to get them through winter after Russia cut off their access to cheap gas. They couldn’t switch to renewables because they don’t have anywhere near the kind of coverage they need to get through a harsh European winter. In fact, wind power has been in a steep DECLINE in Germany since 2019. Guess what? Those 20 coal-fired power stations they bought out of mothballs immediately added 6GW to their domestic electricity production!
Then there’s Sweden. In June, the Swedes announced they werebackpedalling out of their ‘net zero’ commitments and scrapping their goal of a 100% renewable energy supply. Finance Minister Elisabeth Svantesson told the Swedish Parliament that solar and wind power are ‘too unstable’to meet the country’s energy requirements. What are they doing instead? A U-turn. They are reversing their policy to phase out nuclear power and building more reactors to cope with an expected doubling of electricity consumption by 2040. France is making a U-turn too. President Macron just announced a plan to build 14 new nuclear power plants by 2050 — after vowing in 2018 to close 12 reactors and move to renewables. And the UK is hot on their heels. During local elections up there in July, voters reacted strongly against net zero policies like the planned expansion of London’s ultra-low-emissions zone, which is a de-facto ban on cars. In the days following the elections, Prime Minister Rishi Sunak hinted strongly at a U-turn on some of the country’s more aggressive climate policies, telling the BBC: ‘We won’t get to net zero by banning things...’ All these U-turns have happened in the last few months... And they’ve coincided with major market movers and investors getting into position for an anticipated flood back into fossil fuel stocks. There’s time for you to get ahead of this too...Greg shows you how in his new video...click the link now to begin streaming... NOT Zero Cheers, James Woodburn,
Publisher, Fat Tail Commodities | 