RE: And critics said ESG wasn't important !29 Jul 2022 12:50
Minecheck - the argument has merits but I disagree. I think both Covid and the russian war accelerate, not decelerate the green agenda. It's pretty obvious that if a despot holds all the fuel (Russia) you're going to want to source an alternative? Cue Germany actively considering nuclear, and I think the UK will too. Not saying it is immediate because governments sadly move at glacial pace (according to science green energy could be here right now but apparently that would take governments some organisation and strategy they should have formulated a decade ago). So short term, yes, alternatives like coal but nobody thinks that's a medium or long term solution to the problem.
The big problem for green energy (and the environment generally) is as you rightly point out, average Jo doesn't give a damn, and government only cares about 4 years it gets elected for rather than the 20 years it takes to plan and deliver an alternative strategy. The last four prime ministers in the UK have managed 3,6,3,3 years respectively in power. Do they give a damn what happens in 20 years time to the environment, maybe, but less than their immediate survival at the time. Most of them selfishly know they won't be around (on the planet) when the brown stuff really hits the fan later this century. My kids and grandkids sadly will be and it isn't going to be fun for them.
The bigger risk for the west is China grabs all the alternative fuel. That's why I hope when we eventually get a buyer for Horizonte it goes to a western major. GLA
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