COP28 good news for New Hope Group, page-92

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hagetaka

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04/02/24

07:14

Post #: 72225001
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Originally posted by Josho737: ↑

I honestly think they can do more damage than good if they try to transition so quickly, with the amount of "renewable critical mineral" mines required at the snap of their fingers to meet their targets of net zero, they may have more deforestation problems, which will lead to warming instead of cooling. (And most of the minerals they need for the renewable transition aren't even that abundant, which is why they need so many critical mineral mines.)

Then you look at fossil fuels like coal here for example, way more abundant.

So why try to quickly shut coal and oil down, malnourish the grid, and rape the land to get to net zero in a snap? If that is even achievable on a global scale?

And do they not realise coal and oil has been used by every generation since the beginning of man? And now some high up elites are trying to ban it? Lolz

I am not against other forms of energy, as the global population grows there will be more demand, but you cannot just rely on wind, solar and batteries. If the governments get their wish, get rid of gas, oil and coal, electricity prices are just gonna get jacked up even further.

And who ends up paying the trillions, while the governments laugh all the way to the bank? The average Joe. This is the way of the government.

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1. There will be no transition
2. They know
3. They don't know how to admit it
4. If they admit it, their gravy train stops
5. Coal continues to be short squeezed
.
Buy and hold coal.
.
This is how intergenerational wealth is created.

NHC Price at posting: $5.32 Sentiment: Buy Disclosure: Held
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COP28 good news for New Hope Group, page-92

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COP28 good news for New Hope Group, page-92

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