| ... The 2022/2023 winter in Europe and the balkans should help solidify that in your mind. Germany lost its pipeline to Russia where it was sourcing its natural gas because they did not want to produce it locally. This directly caused them to start competing on the international scene for its gas. Where do you think this 'surplus' of gas is coming from? Its not 'spare capacity' that was sitting around... its coming from poorer countries that can't compete for the same gas due to the price Germany is now willing to pay. Consider Bangladesh and the political unrest because of the rising fuel prices. [1]. For gods sake, they had a nationwide power blackout that lasted 7 hours. Why? Because the gas supplies were being usurped by Europe. [2]. > Now with Russia-Ukraine war squeezing supply, the richer European nations are getting dibs on whatever is up for grabs. With winter and a cap on Russian fuel imports approaching, European buyers will look to stock up on even more LNG. Maybe we disagree - but I would say that widespread starvation and energy blackouts impacting the populations of developing countries directly related to ESG policies is pretty damn bad. The road to hell is paved with good intentions - look down. [1] - https://www.voanews.com/a/inflation-unrest-challenge-banglad... [2] - https://qz.com/power-hungry-europe-is-leaving-developing-cou... |
I think you skipped over a few steps here and lost me.
Germany, which doesn't have much gas, "lost" a pipeline due to ESG investment metrics? Or only built a pipeline that it then "lost" due to ESG?
Either way, that's not something I recall happening.