Thursday, September 19, 2024

Poor Greens

Going green is bad for poor people:
European and American consumers felt the burden of higher energy costs when oil prices spiked two years ago during the start of Russia’s war against Ukraine and inflation reached levels not seen since the 1970s. Inflation remains a top issue for American and European voters, as incumbent parties across Europe face difficult election prospects because of populist backlash. “It is quite telling that a [former] member of the European Central Bank Governing Council who believes all of the fictitious asserted benefits of reducing carbon dioxide emissions feels compelled to warn just how expensive and devastating to consumers — and especially lower income consumers — carbon dioxide reductions will be,” said James Taylor, president of the Heartland Institute, a free-market think-tank. “There is no hiding the fact that the climate agenda will substantially raise energy costs and have a devastating impact on household income,” Taylor said.
What's good for their agenda isnt't good for your wallet...

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