By Jo Nova
Strange things are happening in the calm before the storm…Thanks to NewZeroWatch
This week the financial world balances on the edge, and all the old rules have broken. Joe Biden is signing off on an oil drilling program on US soil which he said he’d never do — and it’s one of the largest ever — like building “66 new coal plants”. At the same time the Bank of England is apparently cutting the sacred climate change spending, and has leaked this news to the world.
As someone said on Twitter, “last week was a different country”.
After all these years, climate change has fallen out of the Weekly Hit Parade of Panic.
Bank of England Headquarters, London, photo by Елена Пехчевска
Bank of England Will Cut Spending for its Work on Climate ChangeBy Ellen Milligan and Philip Aldrick, Bloomberg
Climate programs will slip lower on the central bank’s agenda so officials can focus more on the core operations such as financial stability…
As Dr Benny Peiser of NetZeroWatch says “the risk of costly climate and Net Zero policies have become a bigger threat to the UK’s economy and [...]