Have you been greenwashed by your government lately？
Episode Stats
Summary
In this episode, I talk about the collapse of the global renewable energy market and why it's a global meltdown. I also talk about why you should invest in energy stocks in oil, gas and coal, not wind and solar.
Transcript
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in 2015 i think it was uh there's a law firm out of toronto um koski minsky they issued a report
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saying that climate denial is no longer an option and that was issued to all the pension fund
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beneficiaries in canada or sorry all the pension fund trustees in canada and um we did two reports
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at the time rebutting this report because exactly that point that you know you want
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to have your pension fund invested in what will make you money over the long term consistently
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make you money well wind and solar for instance is made from oil gas and coal so if you're invested
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in energy stocks in oil gas and coal no matter if the renewables market is up or down you're still
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going to make money because it's needed for that the reverse is not true and now we see that the
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renewables market is collapsing and ironically in 2018 the ceo of iberdrola out of spain said that
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the global renewables industry is heading for a global enron style meltdown and we're seeing that
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now we're seeing that because the price of energy has gone up plus the materials prices like copper
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have really skyrocketed why partly because everyone in the world is rushing to meet net zero so you know
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now they can't afford to produce these even though they keep claiming oh it's the cheapest form of power
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it's not and that market is collapsing they they just can't make them anymore