Bill Gates, defying the Climate Barons, tells the ugly truth about renewables – by Peter Foster (Financial Post – February 22, 2019)

https://business.financialpost.com/

Forcing the adoption of expensive and unreliable energy destroys jobs (see Alberta) and exacerbates poverty in poor countries

Market advocates have always claimed that policy advice from business should be treated with suspicion. The road to economic and political hell is paved with corporate welfare and national champions (SNC-Lavalin anyone?).

Communists and the “progressive” left were much more harsh, claiming that since big business sought only monopoly and plutocracy, the state at least required “countervailing” power, if not absolute power.

Since command of economic resources was deemed synonymous with political power, some of the greatest businessmen and philanthropists all time — such as John D. Rockefeller, Andrew Carnegie and Cornelius Vanderbilt — were reflexively dubbed “Robber Barons.”

A remarkable change has come over the view of the left in recent decades. With the collapse of socialism (in fact, if not in theory), big business was no longer an automatic enemy.

Indeed it was to be co-opted as a partner in “social responsibility” and “sustainable development.” Some of the world’s wealthiest business people eagerly sought to start knitting the rope of Global Salvationism.

Fort the rest of this article: https://business.financialpost.com/opinion/peter-foster-bill-gates-defying-the-climate-barons-tells-the-ugly-truth-about-renewables

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