Presidents Xi and Putin (and the Hedge Funds!) are laughing at us

by P. Homewood, Nov 8, 2021 in NotaLotofPeople KnowThat


The gap between rhetoric and fact is a perennial feature of politics. But seldom can the chasm between claim and reality have been as wide as that displayed by Alok Sharma at the Cop26 conference in Glasgow. The British president of the latest intergovernmental climate change gathering told the delegates (and the world’s media) that “the end of coal is in sight”, as a result of the agreement he had negotiated.


That was the rhetoric. Now the fact. Not only was the declaration to phase out coal by the 2040s not signed by the world’s top three consumers (China, India and America, which account for more than 70 per cent of the global CO2 emissions from burning the stuff); the pledge itself was neutered by the addition of the get-out “or as soon as possible thereafter”.