Good News Bad News

China has recently announced a massive expansion of renewables within China. Also the Chinese have secured many large projects throughout the rest of the world. Their economy continues to reduce production of physical goods. Renewables and reduced production will offer much relief for the beleaguered millions who have been suffering from the problems associated with smog.

In the meantime the rising price of fossil fuels is encouraging frackers to set up their rigs again in United States and probably in Canada. The Canadian State is permitting more and more tar sands pipelines. We are being set up to needlessly enrich oil companies, pollute our water and air.

The Canadian State subsidizes big oil to the tune of $3.5 billion per year. This subsidy could be stopped. Then we could use that money to subsidize state owned renewables. Fossil fuels get burned once, repeat with more fossil fuel.

 


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