May 21, 2022 - Natural gas to be classed as "green" investment to boost North Sea

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May 21, 2022

Natural gas to be classed as "green" investment to boost North Sea by Rachel Millard
Appeared in The Telegraph on May 13, 2022

Gina's Thoughts

"A lot of investors with ESG [environmental, social and governance] targets are divesting from fossil fuels - we don't want that to be done at the detriment of natural gas." So says Kwasi Kwarteng, the Business Secretary for the UK Government.   Mr. Kwarteng, and the UK Government are following in the footsteps of the EU who labelled natural gas and nuclear electricity generation as "green" earlier in the year.  Does anybody reflect on how absurd this whole conversation has become?  We are for ESG.  ESG says fossil fuels are bad.  Natural gas is a fossil fuel.  Therefore natural gas is bad.  But wait, we need natural gas and we want investors to invest in natural gas.  So, let's say it is an exception and call it green.  This brings to mind this conversation from Lewis Carroll's Through the Looking-Glass:  "'When I use a word,' Humpty Dumpty said, in rather a scornful tone, 'it means just what I choose it to mean — neither more nor less.' 'The question is,' said Alice, 'whether you can make words mean so many different things.'"

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