At the beginning of March, Frans Timmermans, the European Union’s Executive Vice President for the European Green New Deal and European Commissioner for Climate Action, announced that EU nations planning to burn coal as an alternative to Russian natural gas are not out of line with the EU’s climate goals.
As Bill Winters, CEO of the British multinational banking and financial services firm Standard Chartered, said just last week, “The idea that we can turn off the taps and end fossil fuels tomorrow, it’s obviously ridiculous and naïve. First of all, it’s not going to happen and secondly, it would be very disruptive.”
