| Dear Reader, We’re not hearing much about it in Australia, but the tide is definitely turning on net zero. Aggressive anti-fossil fuel policies are being binned all over Europe. In Sweden, they just ditched their commitment to 100% renewables and pledged to invest in nuclear instead. In Germany, net zero didn’t even last one winter. The Germans panicked and re-started several dormant coal-fired power stations after admitting they’d been hooked on cheap Russian gas for years. And in France, President Macron has asked his EU handlers for a ‘pause’ in tough environmental regulations — saying he wants to ‘reindustrialise’ France. They’re finding out — as Australia will too — that you cannot power a modern industrial economy on renewable energy. If you try you’ll just make people cold, poor and miserable...and that doesn’t win you many votes. Our energy U-turn — says Greg Canavan — is coming too...and when it does, money could flood back into fossil fuel stocks — just like the three Greg has identified... Don’t miss the rebound boom of the year! Sincerely, James Woodburn,
Publisher, Fat Tail Commodities | 