Opinion: Climate fantasies hit brick wall of U.S. politics

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The reality of the energy transition could be ugly for politicians, writes Fred Lazar. Read more.

The prince said no, which was totally predictable. It appears none of the foreign policy experts advising the president understands basic human relations, let alone Arab culture. You can’t call someone a murderer and then expect him to turn the other cheek and meekly accede to your request for a big personal favour.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

Ardent supporters of the energy transition keep suggesting it will lead to the creation of millions of new jobs. There are at least two problems with this argument. First, it ignores the euphemistically named “adjustment process.” As the economy moves away from fossil fuels, many millions of people will lose their jobs and“transition” easily and smoothly to the new jobs that might eventually be created.

 

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