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It turns out that the G7’s pledge to phase out coal for good really was nothing more than a virtue signal. Like all good climate pledges, exceptions will be made for those that can’t keep up. By the way, I’m not even talking about China or India, both of which demand massive amounts of coal to power their countries. I’m referring to G7 members themselves! In this case, exceptions will be given to Japan and Germany. I have a feeling that the only way the G7 group could even get a consensus together was if those exceptions were in place. That brings us to a more realistic solution.
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Trust me, the reason why coal is dying isn’t because the global cabal of politicians are forcing us to phase it out of our energy dynamic it’s because the U.S. coal industry has been gutted by the one-two punch of dirt-cheap natural gas and an overzealous, aggressive push toward renewables like wind and solar. I hate to tell the G7 leaders this, but we were going to phase out coal during the next decade regardless of their decision. But this virtue signal gets even worse when you really dig into it.
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