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And the Hits from Germany just keep on comin’…..

Dr. Benny Pelser — Canada Free Press — August 29, 2012

Europe’s Green Obsession Is Causing A New Coal Boom

Germany’s largest utilities are shunning cleaner-burning natural gas because it’s more costly, while the collapsing cost of carbon permits means there’s little penalty for burning coal. Germany’s increasing coal consumption is part of a global return to the fossil fuel that’s cheaper than most alternatives. The amount of coal burned worldwide rose 5.4 percent to account for 30 percent of total energy use last year, the highest proportion since 1969, according to BP data.—Bloomberg 20 August 2012

European countries may soon have to import shale gas from Russia if the green energy lobby has its way. The prospect of even deeper reliance on Russian gas together with a new rush to coal burning may be the unintended yet inevitable consequence of the ongoing opposition by green campaigners and policy-makers to domestic European shale development. As a result, Europe has failed to join the shale revolution that has swept the US. Instead of benefiting from cheap shale gas, lower CO2 emissions, new industries and hundreds of thousands of new jobs, Europe is constraining itself with self-imposed green limits to growth.—Benny Peiser, Public Service Europe, 29 August 2012

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