OPED: By choking off investment in oil and gas while betting on wind and solar, Western governments have traded a diverse energy system for one built on Chinese supply chains.

Responding to the current global energy crisis, many Western leaders have declared that the way to remove geopolitical threats to energy security is to transition from fossil fuels to renewable energy sources. This is a grave error. It rests on the faulty assumption that renewable energy is riskless, immune to price volatility, and secure because it is produced at home.

Follow the renewable energy deals far enough, and they mostly lead back to Beijing.

Leaders including Mark Carney — Canada’s prime minister and a former central banker who became one of the world’s most prominent champions of net zero — Britain’s Ed Miliband, and officials from the United Nations to the Biden administration have argued that cutting dependence on oil and gas is itself the path to energy security.

https://www.thebureau.news/p/leaders-like-mark-carney-sold-the?