On Monday, the World Economic Forum (WEF) released position papers where they argued that “Two global crises have come to a head – climate change and the decline of democracy.” They claimed that “For the past 15 years, democracy has been in decline worldwide. To protect and promote freedom, leading democracies must strengthen their economies and safeguard liberty”. Their solution? Gas prices must go higher to continue fueling the “green transition”.
The WEF claimed that this transition must have three elements.
- “Leading democracies should agree to end the underpricing of fossil fuels, which is the principal factor preventing a clean energy transition. The underpricing associated with producing and burning coal, oil and gas amounted to $5.9 trillion in economic costs in 2020. Nearly a quarter of these losses – $1.45 trillion – occurred in 48 major and smaller democracies.” They argued that countries should commit to phasing out tax breaks for the fossil fuel industry and argued for higher taxes on the fossil fuel industry.
- “To encourage compliance by other countries, G20 democracies should join the EU in adopting a carbon border adjustment mechanism (CBAM). A CBAM imposes a tax on carbon-intensive imports to reduce the risk of unfair competition for their domestic industries and to deter companies from relocating overseas to avoid compliance at home. It should also induce other economies to reform their underpricing of fossil fuels to avoid the penalties imposed by the policy.” In other words, force all countries to participate whether they want to or not.
- “Major democracies need to recycle the revenues saved or raised through reforming fossil fuel markets to fund additional green innovation, investments and protection. Support for green R&D is urgently needed in major democracies, as their economy-wide green innovation is falling well short of the level necessary to generate a transition from reliance on fossil fuels. Public investments should also target “smart” electrical grid transmission systems, charging station networks, and making cities more sustainable.”
They went on to claim that “additional measures may be necessary to offset any adverse income or employment effects of a clean energy transition. This could include reducing payroll taxes, paying annual dividends, raising the minimum wage, compensating or retraining displaced workers, and allocating child tax credits to vulnerable households.”
We keep hearing things like “the president doesn’t control gas prices” but the Biden administration is all on board with the WEF’s plan for a Great Reset and is actively working to drive prices up. No, the President doesn’t have a magic wand and can set exact prices, but when he is working to end new leases and make it as difficult as possible to drill, and he’s openly admitting this, he does have significant influence.
Enjoy the dip in gas prices while it lasts because it’s not going to last long. These people are doubling down on their plan for a “Great Reset” and a “green transition”. They don’t view the rising gas prices as a bad thing because it’s an “incredible transition” towards the Great Reset.
Visit Mikulawire.com and click on the ‘Great Reset’ tab at the top of the homepage. There you will find over 50 articles that I have written over the last 18 months on this topic.
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