Using other people’s to offload personal guilt is hardly virtuous, but the wind and solar scam has attracted plenty of guilt-laden oligarchs looking to atone for their (often obscene) wealth doing just that – and using taxpayer-backed subsidies to conjure up all manner of new ‘green’ scams, like ‘green’ hydrogen.
Australia’s Twiggy Forrest, is just another blowhard billionaire eager to squander taxpayer’s money. Forrest made his $billions digging up large parts of Western Australia and shipping it to the Chinese, among others.
Wallowing in a mountain of cash from iron ore sales – at record prices – he’s been targeting the renewable energy scam, with over-the-top plans for the mass production of what eager rent-seekers call ‘green’ hydrogen.
Like every well-connected rent-seeking spiv, he recoils at the thought of staking of his cash on his grand green hydrogen fantasy, instead he’s demanding untold $billions in subsidies for something that he…
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