Decline of the Great North American Decarbonization Charade
4 hours ago Charles Rotter
By Vijay Jayaraj
Through ESG – Environmental, Social and Governance – mandates, the titans of global finance positioned themselves as the arbiters of corporate virtue. They pressured companies to divest from fossil fuels. They built an entire moral and financial architecture around the concept of decarbonization.
But this June, two major events confirmed the slow demise of the great North American decarbonization experiment.
First, Nippon Steel finalized its historic acquisition of U.S. Steel, signaling a massive resurgence of energy-intensive manufacturing on American soil. Up North, the government of Saskatchewan announced its plan to keep coal-fired plants alive beyond 2030, openly defying federal regulations and international climate agreements.
They are not minor setbacks to the climate agenda but fundamental course corrections, powerful acknowledgments that the prosperity and security of nations depend on energy-dense resources and the industries they power.
Steel Deal That Shattered Green Illusions
https://wattsupwiththat.com/2025/07/02/decline-of-the-great-north-american-decarbonization-charade/
