Financial Stability Not Threatened By Nature
If Reserve Bank Governor Lesetja Kganyago looked beyond the false, unscientific literature on climate change, he would realize that compliance with decarbonisation regulations constitutes the real threat to financial stability – not nature (Business Report, June 20).
Contrary to the narrative manufactured by scientists and academics in thrall to the globalism of the World Economic Forum, climate change is a natural phenomenon that scientists and historians of integrity have proved is as old as the earth itself. They have also noted that weather and temperature patterns are influenced by the variable elliptical path of the earth around the sun and variations in the tilt of the earth. In short, human activities involving fossil fuels have no effect on climate change.
Thus, the decarbonisation process with its reams of regulations and bureaucratic oversight is completely unnecessary because the green deal is a giant scam. Those that have bought into it, like the ANC government, stand to profit through procurement of wind turbines and solar panels and the increased cost of electricity. There is nothing just about the so-called Just Transition to green energy sources – just greater debt from overseas borrowing and dramatically increased living costs as green compliant Germany is experiencing.
There is nothing “insidious” about being exposed to carbon-intensive activities, as the green alarmists falsely proclaim. On the contrary, carbon emissions per million need to double in the interests of a greener environment and better food supply.
Instead of making alarmist, unenlightened statements about climate change having a negative effect on financial stability, Kganyago should gleefully be rubbing his hands at the rosy financial impact the gas and oil exploitation off the west coast will have on our ailing economy. That is where he should be directing investment, just as Trump is doing in America. “Drill, baby, Drill!” is the narrative of common sense attested to by history.
