By Alex Epstein, The Federalist, May 31, 2022
Alex Epstein is the founder of the Center for Industrial Progress and author of the forthcoming book “Fossil Future” (Portfolio: May 24, 2022).
The World Economic Forum’s anti-fossil fuel prescriptions have caused an energy emergency and often impact the world’s poorest populations.
This week, the highly influential World Economic Forum (WEF) is meeting in Davos to discuss its latest recommendations for the world. But since its past recommendations helped cause a global energy crisis, the WEF should take the occasion of Davos to apologize and examine what caused it to be so wrong.
Europe and the rest of the world are currently experiencing a global energy crisis, caused by one fundamental factor: underinvestment in fossil fuels on the false assumption that unreliable solar and wind could rapidly replace them.
For more than a decade, Davos has been pushing government restrictions and ESG restrictions on fossil fuel investment, production, and transport. T…