Virtue signaling

Virtue signaling is not limited to individuals but applicable to countries and even continents. Europe is in an economic decline that started 30 years ago. They decided to join the zero-carbon fad. The results can best be seen by looking at Germany and more specifically at BASF the largest chemical company in the world. Germany set upon a path of going green by closing down the coal plants, closing down the nuclear plants and refusing to frack. They believed they could survive on wind and solar using natural gas as a go between while they changed. The Ukraine War disrupted these plans and the cost of energy quadrupled. Now BASF is shifting production to China where energy costs are lower because China gets 60% of their energy from coal. This is a kind of bait and switch which allows Germany to say they are going green by shifting their air pollution to China. This is an example of corporate, country and continent virtue signaling. In order to save face Germany is secretly planning on reopening its coal plants. Interestingly enough Canada is now following the same path as they increase their wind and solar while exporting 4.5 million barrels per day of oil to the US.