Economy
The European Union is shifting back towards fossil fuels
![](https://www.todayville.com/wp-content/uploads/2025/01/tvrd-rw-european-leaders-merz-meloni-wilders-image-2025-01-09.jpg)
From Resource Works
In 2024, the EU shifted towards a cautious, fossil fuel-inclusive energy strategy amid rising costs and public unrest
In 2024, the European Union’s shift back towards fossil fuels began to solidify in earnest.
Over the past few years, Giorgia Meloni has become the Prime Minister of Italy, Geert Wilders’ party is the senior partner in the governing coalition of the Netherlands, and Friedrich Merz is poised to ascend to the leadership of Germany’s government. All three figures are on the political right and are far more nuanced or sceptical of renewable energy, depending on whom you speak to.
The EU’s once ironclad commitment to rapidly replacing fossil fuels with renewables has cracked and given way to a more cautious and inclusive strategy to keep homes heated and industry powered. There is also growing resistance to the sacrifices being asked of ordinary EU citizens to meet the demands of aggressive green policies, which helped fuel their rise—no pun intended.
Prime Minister Giorgia Meloni of Italy reiterated her government’s ambition for Italy to become a hub of natural gas in Europe. Meloni’s government has signed a important deal with Libya and reaffirmed Italy’s partnership with Algeria across the Mediterranean to grow imports of natural gas to Italy.
Meloni herself has labelled EU climate policies as “disastrous” and has pledged to revise them, while her government has prioritized energy security and economic pragmatism. Her push to boost Mediterranean gas development is in large part a reaction to the Russian invasion of Ukraine in 2022, which led to severe restrictions on imports of Russian gas.
While many critics charge Meloni’s approach to fossil fuels as short-sighted, her approach resonates with many Italians and other Europeans who will no longer tolerate economic disruption due to energy shortages.
In the Netherlands, Geert Wilders’ Party for Freedom (PVV) has been the senior partner in the governing coalition since October 2023 and is far more hawkishly contrarian when it comes to EU climate policies. Wilders has dismissed proposed new investments in offshore wind turbines, solar farms, and other measures as “pointless climate hobbies.”
The PVV’s manifesto proposes abolishing Dutch climate laws, removing the country from the Paris Agreement, and growing fossil fuel extraction in the North Sea. Wilders is likely to face resistance from his more moderate coalition partners, but his electoral success is another indicator that green policies are no longer deal-breakers for European voters.
To the east, in Germany, Friedrich Merz and the Christian Democratic Union (CDU) are heavily favoured to return to power in the 2025 election after just four years out of government.
Merz opposes the EU’s mandated ban on combustion engines by 2035 and is open to reviving nuclear energy, which was controversially phased out under the current Social Democratic Party-led government after pressure from the Green Party, a junior coalition partner. As a junior partner in the current governing coalition, the Greens are unlikely to join a CDU-led government if the party secures a plurality in the upcoming election, as they have never formed a coalition with the CDU before.
Under Merz, the CDU advocates for “technological openness,” which opens the door to a host of alternatives to heavy-handed energy phaseouts. Like Meloni in Italy, Merz remains committed to EU climate goals, but the CDU’s pro-business outlook could very well slow the pace of renewable energy adoption in favour of economic and industrial goals.
Germany has a special role in the EU as the largest economy and has acted as its unofficial leader for decades. The decisions made by a likely Merz-led CDU government will have a huge impact across the bloc, even if his approach may be tempered by his coalition partners.
The approach of Merz, Meloni, and Wilders reflects a broad reorientation in Europe due to rising energy costs, stagnating economies, geopolitical uncertainty, and public backlash.
This shift is not indicative of climate denial or an abandonment of the EU’s commitment to climate neutrality by 2050, but the pathway is far murkier. Global energy leaders should take note and ponder what role they can play with the EU’s more inclusive approach to energy security.
Business
Trump’s steel tariffs will hit BC hard
![](https://www.todayville.com/wp-content/uploads/2025/02/tvrd-trump-image-2025-02-11.jpg)
From Resource Works
BC is a huge source of mettalurgical coal, which is used to make steel.
US President Donald Trump’s announcement of 25 percent tariffs on imported steel will send shockwaves through many industries but one of the hardest hit will be British Columbia’s coal industry. As the largest exporter of metallurgical coal in Canada, B.C. relies heavily on global steel production and these tariffs will reduce demand, destabilize prices and disrupt supply chains.
Unlike thermal coal used to generate electricity, over 95 percent of coal mined in British Columbia is metallurgical coal or coking coal. This coal is used to produce coke, a carbon rich fuel used to remove oxygen from iron ore in blast furnaces. Steel production is a big part of global industrial activity and B.C.’s coal industry exists because of that demand.
According to provincial data coal is B.C.’s most valuable mined commodity, generating billions of dollars in revenue each year. B.C. coal is exported mainly to Asian markets like Japan, China, South Korea and India but the US steel industry has been a customer too. A reduction in US steel production due to tariffs could disrupt global steel trade flows and reduce demand for metallurgical coal from B.C. miners.
Trump’s latest 25 percent tariffs on all steel imports is a repeat of what happened in 2018 when similar tariffs were introduced. At that time the tariffs increased costs for US manufacturers and led to retaliatory tariffs from Canada and other trade partners. The economic impact was big – Canadian steel and aluminum producers lost business and retaliatory tariffs were imposed on a range of American goods. The 2018 tariffs also didn’t revitalize US steel production which was 1 percent lower in 2024 than 2017 despite those protectionist measures.
This time the tariffs will hit even harder. Unlike 2018 when Canada and Mexico were eventually exempted after negotiations, this time Trump has said his tariffs will apply to “everybody”. That means the Canadian steel industry will once again be caught in the crossfire and with it the metallurgical coal industry that supplies it.
If Trump’s steel tariffs prevent U.S. manufacturers from importing steel due to higher costs, steel production will decline. That will mean lower global demand for metallurgical coal including B.C.’s high grade supply. B.C. coal miners are already facing challenges from environmental policies, competition from other jurisdictions and regulatory delays. A downturn in demand from steel producers could be the trigger for more mine closures or reductions in production.
Plus these tariffs could start another trade war. Canada retaliated in 2018 with tariffs on U.S. goods like orange juice and whiskey and similar measures may follow this time. The uncertainty will delay investment decisions in Canada’s mining sector especially for new projects or expansions that rely on stable steel demand.
The long term viability of metallurgical coal is already in question as the steel industry looks towards greener production methods like hydrogen based steelmaking. Sweden has already developed facilities that don’t require coking coal and while the transition to such technologies will take decades the latest trade disruptions could accelerate that shift.
Trump’s tariffs are meant to protect U.S. steel makers but history shows they often have the opposite effect, increasing costs for American manufacturers and economic instability for key trading partners. For B.C.’s coal industry the combination of declining steel demand, disrupted supply chains and potential trade retaliation puts the sector in a tough spot.
British Columbia’s coal industry is deeply connected to global steel production making it very exposed to Trump’s latest tariffs. The move will reduce demand for metallurgical coal, disrupt export markets and add more financial stress to the province’s miners. Given Trump’s track record on trade B.C. should prepare for economic uncertainty and look at diversification strategies to mitigate the impact of another round of U.S. protectionism.
Alberta
As President Trump creates new economy, Trudeau government ‘pandering’ to globalists
![](https://www.todayville.com/wp-content/uploads/2025/02/tvrd-jordan-peterson-image-2025-02-10.jpg)
Jordan Peterson in a February 5, 2025 video titled ‘Canada Must Offer Alberta More Than Trump Could’
From LifeSiteNews
“Enough idiot green moralizing, enough carbon tax. Enough bloody net-zero,” he said, adding, “how about this: enough multiculturalism and destruction of the Canadian identity.”
Well-known Canadian psychologist Dr. Jordan Peterson had choice words for Canadian politicians last week, accusing them of “pandering” to elites and ruining the nation.
In the February 5 video entirely dedicated to the topic of Canadian politics, Peterson said that he is sick of “pathetic celebrity wannabe” politicians, a category in which he includes Prime Minister Justin Trudeau, who are “pandering” to the global elites at the expense of ordinary citizens.
Peterson, who is from Alberta, in particular defended his province from a continued push by the Liberal government to undermine its oil and gas industry, amidst a trade tariff dispute with the United States.
“Enough overt and covert attempts to destroy the basis of the economy of my fair and hard-working province,” said Peterson.
“Enough delaying critical infrastructure development and rejection of international trade offers for natural gas, oil, and coal. Enough treatment of the resource economy upon which Quebec in particular, so unacceptably depends as a moral pariah.”
Peterson also took issue with Trudeau’s unpopular carbon tax and the Liberal government’s ongoing promotion of DEI (diversity, equity, inclusion) ideology.
“Enough idiot green moralizing, enough carbon tax. Enough bloody net-zero,” he said, adding, “how about this: enough multiculturalism and destruction of the Canadian identity.”
In recent weeks, the Trudeau government has been embroiled in a trade dispute with U.S. President Donald Trump, the latter threatening to impose a 25 percent tariff on all Canadian goods if border security and fentanyl trafficking is not taken more seriously.
Canada was given a 30-day reprieve from the 25 percent tariffs by Trump after Trudeau promised to increase border security and crack down on fentanyl making its way south.
A similar reprieve was struck by Mexico, whose president, Claudia Sheinbaum Pardo, announced that after talking with Trump the same tariff threat will be delayed for another month.
Since taking office in 2015, the Trudeau government has continued to push a radical environmental agenda like the agendas being pushed by the World Economic Forum’s “Great Reset” and the United Nations’ “Sustainable Development Goals.”
Alberta Premier Danielle Smith has been a fierce opponent of Trudeau’s green energy agenda and an advocate for the oil and gas industry.
Canada has the third largest oil reserves in the world, with most of it being in Alberta. Unlike in other nations, Alberta’s industry is largely considered ethical.
This is not the first time Peterson has accused Trudeau and his government of working against the interests of Canada.
Last year, Peterson formally announced his departure from Canada in favor of moving to the United States, saying his birth nation has become a “totalitarian hell hole.”
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