Well, this was a shocker. I just saw word from Transport & Environment thanks to one of our news aggregators here that three “polluting carmakers” were among the 10 companies to receive the most European Union “green funds” investments. But even more shocking than that, another three of the top 10 companies were oil & gas companies! This news comes from a study from Voxeurop and European Investigative Collaborations.
“Oil and gas companies, carmakers and textile manufacturers make up the biggest recipients of European green funds despite being some of the world’s biggest climate polluters,” Transport & Environment writes. “Toyota, for example, has received €3 billion from European green funds despite having a zero-emissions vehicle (ZEV) share of just 2%.” Toyota — one of the biggest anti-EV footdraggers in the world! €3 billion! As egregious as that is, though, #1 was TotalEnergies and #2 was Shell.
Two oil and gas companies received more “green funds” investment than anyone else — over $10 billion in the case of the former and more than $6 billion in the case of the latter! In fact, overall, the oil & gas sector leads for the most green funds investments. “The oil and gas sector is the most popular among these self-labelled green funds, with $33 billion invested, followed by the automotive ($22 billion) and fashion ($15 billion) sectors. The three sectors equate to 77% of all supposedly ‘green’ investments.
” Does anyone really believe t.