Today the fuel price at my local pump hit 16:34 Swedish kronor pr litre (95 octane). The cheapest in Sweden is under 16. A few years ago it was over 21 (21:24 in March 2022). Not accounting for inflation, it’s a drop close to 25%. With inflation, today’s prices are 33% lower than at the peak after Russia’s full-scale invasion of Ukraine.
Northvolt announced structural changes yesterday. Read cost cutting. Northvolt is a Swedish company founded to produce electric batteries for the green transition of the automotive industry. Read Scania. With a huge investment also of Swedish tax payer money. They are bleeding money fast. The transition to electric cars has slowed to a near full stop. In Sweden and the rest of Europe. Ironically, a local politician hoped for a “more sustainable growth”.
The next article in my newsfeed mentioned breaking of another temperature record. One of many over the summer.
Shouldn’t it be the exact opposite? That we are at record breaking investment levels for moving away from fossil fuels and that climate change slows to a more sustainable level?
What is more important: Money or a habitable planet?
