WEF Pushes ‘Green Energy,” Yet Is Funded By Chinese Coal Giant

World Economic Forum founder and executive chairman Klaus Schwab gestures during a session of the World Economic Forum, on January 19, 2017 in Davos. / AFP / FABRICE COFFRINI        (Photo credit should read FABRICE COFFRINI/AFP via Getty Images)

At a glance

  • The World Economic Forum is gangbusters for “green energy,” even though the body is sponsored by a Chinese coal giant.
  • WEF Managing Director Jeremy Jurgens called for “speeding up the green energy transition” and “urgent action” on climate change in an article published by Fortune Magazine. He warns of climate calamities to come if the world does not accelerate its efforts to reduce emissions and change course.
  • Despite Jurgens’ calls, however, China Energy Investment (CEIC), a state-owned power giant, is listed as a sponsor on the WEF’s website for its 2023 annual summit. The firm is China’s top coal miner and operates in other power sectors such as wind and geothermal, according to Bloomberg.

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