After years of pushing wind and solar, BlackRock's Larry Fink now admits forcing economies onto intermittent power was a mistake.
We need dispatchable power, he says, or risk energy shortages."
That admission comes after grids have already been weakened though, after bills have already surged, and after energy security has long been eroded.
Then there's Bill Gates.
In 2019, Gates said he had divested from fossil fuels, but his filings show otherwise. In 2024, the Gates Foundation Trust held hundreds of millions of dollars in fossil fuel companies, its largest exposure in years.
Today, the companies backed by Gates emit more CO2 annually than Russia, Japan and Germany combined.
Like Fink, Gates has conceded that reliable energy is indispensable, and that he no longer considers global warming an existential threat.
The timing of this backtracking isn't a coincidence.
It comes as the elites envision a new golden control method: artificial intelligence. AI data centers require enormous energy inputs that intermittent renewables simply cannot provide.
Wind and solar were imposed on economies, but they are not good enough for AI data centers.
When elite infrastructure is at stake, dispatchable power suddenly matters.
Climate change has served its purpose though: increased control and a massive wealth transfer.
Now comes the next power play.