economy
January 23, 2026
Top business leaders issue an expletive-laced message on the green backlash
Top business leaders at the World Economic Forum delivered an expletive-laden message on the green backlash.
TL;DR
- Allianz CEO Oliver Bäte criticized short-term thinking against climate action as an "aberration" and "bulls---", citing China's leadership in renewables.
- Fortescue founder Andrew Forrest promoted "real zero" by 2040, arguing it's cheaper and more competitive to stop burning fossil fuels.
- The World Economic Forum in Davos shifted focus from emissions reduction to coping with climate crisis impacts.
- U.S. President Donald Trump criticized the EU's energy policy and wind turbines.
- EU Climate Commissioner Wopke Hoekstra acknowledged pockets of skepticism but stressed the unchangeable physics of climate change and its economic damage.
- Siemens Energy chairman Joe Kaeser focused on technological solutions and innovation for achieving net zero, rather than solely regulation.
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