The great democracy of EU and defender of open and free market economy is now preaching socialism.
The EU executive plans to raise about €140bn (£121bn) by imposing windfall taxes on energy companies’ “abnormally high profits” and redirecting proceeds to households and businesses struggling with soaring bills.
By the way, if you cannot compete then the only way you can win is by smear campaign or strong-arm tactic.
Palm oil is an incredibly efficient crop, producing more oil per land area than any other equivalent vegetable oil crop. Globally, palm oil supplies 40% of the world’s vegetable oil demand on just under 6% of the land used to produce all vegetable oils. To get the same amount of alternative oils like soybean, coconut, or sunflower oil you would need anything between 4 and 10 times more land. Malaysia and Indonesia already long ago stop any new land opening for palm oil.
The majority of global forest loss is caused by land clearance for six commodities: cattle, timber, palm oil, soy, cocoa and coffee.
In response, the European Union published a draft regulation in November 2021 designed to minimise Europe’s consumption of “deforestation-risk” products.
While legal NGO ClientEarth called the proposal a “leap forward in global environmental governance”, the governments of producer countries say it shifts the burden of ensuring that commodities are deforestation-free from wealthy consumers to poorer farmers.
Indonesia and Malaysia have called it part of a smear campaign against palm oil. Between them they produce 85% of the global total of the commodity. In a joint statement released a few months before the proposal, the nations’ leaders stated their intention to “continue to fight against palm oil discrimination”.
Both countries have lodged trade disputes with the World Trade Organisation (WTO), claiming the EU is trying to protect its own vegetable oil producers from international competition. They also cited the EU’s decision in 2018 to phase out, by 2030, the use of palm oil in transport fuel in Europe.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
Mikecyc
46,668 posts
Posted by Mikecyc > 2022-09-19 08:16 |
Post removed.Why?