The HOTLINE has noted over and over that one major reason American companies have raced past those of Europe in size and profitability is that Germany and the rest of the EU embraced climate craziness and dramatically cut their fossil fuel usage. Most European nations are today poorer than Arkansas.

Thanks to this moronic war on fossil fuels, European companies now pay two to three times more for electric power than do U.S. firms, as the WSJ highlighted last week.

It’s as if the EU has put 15-pound ankle weights on their own businesses and then expects them to win the 100-yard dash.

All of this deindustrialization is a result of Europe’s green “Corporate Sustainability Due Diligence Directive (CS3D).” This “net zero” fossil fuels doctrine has put the EU on an economic destruction path.

The Europeans took a baby step away from this nonsense last month by agreeing to use more natural gas.  But they’re still wedded to windmills and solar panels and opposed to using much more reliable oil and coal for power.

Meanwhile, the planet’s two economic gazelles, the U.S. and China, continue to go all-in on all forms of cheap and abundant fossil fuels.

Europe’s “sustainability directive” looks so far to be an economic suicide pact.

Lord, what fools these mortals be.

Our new U.S. ambassador to the EU has a great piece warning of Europe’s folly: