The Climate Cult Fails Europe

American Thinker ^ | 8 Nov, 2025 | Thomas Kolbe

[MtnClimber]

Brussels’ climate policy a poverty engine -- one that is systematically draining Europe’s industrial base in global competition.

The roadmap is already set: in the coming years, the EU and its member states will make both businesses and consumers pay even more for CO2 emissions. BASF CEO Markus Kamieth warns of the enormous destructive potential of this policy.

Truth comes on pigeon feet -- Friedrich Nietzsche already knew that. And apparently, the same applies to European climate policy: slowly, but inevitably, the reality of the true costs of the green transformation and its impact on Germany’s industrial foundation is emerging.

On October 29, BASF’s CEO Markus Kamieth faced the press during the quarterly results presentation. What he announced was another cold shower for anyone still hoping for a new economic miracle.

Weak Results in a Stable Environment

The world’s largest chemical company reported a 3% decline in revenue in Q3 2025 compared to last year, while EBITDA fell by 5%. BASF is under massive pressure and has already cut 1,400 jobs to meet growing cost pressures.

BASF’s numbers have to be seen against the backdrop of a slowly recovering global economic cycle. The U.S. economy, growing nearly 4%, is driving strong demand. Economies in China and India continue to expand dynamically, particularly in sectors critical to the chemical industry.

While the global economy gains momentum, BASF -- like much of Germany’s chemical sector and the broader industry -- continues to lose ground.

The company’s main site in Ludwigshafen is hit hardest, leaving its 33,000 employees facing an uncertain future.

Criticism of the Climate Course

Kamieth was unexpectedly outspoken during the presentation. In addition to criticizing EU trade policy and rising energy costs in Germany, he struck at a rarely openly discussed wound: the EU’s climate policy.

Kamieth didn’t mince words,

---

TOPICS: Business/Economy; Society
KEYWORDS: leftism

[MtnClimber]

The issue is never the issue. The issue is always the revolution.

[Worldtraveler once upon a time]

--- "...slowly, but inevitably, the reality of the true costs of the green transformation and its impact on Germany's industrial foundation is emerging...."

Watching the evolution of the "global cooling" to "global warming" to "climate change" messaging has been a study in public manipulation of media. One recalls Al Gore's "no controlling legal authority" games and Obama's involvement in the early "carbon credits" schemes. That the EU leadership has led Europeans down this road shows how easily ideology can overtake reality.

If you want truth to go round the world you must hire an express train to pull it; but if you want a lie to go round the world, it will fly; it is as light as a feather, and a breath will carry it. It is well said in the old Proverb, ‘A lie will go round the world while truth is pulling its boots on.’ [ C. H. Spurgeon ]

Interesting how such messaging all comes down to the same potential "solution" to the "problem."

More control and more taxation. Lenin, once tie-dyed and stoned, is now draped with green and "sciencey", and so many can't see the costuming.

[spokeshave]

Wait.....wot...?

Doesn't CO2 promote plant growth....Sahara desert turning green...?

[Salman]

The poverty was a feechur not a bug.

[Worldtraveler once upon a time]

---- "CO2"

And the plural -- sea oats too...."

In the next days, my bride and I will probably go to stroll along the sands where the seas rising still can't be proven.

[rktman]

Weird. Seems like the United States of Europe ain’t working out as they thought it would. Dumbasses!

[bobbo666]

To call it global competition is revealing — it ain’t if displacement of “dirty” jobs to meet local goals is how you “compete”.