Energy, Russia and American Power - WSJ Opinion

Shippers have redirected liquefied natural gas (LNG) cargos to Europe from Asia. Asian economies have shifted to burning more coal. In other words, Europe has reduced its CO2 emissions by outsourcing them.

Virtue, signaled.

Europe’s anti-carbon policies will have zero impact on global emissions. China has six times more coal power under development than all of Germany’s coal-fired capacity.

As in, additional capacity not yet installed.