Germany Mulls Diverting Green Agenda Cash Aimed at Killing Coal to Arms Industry
The German government is reportedly considering diverting green agenda subsidies aimed at cutting coal power to the defence industry in order to ramp up production of arms amid the war in Ukraine.
A report from Bloomberg claims that the federal government in Berlin is conducting confidential conversations with regional state governments to direct green subsidies to produce more weapons and ammunition and thereby create more jobs in areas of the country impacted by the attempted move away from coal.
According to a source familiar with the plans who spoke to the news organisation, German defence contractor Rheinmetall AG is planning to build a factory to produce the basic components for ammunition in the state of Saxony, one of the main hubs of the coal industry in the country.
The defence firm is also planning on investing over €10 million into a production line near Hamburg to produce ammunition for the 30 Gepard anti-aircraft guns that Chancellor Olaf Scholz’s government has committed to sending to Ukraine following Russia’s full-scalle invasion in February 2022. – READ MORE
Damn, even larger than the Kremlin? That statement says a lot