But around the US, utility companies are using their outsize political power to slow down the clean energy transition, and they are probably using your money to do it.
Where I’m from we bought the energy companies decades ago, and kept it public for the most part since then (I think some wind farms are private). I’m not sure how long we can keep it that way in the current political order, but it is definitely worth having.
It would solve a lot of this problem.
It makes senso because, the state oil Company in my country is turning into an Energy Company. A surprising endeavor but it makes sense. Oil and petroleum are dated forms of energy, they need to be used less and less.
No, it does not make sense. Renewable energy projects get cheaper financing from banks and in form of green bonds. However oil companies will be treated as fossil fuel companies regardless of the project. So they will spend more on setting up renewables, then if the government set up a proper green energy company and gave them the money from the oil company. That is why these promises are in most cases nothing but greenwashing.
Keep an eye on things while I’m gone, keep a lid on things…
Well, no shit… Also, if I paid you $100 for you to mow my lawn and then you donated all $100 to my least favorite political campaign it wasn’t my money you donated anymore, it was your money. That’s how transactions work…
Regulated utilities in the US aren’t that simple. What they do is to force people to pay extra for their gas in order to pay the lobbyists, instead of reducing the dividends they give to investors.
