3 ms·
Renewable power is now being deployed rapidly and poses an active threat to the future profits of the fossil fuel industry, whereas before it was considered har
by matthewdgreen 2y ago
Renewable power is now being deployed rapidly and poses an active threat to the future profits of the fossil fuel industry, whereas before it was considered harmless. Ergo a massive PR-firm funded push to politically demonize renewables amongst those people are most susceptible to the message (and with the right electoral results to control the Federal government, those voters are all you need.)
What people seem not to understand is that it doesn't matter what the US does anymore. China has already kicked off a process by which renewables and storage become so cheap that fossil sources won't be able to compete, and they're deploying those sources at an insane rate. The rest of Asia and Europe aren't far behind. The US might be able to bury our heads in the sand for a bit, but all it will do is doom us as a geopolitical competitor.
- ars 2y ago> an active threat to the future profits of the fossil fuel industry Because they can't make profits in wind or solar energy? They certainly can, and do. And that's a good thing because there's no more powerful force for this kind of change than an economic force.
- _aavaa_ 2y agoA large part of a fossil fuel company's evaluation is the amount of unextracted oil and gas. Those assets quickly become liabilities if they cannot be used.