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US and TotalEnergies reach 'nearly $1B' deal to end offshore wind projects
- adriand 7mo agoFortunately, fossil fuels are a stable and geopolitically risk-free source of energy.
- toomuchtodo 7mo agoThis will not be a learned more robustly in the US until one or both of the only two (edit: major) gas turbine manufacturers in the world (GE Vernova, Siemens Energy) suffer a tail risk event causing their failure. Backlog for new gas turbines is ~7 years, as of this comment. Continued production capacity is a function of how fragile those two companies are. The White House’s Bet on Fossil Fuels Is Already Losing - https://www.bloomberg.com/opinion/articles/2025-10-28/white-house-fossil-fuel-bet-is-losing-to-green-energy https://www.bloomberg.com/opinion/articles/2025-10-28/white-... | https://archive.today/vpvch https://archive.today/vpvch - October 28th, 2025 Gas-Turbine Crunch Threatens Demand Bonanza in Asia - https://www.bloomberg.com/news/newsletters/2025-10-07/gas-turbine-crunch-threatens-asian-lng-demand-bonanza https://www.bloomberg.com/news/newsletters/2025-10-07/gas-tu... | https://archive.today/z4Ixw https://archive.today/z4Ixw - October 7th, 2025 AI-Driven Demand for Gas Turbines Risks a New Energy Crunch - https://www.bloomberg.com/features/2025-bottlenecks-gas-turbines/ https://www.bloomberg.com/features/2025-bottlenecks-gas-turb... | https://archive.today/b8bhn https://archive.today/b8bhn - October 1st, 2025 (think in systems)
- skywal_l 7mo agoIsn't there Ansaldo Energia too?
- toomuchtodo 7mo agoYes, but their production volume is limited (imho) compared to the two companies I mentioned. Good callout regardless. I'll have a post put together to share here enumerating and comparing. (i track global fossil generation production capacity as a component of tracking the overall rate of global energy transition to clean energy and electrification, but some of my resources are simply an excel spreadsheet)
- RealityVoid 7mo agoHah, that's super interesting. How are we looking? What under served areas are you seeing? Do you post anywhere your numbers?
- bluGill 7mo agoBoth of those are big wind tubine manufactres as well.
- tadfisher 7mo agoLuckily, the wind futures market is pretty bullish for the foreseeable future
- ecshafer 7mo agoThe US (with Canada and Mexico) is self-sufficient with fossil fuel energy.
- krige 7mo ago> The US (with Canada and Mexico) is self-sufficient with fossil fuel energy. Oh boy can't wait for the reenactment of third reich intervening peacefully in czechoslovakia, for their own safety and wellbeing of course, and not at all for the resources they're hoarding, the filthy hoarders.
- idle_zealot 7mo agoSure, if we build out refining capacity for the next ten years. Then we're golden until we run out of the finite well of combustible dead algae. So if you think we can revitalize American manufacturing and resource processing starting now, and you're okay with those investments being worthless in a few decades, and you don't give a shit about rendering the planet significantly less habitable to human life, then yeah, we're totally self-sufficient with fossil fuels. Or we could, you know, pull energy out of the air and sun, a strategy which will be viable until our star dies.
- bryanlarsen 7mo agoAlberta tar sands have hundreds of years worth of reserves. They're also expensive and incredibly dirty to extract and emit significantly more CO2 during processing than a light oil well will. (The tar is usually melted by heating with natural gas). I'm quite confident cheap renewable alternatives will make the tar sands inviable far before they run out.
- munk-a 7mo agoSome good news though, with the war in Iran the spiking oil price means that Albertan executives can ramp up operations and stay quite profitable! Push the price to 200/barrel and we'll just strip mine the entire province after airlifting out Calgary and Edmonton.
- thecarbonista 7mo ago[dead]
- TheOtherHobbes 7mo agoThey're a relatively stable and risk-free source of money for a certain kind of politician. The energy part is incidental.
- tsunamifury 7mo agoIs this the biggest Woosh of the year?
- phil21 7mo agoIs this comment on purpose? The whooshes are getting hard to track!
- rapnie 7mo agoAnd clean. Really, really clean. Just look at coal. A no-brainer. Go for it.
- kube-system 7mo agoYou mean "clean coal", right? Of course it's clean, it's right in the name.
- mikkupikku 7mo agoPeople laugh at this, but anthracite genuinely is cleaner than other coal in every regard save CO2 emissions. People just think it's a joke because they've come to believe that CO2 is the only coal emission worth caring about, which definitely isn't true.
- hatthew 7mo ago"Clean coal" is like saying "a fast snail". Sure it can be faster than other snails, but even if it's twice as fast as the second fastest snail, it's still a snail and I'll still laugh when an ant runs circles around it.
- kube-system 7mo agoNo, the criticism isn't because people get caught up about CO2 -- it's because "cleaner than other coal" is a very low bar to meet to be calling something "clean" full stop. Also "clean coal" is not a type of coal being burnt (although that does matter too) but pollution control systems added to coal plants.
- mikkupikku 7mo agoAnthracite burns clean enough to use in a pizza oven. If your neighbor told you he was going to install a new furnace and offered you the choice of it burning wood pellets or anthracite, from a smell standpoint you should absolutely choose the anthracite. Anthracite, in these regards, is very different from bituminous coal.
- MikeNotThePope 7mo agoThey are also organic, all-natural, and fat-free! And renewable on geological timescales.
- skywal_l 7mo agoContrary to windmills, which slows down the rotation of the earth.
- margalabargala 7mo agoDoesn't that depend whether you point them east or west? Point them north and you'll increase Earth's axial tilt.
- hedgehog 7mo agoI think you just solved both leap seconds and daylight savings time.
- munk-a 7mo agoWon't someone think of the ~children~ birds?!
- Garlef 7mo agoNo problem: Just build a subterranean boat and launch a few nukes close to the core to restart rotation.
- triceratops 7mo agoI personally would like more hours in the day.
- throwingcookies 7mo agoThe US has their own oil fields. If they can burn down the EU in that ongoing crisis, they don't care. That's likely the strategy the administration is running.
- einrealist 7mo agoSimply insane.
- steveBK123 7mo agoWe truly live in the bad place
- gmueckl 7mo agoDo I have it right that the two projects that this deal kills off haven't seen any construction work yet? These aren't among the projects that the stop work orders were issued against in December, right?
- 0cf8612b2e1e 7mo agoMy quick skim, I think you are right. This is getting them to halt new development, by buying them off with the equivalent of the subsidies the current administration cancelled.
- munk-a 7mo agoWhat an amazing deal. We get nothing and the contractors we negotiated with get money for it! Truly, the deals this administration crafts are nonpareil!
- fsckboy 7mo ago>by buying them off with the equivalent of the subsidies the current administration cancelled no, the billion that is being "paid" is a refund of what Total paid in for the leases. Total paid that into the US govt in anticipation of receiving returns on that investment in the form of "clean energy subsidies". it is not clear from what is in the news story whether Total is being compensated for the would-have-been future subsidies, or whether Total simply expects to make decent profits from fossil fuels. if one's interest is in the "clean energy" angle, then this is a "defeat". if one's interest is in reducing govt subsidies, this could be "a win", but it's not exactly clear.
- Mashimo 7mo agoThese ones no construction had been started yet AFAIK. If AI summery is to be trusted, a few other windparks got stopped that where almost done, but got completed anyway after a legal battle. Vineyard Wind 1, Coastal Virginia (CVOW), Empire Wind 1, Revolution Wind, Sunrise Wind. Again, got it from AI, make of that what you want.
- 7mo ago
- jmclnx 7mo agoSorry, I do not know how else to say this: Well hopefully when Trump is gone NY remembers this and tells Pouyanné to screw when they put out bids to restart the project.
- harmmonica 7mo agoI know this US government is fully-committed to fossil fuels and about as rabidly anti-renewables as can be, but I'm still shocked to see things like this. And I'm fully aware of Trump's Scotland experience and how that contributed or directly led to this, but, still, shocked. And then I'm also shocked because I know that at least half, if not a good bit more, of US citizens are in agreement with this strategy. Not sure how I can still be shocked but here I am. And I say that not as some rabid renewables person. Just the insane binary thinking, regardless of the dollars and cronyism at work. There's zero room for nuance, which I guess is my biggest complaint about the world at large. Aside: people who think climate change will be the death of us all, and sooner than later, I get it, and I fully appreciate you pushing for a cleaner and more livable world. At this point I'm just going to sit in the corner and hope you, and China, figure it out and then it spreads quickly to the rest of the world, which I think at this point is pretty much a foregone conclusion barring a nuclear war (will refrain from commenting about how the likelihood of that has ticked up the past couple of weeks in an area teeming with (sarcastically shocked this time!) fossil fuels).
- tasty_freeze 7mo agoI'm always gobsmacked when Trump says things like, "We need to get rid of all the wind turbines! They are killing all the birds! Look at the foot of any tower and you'll see nothing but dead birds!" Is there a single person who things Trump gives a single damn about the birds? It is obviously just a pretext.
- harmmonica 7mo agoNever thought about it, but that's a great point and comparison. From quick Google search: 365 million and 988 million birds die every year from window collisions (that's US alone). Windmills/turbines: 140,000 and 679,000. Then if you do per windmill vs. per building obviously the windmills are going to "win," but it's the absolute that would seem to matter in this case. As you said, that has nothing to do with the actual preference for fossils vs. turbines, but a great point nonetheless.
- 7mo ago
- throwaway5752 7mo agox
- morkalork 7mo agoKidnapping the leader of a sovereign nation to put them on show trial and plotting to steal the country's natural resources. Blockading and strangling an island country to the point of economic collapse. Opining out loud about annexing their northern neighbours. The list goes on and on..
- MaxHoppersGhost 7mo ago>The US, should it survive this administration This level of doomerism is absurd. Of course the US will survive this administration. I blame the news for making every breathe by whichever opposition seem like the next WWIII.
- throwaway5752 7mo agox
- buellerbueller 7mo agoThe US is dead; it is now a Trumpian shithole.
- specialist 7mo agoPax Americana is doomed. What the USA looks like post-hegemony is TBD.
- exabrial 7mo ago[flagged]
- etchalon 7mo agoIt doesn't.
- tencentshill 7mo agoThis was a known risk for decades on every coastal wind project, and would have been a part of the earliest risk assessments for this project. The people building these projects are generally not as stupid as the administration trying to tear them down.
- ImPostingOnHN 7mo agoIIRC it does not. There has been some discussions by folks around it, but so far no evidence has pointed to it being a primary motivation. The evidence we do have is that republicans have had a party vendetta against clean energy for decades, and their current leader has had a personal vendetta specifically against wind turbines, also for decades.
- exabrial 7mo agowell that didn't take long.
- ImPostingOnHN 7mo agoI think everyone here would appreciate it if you didn't delve into identity politics, especially not when starting a thread. Just the facts, please. Or your beliefs, if you want -- but just because you state that you "believe" something, doesn't make it a fact, like you claimed. Unless you were stating it was a fact that you believed that claim? The wording you used was a bit convoluted there.
- exabrial 7mo agoUh, I didn't start it.
- fn-mote 7mo agoAt least it doesn't seem like a direct payoff. So in that sense the title is clickbait. > redirect those funds towards fossil fuel production [...] > US interior secretary [says] the deal was worth "nearly $1 billion The rest of the comments here... yep.
- BigTTYGothGF 7mo agoI'm reminded of Reagan taking down the White House solar panels.
- softwaredoug 7mo agoIIRC those were solar hot water heaters. More of a curiosity than something legitimately powering the white house.
- jmward01 7mo agoThe symbolism, and the stupidity, was there though. As time has gone on it has been more clear every year how intelligent Carter's administration was and how terrible the following administration was. Investing in/promoting solar was just one of many smart moves by Carter that were attacked purely to gain political points that only harmed us in the long run.
- genthree 7mo agoCarter: “This energy crisis shows us how vulnerable we are to foreign autocrats. We should work toward energy independence via renewable energy and waste reduction, to lead the world away from this risky and unsustainable fossil fuel market and secure ourselves a brighter future.” America: throws a decades-long, ongoing tantrum It’s fairly reductive… but still kinda true.
- AnthonyMouse 7mo agoTo be fair, he was essentially wrong about the efficiency angle because of the Jevons paradox and the "make your dryer not actually dry your clothes" kind of thing was pretty stupid. A lot of the methods of subsidizing things were also quite incompetent, e.g. Solyndra. If you want to subsidize something like this you do it on the consumer side, e.g. 75% tax credit for every US-made solar panel you install, which drives demand for US-made solar panels without opening you up to scandals like that or the usual corruption where the money goes to the administration's buddies.
- mandeepj 7mo agoThe guy is unhinged, hellbent on denial, just to appease his base, who are going bankrupt because of his policies. Would he pay Sun as well to stop shining over the US?
- kelseyfrog 7mo agohttps://fee.org/articles/the-candlemakers-petition/ https://fee.org/articles/the-candlemakers-petition/ This feels relevant
- tombert 7mo agoThe overrated and very annoying "sun", the so-called "star" that our planet goes around has been going unquestioned for too long! Many people have been asking for a long time, perhaps even before Obama, to remove the sun from the sky and replace it with our beautiful clean coal towers!
- jpgvm 7mo agoThankyou for your attention to this matter!
- feurio 7mo ago"Since the beginning of time man has yearned to destroy the sun" - Charles Montgomery Burns https://www.youtube.com/watch?v=L3LbxDZRgA4 https://www.youtube.com/watch?v=L3LbxDZRgA4
- andyferris 7mo agoThank you. I needed that.
- fakedang 7mo agohttp://bastiat.org/en/petition.html http://bastiat.org/en/petition.html
- entropicdrifter 7mo agoRelevant power metal song: https://www.youtube.com/watch?v=z769xf9ET5A https://www.youtube.com/watch?v=z769xf9ET5A
- seydor 7mo agoI feel like Total could have pushed for more, much more. It's very important that Windmills and 5G antennas do not spray Covid19 on proud patriotic americans
- kylehotchkiss 7mo agoI really want to see the legal verbiage guaranteeing this right. Like, how many mutations can covid virus get before it legally could be sprayed on patriotic Americans?
- terminalshort 7mo agoDepends on the mutation, but it could be as little as 1. A single mutation could turn the virus inert, therefore making it legal.
- sameergh 7mo agoIf this is accurate the US is making itself look unreliable for major energy investment
- paxys 7mo agoThe US is making itself look unreliable in every aspect
- paxys 7mo agoSerious question, but not entirely related to the topic - how are “smart” people in the US preparing for the next 20-30 years? - Assume everything will be fine and America will remain a global economic superpower. - Plan an exit to a more serious, stable country. - Some option in the middle of the two to hedge your bets?
- shepherdjerred 7mo agoI'd leave the US if the tech jobs didn't pay so much better here. I mostly like the US but the years since Obama have been rough
- Ylpertnodi 7mo agoPay may be numerically less in the eu, but rather than me trying to convince you, try on youtube: 'why I left the USA for europe'. There are very many.!
- brianwawok 7mo agoAnd oddly enough plenty the other way.
- actionfromafar 7mo agoThat's good to know! Those would be good to look at if one wanted to know why some people move to the US.
- deaux 7mo agoNow let's look at how each of them is trending over time.
- IncreasePosts 7mo agoI've seen a lot of those and commonly the people are academics or in near median paying professions. Do high paid techies make the usa->Europe switch? Generally most of the grievances people have with the US disappear with a high enough salary. Like getting guarantees many weeks of vacation and having great healthcare.
- Ajedi32 7mo agoHN title (currently reads "US govt pays TotalEnergies nearly $1B to stop US offshore wind projects") is editorialized and it's unclear to me whether it's accurate. The article says: > We're partnering with TotalEnergies to unleash nearly $1 billion that was tied up in a lease deposit that was directed towards the prior administration's subsidies What's the deal with this lease deposit and how does "freeing it up" equate to the US govt "paying" TotalEnergies that amount? Is this a situation where TotalEnergies put down a 1B deposit to lease the seashore from the government and the government is now canceling that agreement and giving them their money back? How does it relate to "subsidies"?
- jchmbrln 7mo ago[flagged]
- ceejayoz 7mo agoWe paid them that to make wind farms. They're now being allowed to keep the money, and not build wind farms. Title seems accurate? It's the clear intention of the administration's actions here.
- sheikhnbake 7mo agoNot sure how it relates to subsidies, but it is what you said. The government is cancelling wind shore projects leased to TotalEnergies under the Biden admin for ~$930 million. The Trump admin is paying them back with the understanding that TotalEnergies will reinvest the money into oil and gas operations in the US
- cwal37 7mo agoYou could go to the source and see[1]. > TotalEnergies has committed to invest approximately $1 billion—the value of its renounced offshore wind leases—in oil and natural gas and LNG production in the United States. Following their new investment, the United States will reimburse the company dollar-for-dollar, up to the amount they paid in lease purchases for offshore wind. Under this innovative agreement driven by President Donald J. Trump’s Energy Dominance Agenda, the American people will no longer pay for ideological subsidies that benefited only the unreliable and costly offshore wind industry. > For its part, TotalEnergies will invest $928MM, on the following projects in 2026: The development of Train 1 to 4 of Rio Grande LNG plant in Texas; The development of upstream conventional oil in Gulf of America and of shale gas production. Following TotalEnergies’ $928 million in investments in affordable, reliable and secure U.S. energy projects, the United States will terminate the following leases and reimburse the company [1] https://www.doi.gov/pressreleases/interior-and-totalenergies-agree-end-offshore-wind-projects-lowering-costs-american https://www.doi.gov/pressreleases/interior-and-totalenergies...
- angelgonzales 7mo agoThis seems like a good thing considering the “TotalEnergies CEO Pouyanné said offshore wind was "not the most affordable way to produce electricity" in the US, which he identified as being natural gas-fired power plants.” Not sure why we’re building offshore wind plants when land based gas plants provide cheaper energy. We need to be reducing the cost of living for working people and not raising it. Our goal should be to reduce people’s cost of living and we should align our actions towards those goals. Most people are cost sensitive!
- rockooooo 7mo agothe dollar cost he's talking about does not include the large dollar cost the externalities burning gas creates
- angelgonzales 7mo agoDoes the offshore wind energy costs include externalities of fabricating, assembling, shipping, installing, maintaining and decommissioning the turbines? Does it also include bird losses and whale harms?
- bjourne 7mo agoYes.
- thunfischtoast 7mo agoThe project life cycle cost: yes. The birds and whales: no. But neither do the fossil power plants.
- triceratops 7mo agoDoes the gas turbine include externalities of fabricating, assembling, shipping installing, maintaining, and decommissioning oil drilling rigs? And of shipping, storing, and burning the gas? And the climate change caused by gas leaks? And the harms to humans, the fishing industry, and bird losses and whale harms by oil spills (I know you really care about those)?
- mikkupikku 7mo agoIf the government would like to pay me to also not build wind turbines, hit me up. I mean, I wasn't going to build any in the first place, but I think this makes me qualified to continue not building any.
- softwaredoug 7mo agoI think it’s in part returning money this company paid the government
- stared 7mo ago> [Major Major’s father's] specialty was alfalfa, and he made a good thing out of not growing any. The government paid him well for every bushel of alfalfa he did not grow. The more alfalfa he did not grow, the more money the government gave him, and he spent every penny he didn’t earn on new land to increase the amount of alfalfa he did not produce. Major Major’s father worked without rest at not growing alfalfa. On long winter evenings he remained indoors and did not mend harness, and he sprang out of bed at the crack of noon every day just to make certain that the chores would not be done. He invested in land wisely and soon was not growing more alfalfa than any other man in the county…. Catch 22 by Joseph Heller
- mothballed 7mo agoShit like this has been happening since the first colonists came to the US. On of the first thing the Massachusetts Bay Company did in the 1630s was subsidizing the Winthrop Salthouse for decades ... which never successfully produced salt. Another thing commonly done was the English government or charters would gift land and then turn right around and buy it back at market price. Just look at it as America going back to the colonial ages and then everything that's happening makes sense. The bad news is that people were willing to put up with that for over 100 year so there's no guarantee anyone will do anything for a long time.
- arjie 7mo agoThese things are common. For instance, we pay dockworkers to not work so that they would let us do containerization. When they say they're striking, half of those striking dockworkers wouldn't be working anyway. They're paid not to so that we could use containers. When US ports finally automate, it will be the same. The boss of that union wears a Rolex because he's good at extracting these concessions from us. So here's a variant for them: > His specialty was containers, and he made a good thing out of not loading any. Ever since containerization came in, he was paid handsomely for every crate he did not touch. The more containers he did not load, the more money he was given, and he spent every penny he didn’t earn on securing more seniority on the docks to increase the amount of cargo he did not handle. He worked without rest at not working the piers. On long evenings he lingered by the hiring hall and did not sling a single hook, and he sprang out of bed at the crack of noon every day just to make certain that no breakbulk cargo had somehow returned. Enjoy.
- deleted 7mo ago[deleted]
- andyjohnson0 7mo ago> "TotalEnergies CEO Pouyanné said offshore wind was 'not the most affordable way to produce electricity' in the US, which he identified as being natural gas-fired power plants. [...] So it was a win-win dialog," he said." Pouyanné is only 62 years old. If, as I hope, there are criminal trials in the future for those responsible for recklessly endangering life on this planet, then I hope that he is still alive and that statements like this form part of the prosecution. Unfortunately Trump will almost certainly be long dead by then.
- jiggawatts 7mo agoIf we all lived on a space station these are the kind of people that would buy Oxygen futures and veto fixing the leaks in the hull.
- softwaredoug 7mo agoIt’s not as big of a deal as it sounds. Theses wind farms have not even started construction yet. Once Don Quixote is out of office, some future administration undoubtedly will start wind farm construction.
- evan_ 7mo agoI'm actually less concerned about the continued non-existence of a bunch of windmills, vs the billion-dollar payout to ensure that they continue to not exist. I've spent my entire life not building any windmills and nobody's paid me a billion dollars for it yet.
- softwaredoug 7mo agoIt’s a refund for buying the lease, not a payout.
- sgt 7mo agoHow about Equinor? They are suing the US govt for stopping the wind projects.
- standardUser 7mo agoTrump wrecks the global energy economy and his next move is to increase our dependence on it? They don't make enough dimensions for the type of chess this brainiac is playing.
- speedgoose 7mo agoTotal doesn’t greenwash anymore. Perhaps they try to please the US government. A previous total CEO "maintained complicated relations with the United States". He died in a plane crash accident. Was it an accident or a murder, perhaps the current Total CEO prefers to be safe than dead. https://www.france24.com/fr/20160714-margerie-deces-enquete-mort-petrole-total-russie-france https://www.france24.com/fr/20160714-margerie-deces-enquete-... https://en.wikipedia.org/wiki/Unijet_Flight_074P https://en.wikipedia.org/wiki/Unijet_Flight_074P
- alephnerd 7mo agoTotal doesn't care. They've funded massacres in 2021 [0] in order to unlock the $20 Billion Cabo Delgado LNG deal [1] in Mozambique. Greenwashing is the least of their worries. I've found French business culture to be extremely refreshing compared to their DACH peers - French business norms tend to be much more pragmatic, and will try to maintain strategic autonomy by hook or by crook. [0] - https://www.bbc.com/news/articles/c4gw119ynlxo https://www.bbc.com/news/articles/c4gw119ynlxo [1] - https://www.reuters.com/business/energy/mozambique-says-totalenergies-led-lng-project-relaunch-thursday-2026-01-29/ https://www.reuters.com/business/energy/mozambique-says-tota...
- markm248 7mo agoIdiocracy
- sentrysapper 7mo ago... was optimistic.
- mpalmer 7mo agoThe president - in his personal capacity - hates windmills. That is probably the entire reason this happened, in addition to hurting blue states.
- rcpt 7mo agoFeels like the kind of grift DOGE should not allow
- idontwantthis 7mo agoYou leftists think you hate free market capitalism, but no one hates it like Republicans.
- pptr 7mo agoThis really seems like a nothing burger. The $1B were a refund. Net exchange ~$0. Building out fossile fuel production shifts oil revenue from various dictatorships around the world to the US in this case. That's a good thing. I wish we in Europe produced more gas ourselves instead of being highly dependent on other countries. This does not mean higher gas demand, which is what matters for CO2 reduction.
- danny_codes 7mo agoI would argue it’s a waste of resources. Fossil fuels will be phased out over the next 50 years. If China is an indicator it can be done quite a bit faster than you’d think. It’s already questionable to build fossil fuel capacity at today’s prices. In 10 years it won’t make any financial sense. In 20 you’d be laughed out of the room. Why waste money on a dying technology? It’d be like mining bitcoin
- pptr 7mo ago(Based on AI research) fossile fuel production takes a few years to recoup investment. Only refineries seem quite long term (15-20 years). I'm sure the companies have projections about future demand to decide which projects are worth pursuing. If they miscalculate, the oil companies loose money (oh no! /s). Anyway, you won't loose money on this. There is of course also an argument about national security, not being at the whim of some Iranian dictator. So some form of government investment would be justified, but not necessary IMO.
- danny_codes 6mo agoI do lose money on this. I (and you, and the rest of the world) have to both clean up emissions and pay for climate change. The more we emit the worse the effects.
- pptr 6mo agoRight, but that negative externality is on emissions. For emissions it doesn't really matter who is producing the oil.
- raziel2701 7mo agoWe keep going down the wrong direction. We need more energy self-sufficiency. More investment in solar and wind.
- mbf1 7mo agoI'm investing in local energy - solar on my roof and electric cars in my garage. Maybe it doesn't make financial sense for everyone to do this, but the more people who do it, the less demand will exist for fossil fuels. This is a free market opportunity. Over 7 years, the solar should pay for itself, and then it's pure profit.
- patmorgan23 7mo agoThat's great that you're doing that, every deployment of renewables is a net positive. But local deployments in the burbs won't be enough to power out factories, office buildings, data centers, etc. also some people (A LOT of people actually) live in apartments or condos, so it's not just a financial barrier, they physically don't have the space. We still need these large scale deployments to make meaningful progress in decarbonizing.
- notyourwork 7mo ago7 years, I guess the math including car is required. I cannot make it work over 20+ years.
- thelastgallon 7mo ago> TotalEnergies CEO Pouyanné said offshore wind was "not the most affordable way to produce electricity" Wind bad? Solar good? https://oilprice.com/Company-News/TotalEnergies-and-Holcim-Launch-Europes-Largest-Floating-Solar-Plant.html https://oilprice.com/Company-News/TotalEnergies-and-Holcim-L...
- slantedview 7mo agoNo country can survive this level of waste and stupidity. Not even the US.
- stevage 7mo agoIf wind is "weather-dependent", how should one describe oil? "Peace-dependent"?
- 4gotunameagain 7mo agoIsrael(US) toddler tantrum dependent.
- Ey7NFZ3P0nzAe 7mo agoAlthough I found this funny, I'd prefer to see this kind of message on reddit than on HN.
- 4gotunameagain 7mo agoIt was not meant as a joke unfortunately. But thank you for expressing your disapproval so kindly
- yanhangyhy 7mo agoThis is the core flaw of the democratic system. Once a person gets elected, democracy effectively ends. Many of their policies may be harmful to the country, and their promises may not be fulfilled, but there is no punishment mechanism. As long as they step down from office, the media may criticize or mock them, yet no one really cares about the damage they caused. Leaving aside the fact that offshore wind power is already a mature technology, at the current stage of human development we should be promoting this kind of clean energy as much as possible. I remember a scientist once said that resources like oil are non-renewable, and simply burning them is actually a waste. We should try to use them for other purposes whenever possible, since there are so many renewable energy sources available. Of course, the lifespan of a country is shorter than that of oil, and the lifespan of a politician is even shorter than that of a country. That, too, is one of the tragedies of human society.
- defrost 7mo ago* This is the core flaw of the (USofA) democratic system. * Once a person gets elected, (USofA) democracy effectively ends. * Many of their policies may be harmful to the country, and their promises may not be fulfilled, but there is no punishment mechanism (in the USofA). All democratic systems are not the USofA .. the USofA hasn't progressed much since inception.
- adrianN 7mo agoWhich countries do substantially better?
- defrost 7mo agoOnes that can remove corrupt officials, not merely toothlessly impeach them to no actual end. Ones that can call a new election on a dime (relative to the lumbering US system) and don't fetishize a Little King absolute ruler. Looking about, Australia (as one example) took a hard look at both the US and UK systems and ran with a hybrid of their own design - "Washminster". Australia has shortcomings, as do all systems, but they do have the ability to churn Prime Ministers at a quick pace until they get a good one .. with no great impact on the functioning of the country, they have proportional voting - and get a wider spread than a simplistic monolithic two party standoff as a result, better seperation of Legal, Civil, Policy, and Military than currently evidenced in the US. All the same, there are 190+ countries in the world .. and the USofA is just one - and certainly not the poster child for a well run democracy.
- andreygrehov 7mo agoCan we unwind? How and by whom was this project started such that now it has to be cancelled?
- latestday 7mo ago[dead]
- panelpowder 7mo agoGood. Get rid of potential more special, non-recycable waste before it's created.
- evolve2k 6mo agoThis event is giving “banana math” from the show Arrested Development (S01E02 Top Banana).