Utility companies are working to protect their fossil fuel investments in the face of an accelerating clean energy transition. Sammy_Roth explores this issue in the latest edition of Boiling Point, our climate and environment newsletter:
Around 2011 and 2012, these policies started to come under attack from the American Legislative Exchange Council, which is an organization that includes electric utilities. And they were working in state legislatures and regulatory bodies across the country to roll back these bedrock laws.
There’s definitely a profit component. Electric utilities bet a lot of money on fossil fuels. And when they were forced to reckon with clean air regulations, they had a choice. They could either shut down their coal plants and start investing in cleaner energy sources, or they could retrofit them so they could keep operating them under the new regulations.
There’s also rooftop solar, where customers own the generation source rather than the utility. That undermines the utility business model. And you have to remember that a lot of regulators are captured by the utility companies. In the case of Arizona, the regulators are elected, and the utility has beenME: The thing that’s most striking to me about the Ohio chapter in your book is you pretty much spell out the alleged bribery scheme that’s now making headlines: FirstEnergy spent $60 million and got more than $1 billion to bail out these nuclear and coal plants. And now we have the FBI saying there was an explicit quid pro quo.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Jessica Simpson Revealed She Confronted The Woman Who Sexually Abused Her As A Child 8 Years AgoJessica Simpson Opened Up About Confronting The Woman Who Sexually Abused Her As A Child
Weiterlesen »
Weakened Shell offers dim hope for pre-virus gloryThe $122 bln oil major’s sales fell nearly two-thirds in the second quarter, as the pandemic hurt crude prices. A dividend cut looks prudent. But a legacy of high debt, less investment and weak demand for fossil fuels mean investors are unlikely to see fat payouts restored soon.
Weiterlesen »
Today's Headlines: An essential step to stop the coronavirusExperts say a key to stopping the coronavirus' spread in California is to protect essential workers.
Weiterlesen »
California won't conquer the coronavirus, and fully reopen, until it can protect essential workersCalifornia won't conquer coronavirus until it can protect essential workers.
Weiterlesen »
Tiffany Haddish Tearfully Reveals Heartbreaking Reason She's Afraid to Have Kids'I would hate to give birth to someone that looks like me,' she said. 'Knowing that they’re gonna be hunted or killed' (via toofab)
Weiterlesen »