Guess Who’s Been Paying to Block Green Energy? You Have.

Opinion | Guess Who’s Been Paying to Block Green Energy? You Have.

https://www.nytimes.com/2023/07/05/opinion/utility-bills-clean-energy.html?unlocked_article_code=TOWq8JotsUK47g01L8z_6qpuqMb0Zb6ediJsQUxAigUCvk1g99Zv8uTWAneh1wRiUGmzV1jAOWUX2KOIUtDPdjg_qMZOa8DttYixZfH68UyTn1ciHvppYl4fCvWpeJpIgIYd5dpXoBILvgEteR3bcwnHAdj3qZO1q-Sl_KJrUHyYHdFsNmDWGmOGWtDeham5bqtaA7KJhEmAvgiZaov2CEEtsqpz3wYMLRiE-Hi__oBXYhzfXCG_cR0qgvaEbywxrDj3lyZaNtC6lWeWcunS31ST-AItM74UGYbfLj3C7DVB4u010zRws1MGw79ip1tYhtWOVNa5skQCOhLDMbydCJMXU54

As regulated monopolies, utilities have the unique ability to force customers to fund their political activities through monthly bills.

Opinion | Guess Who’s Been Paying to Block Green Energy? You Have.

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.

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A_S_B

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@SolarMech @silence7

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.

MrMakabar

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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.

A_S_B

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Not in my country. We even have a special line destined towards helping people buy and install solar energy in their homes. Also our electric grid is entirely shared between the entire country.