Call me crazy conspiracy theorist, but my take is that this is an oil and gas lobby op to bury the Green New Deal once and for all.
Eh. This feels like its just an industry pivot. Natural gas wells are going to be played out in another 20 years. All the easy money fossil fuels have been tapped. Green Energy is increasingly lucrative. So now the Feds are just going to pay the private sector to make the jump.
But private firms do need to lock in capital now, because they don't want any risk of a price war between O&G and Renewables. That's a race to the bottom every capitalist loses. Better to just extend the monopoly
Eh. This feels like its just an industry pivot. Natural gas wells are going to be played out in another 20 years. All the easy money fossil fuels have been tapped. Green Energy is increasingly lucrative. So now the Feds are just going to pay the private sector to make the jump.
But private firms do need to lock in capital now, because they don't want any risk of a price war between O&G and Renewables. That's a race to the bottom every capitalist loses. Better to just extend the monopoly