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Jason Hickel@jasonhickel.bsky.social |
Good sir, the point of this book is to explain why we are not getting sufficient investment in renewable energy *even though* it is so cheap and always getting cheaper. The reason is because capital considers fossil fuels to be more profitable.
3 replies 4 reposts 13 likes
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Kurdakov
@kurdakov.bsky.social
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that is only because it only really started. Then again - see what happens in 5 years with capitalism (even with Trump, at least in Europe and other countries, but even with Trump there will be much more solar/wind and storage in US).
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Timlagor
@timlagor.bsky.social
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Especially the capital controlled by people already heavily invested in fossil fuel assets.
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Justin Mikulka
@justinmikulka.bsky.social
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I watched the US shale industry lose a half trillion dollars. Perhaps fossil fuels are not more profitable? And times do change. "Barclays is establishing an energy transition team inside its corporate and investment bank, as it looks to capitalize on the shift away from fossil fuels."
0 replies 0 reposts 3 likes