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.
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.
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.
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.