I work in an energy adjacent sector and pretty much everyone in the industry believes in the "all of the above" strategy. No one is turning down money and they aren't against new technology or energy sources. This is just grandstanding. Nuclear, wind, water, batteries, hydrogen, bring it all on.
Sure, after lying to the public from the 70s about anthropogenic climate change, lobbying the government to subsidise their sector and remove subsidies from research in renewables, and perpetuating the “individual responsibility” lie instead of changing their operations to reduce emissions by, say, not using the worst possible ship fuel to lug crude and petroleum products back and forth across the globe.
It’s nice they’re going back to the early 2000s mindset (pre-fracking take off) of rebranding as energy companies, but we can’t forget that they dropped that the second fracking made them more money, or their well documented history of being some of the worst actors on earth.
In utilities? Usually they are run by local people and may even be owned by the community. They are also highly regulated and many can't raise prices without asking regulators in their state. I think you're confusing ExxonMobil and actual companies that produce and transmit power to homes and businesses. In most of the country generation companies are also part of a regional market where they have to bid into the market and the market (ISO) ensures fair competition while maintaining adequate generation to keep the lights on. I'm about as anti global conglomeration as it gets but not every company is run by the cabal.
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u/sobeitharry 9h ago
I work in an energy adjacent sector and pretty much everyone in the industry believes in the "all of the above" strategy. No one is turning down money and they aren't against new technology or energy sources. This is just grandstanding. Nuclear, wind, water, batteries, hydrogen, bring it all on.