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Oh-Kaleidoscope t1_jamopfk wrote

Reply to comment by lovecraft_401 in City to introduce Providence Community Electricity Program, offer electricity at lower rates than Rhode Island Energy by relbatnrut

This is interesting also bc they've been investing in solar.. And they also have nuclear. I wonder what their goal is by blocking renewable legislation..but I'm sure most of their revenue is from non-renewables

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misterspokes t1_jan2h49 wrote

They want to push other energy investing out of renewables to pull up the ladder behind them.

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Proof-Variation7005 t1_jan7hf1 wrote

It's probably that and a little bit of trying to prevent their hand being forced quicker than they wanted.

Fossil-fuel companies aren't idiots. They know this stuff is the future but they don't want the government to force the issue before they're comfortable with it and they definitely don't want would-be competition to be subsidized in that process

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iandavid t1_jan977i wrote

That article conflates different subsidiaries of a corporate parent, which implies they’re acting in concert as part of some overarching strategy. More likely the different divisions are acting independently, and the parent company is little more than a diversified holding company.

Either way, it would be nice to have some actual facts instead of the innuendo GoLocal is peddling.

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easedownripley t1_jaoi2oq wrote

Likely hedging their bets. GM was fighting against fossil fuel and pollution legislation when they were producing their first electric cars in the 90s. If the regulations went through, they'd be ready. As soon as their lobbying killed the legislation, they had all the electric cars crushed.

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