Boiling Point: Trump can't stop clean energy. But he can slow it down [Los Angeles Times (CA)]
Phillips 66 (PSX)
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Source: Los Angeles Times
That's why President Biden is rushing to get billions of dollars in clean energy loans finalized before President-elect Trump takes office, per Canary Media's Akielly Hu. It's also why the owner of a major Los Angeles oil field is suing California over a law meant to force the company to cease production, as The Times' Tony Briscoe reports. This isn't a zero-sum game, where one side wins and the other loses. Climate advocates know that the more heat-trapping carbon pollution we keep out of the atmosphere, the fewer people suffer and die. Oil and gas executives know that the more they drill and pump, the more they profit, even if they're eventually forced to stop. Fortunately, there's been some good news lately: The U.S. is manufacturing and installing more solar panels than ever before . (Eric Wesoff, Canary Media) A law designed to protect California taxpayers from paying to plug abandoned oil wells — and shift responsibility back to oil companies — may actually be working .
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