• @Telorand@reddthat.com
    link
    fedilink
    2314 hours ago

    Unfortunately, climate action is a collective effort globally. With him being in the pocket of Big Oil, expect no further investment into renewables and increased coal mining, fracking, and oil drilling.

    Anyone who cared about climate and voted for him (or abstained/voted third party) basically fucked themselves and everybody else.

    • @dontgooglefinderscult
      link
      913 hours ago

      That’s nice, but Americans and American companies can’t afford non renewable energy. Trump needs to triple subsidies over the next 4 years to keep them competitive with renewable energy.

      Just a reminder, Trump is not more corrupt or well bribed than Texas, and Texas is one of the largest producers of renewable energy in the Western hemisphere. Money wins over ideology, and there’s a lot more money to be had with solar and wind given the now low upfront costs and nearly non-existent maintenance costs compared to all fossil fuels.

      • Sonori
        link
        fedilink
        313 hours ago

        Counterpoint, Alberta exists and low costs benefit the consumer, not the company. I am fully confident that the profit made by oil and gas is significantly more than the tight profit margins in renewables, which means far less money to throw at politicians. Oil and gas can therefore throw much more money at Trump and still be in the black on their ‘investment’, even if you ignore that Trump has deep ideological and political opposition to renewables.

        • @dontgooglefinderscult
          link
          412 hours ago

          Renewables don’t have tight profit margins, you’re think of nuclear, maybe hydro.

          Solar approaches a 100% profit margin after 20 years, wind only ever gets to 90ish but still has the same timeline. Without subsidies, neither oil or coal gets profitable.

          • Sonori
            link
            fedilink
            1
            edit-2
            11 hours ago

            No, i’m thinking of solar.

            Over decades a solar system will pay back itself many times over, but that’s irrelevant to the question of how big of a money pile can business throw at politicians in the here and now.

            That’s determined by the profit margin for companies manufacturing and installing them, which tend to be rather thin given the highly competitive nature of the market. No solar installer anywhere near the profit that oil companies are raking in, and the people owning the panels are usually paying off the loan to install them, using the profits to build more capacity, or saving, not buying off politicians.

            Without subsidies there would be far less profit for oil companies, which is exactly why it is so important for them to ‘reinvest’ some of their recent massive profits into continuing and expanding said subsidies and slowing down the adoption of alternatives. Buying off the government with its own money is a benefit since it leaves more for them.

            • @dontgooglefinderscult
              link
              111 hours ago

              Individual solar is nice, but it’s a fraction of a percent of solar capacity. No one is talking about that. Actual solar plants and installations are run by dedicated companies with huge profit margins that currently are all in expansion phases. They make up the majority of solar power installed and operated.

              That market is competitive, but not hyper competitive and dirt has a decent lobbying budget, hence Dems including solar subsidies to appease Texas of all states.

              • Sonori
                link
                fedilink
                110 hours ago

                I also wasn’t talking about individual solar. Utility solar is nearly always divided between manufacturing, installation, and the operator. The operator is the only one benefited by solar’s long term return on investment. Everyone else makes their money in construction, which is very much price competitive.

                In my experience none of these groups however have even a fraction of the cash of a company like BP or Exxon Mobile, and what piles of cash they do have tends to be investment in rather than profit from. As it’s a lot harder to spend investors cash on buying regulators than it is to spend incoming profit on it this limits the amount that they can spend on such an endeavor.

                There are also a lot more places banning utility scale solar and wind than are oil and gas, so delaying renewables rollout seems like an evidently effective strategy for limiting their lobbying power.

    • Rhaedas
      link
      fedilink
      913 hours ago

      As well as changes to the EPA, NOAA, etc. Talking about climate change might become dangerous. Asking for help from FEMA may weigh heavily on how your state voted.

    • @14th_cylon@lemm.ee
      link
      fedilink
      5
      edit-2
      13 hours ago

      Anyone who cared about climate and voted for him

      i think that intersection is very small.