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RE: Is The Age of Fossil Fuels Finally Over?

in #energy7 years ago

My point isn't that it's impossible or unlikely for an environmental revolution to occur, it will certainly take a lot more time for the US than other countries, for example 51% of the cars in Norway are electric based, and there is also legislation that is about to be passed that will make electric cars mandatory in Norway within a number of years. The issue I find is more in terms of legislation and political structure, the EPA ban is a definitely a roadblock that sets the US back.

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How is the EPA plan setting the US back? Every company I know is still looking ways to go green and clean up there act. The only thing Trump did is get rid of regulations that weren't needed and leave a deal that was causing the US to pay billions of dollars to other countries. Neither of which makes sense from an enconomic or environmental standpoint. Name one company that is going to start increasing pollution due to the EPA set back?

You're right that EPA doesn't affect private sector, businesses like Tesla Energy and many others will still continue to innovate in the renewable energy sector, but the government has definitely cut back on previously held legislative energy based regulations. For example Trump recently issued an executive order to allow offshore oil/gas mining on the Outer Continental Shelf. This promotes oil/gas industry in the US. When the market % of renewable energy companies exceeds oil/gas market % then you'll see a true revolution in renewable energy, but it's going to be a slow road like I said, definitely not over night will take years.