Renewables — the $300 billion dollar vested interest that hardly anyone mentions

Imagine there was a $300 billion dollar industry that depended almost entirely on a pagan belief that cars cause storms, and coal caused floods. Imagine this industry produced nothing that consumers would voluntarily buy unless the government banned cheaper options. Now imagine how much money these investors might be willing to donate to lobby groups, Superpacs, and activists in koala suits. Purely hypothetically…

Global clean energy investment[1] totaled $332.1 billion in 2018, down 8% on 2017. Last year was the fifth in a row in which investment exceeded the $300 billion mark, according to authoritative figures from research company BloombergNEF (BNEF).

Global investment in renewable energy, 2018 | Bloomberg.

With 100% of their income at risk of evaporating if the voters pick the wrong person, or if public faith in the pagan religion starts to wane, these investors have a reason to create a PR campaign that called anyone who questioned the faith an idiot denier, funded by fossil fuels, out of touch, old, white and unfashionable.

Fossil Fuels, on the other hand, wouldn’t need to worry. They’ve tried the solar and wind research already. They know how uncompetitive they are and how people will be using coal […]