Electric-powered cars are now the rage. Tesla’s market capitalization is seven times larger than that of General Motors and fourteen times larger than Ford’s, though it builds a fraction of the vehicles that those companies do. Many politicians are even considering banning gasoline-powered cars within a few years in favor of electric vehicles (EVs), all in the name of saving the planet.Â
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Joe Biden needs to put the pedal to the metal as he races toward his goal of ridding America’s energy sources of carbon emissions by 2035. But the president-elect’s headlong rush toward a green future may be slowed by a snarl of political speed limits in the states.
One of Biden’s most ambitious aims is to completely clean up the electrical grid, today powered mostly by fossil fuels, in only 15 years. Many energy executives consider that goal quixotic because it would require a breathtakingly fast transformation of the massive power industry — from replacing hundreds of dirty power plants to upgrading thousands of miles transmission lines.
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by Michael Bastasch Former Vice President Al Gore hailed the city of Georgetown, Texas, for powering itself with only solar and wind energy, but now the city is losing millions on its green energy gamble. Georgetown’s bet against fossil fuel prices cost the city-owned utility nearly $7 million this year, and prompted officials to look for a way out of their long-term contracts for solar and wind energy. “It’s costing them big time,” vice president of research at the Texas Public Policy Foundation (TPPF), Bill Peacock, told The Daily Caller News Foundation in an interview. “This doesn’t appear to be the first time they’ve lost money, just the first time it was big enough to have to go public with it.” Georgetown made national news after being featured in Gore’s film “An Inconvenient Sequel,” which was released in 2017. The film followed-up on Gore’s inaccurate 2006 film”An Inconvenient Truth.” “I think Georgetown is already a trailblazer,” Gore said during his 2016 visit to learn about Georgetown’s plan to get 100 percent of their energy from wind and solar power. “And one thing that Georgetown demonstrates to other places that are just beginning to think about it is that the power supply is…
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