Comment by DoctorOW
2 days ago
> It has nothing to do with "shareholder value"
The reason other countries are able to move so much faster than the U.S. is because parties that have power in the U.S. push back with economic concerns. The distance between "shareholder value" and "stock market performance" is miniscule.
What is this obsession with "shareholder value"? Moving away from fossil fuels too quickly will hurt normal people. It will increase the cost of everything (energy prices determine the cost of stuff), make it harder to heat/cool people's homes, etc. You'll also see people burning more wood, which is far worse for air quality and may be worse in terms of CO2.