Renewable energy investment makes up about 80% of investment in the power sector, and annual increases continue to outpace oil and gas investment (this year may be weird because of the Energy crisis in Europe). Renewables are not everywhere today because it takes time for the industry to mature and for utilization to increase, not because there is a conspiracy by Big Oil to somehow control investment flows.
jfengel|3 years ago
https://www.energyandpolicy.org/renewable-energy-state-polic...
I can't evaluate the counterfactual of what would have happened if they hadn't done that, but it may have deterred even more investment in renewables that should have been occurring over the last couple of decades.
photochemsyn|3 years ago