however companies have more credits than they actually need. the ongoing surplus of certificates has been continually driving down their price for years now. to a level where the financial incentive for companies to invest in clean energy and reduce emissions is close to zero. well meaning sadly ineffective the environment is meant to be profiting from this at the end of the day and the transport and agricultural industries haven t even been factored into this then there are the new energy intensive technologies like bitcoin you may think it s over but just one transaction uses as much power as your house in a week people mine for the cryptocurrency using huge computer centers but when
as they see fit. emissions trading will cap and trade works on the principle of boosting plot of action at minimal cost. in practice however companies have more credits than they actually need. the ongoing surplus of certificates has been continually driving down their price for years now. to a level where the financial incentives for companies to invest in clean energy and reduce emissions is close to zero. well meaning sadly ineffective the environment is meant to be profiting from this at the end of the day and the transport and agricultural industries haven t even been factored into this then there are the new energy intensive technologies like bitcoin you may think it s all virtual but just one transaction uses as much power
as they see fit. emissions trading all cap and trade works on the principle of boosting plot of action at minimal cost. practice however companies have more credits than they actually need. the ongoing surplus of certificates has been continually driving down their price for years now. to a level where the financial incentive for companies to invest in clean energy and reduce emissions is close to zero. well meaning sadly ineffective the environment is meant to be profiting from this at the end of the day and the transport and agricultural industries haven t even been factored into this then there are the new energy intensive technologies like bitcoin you may think it s all virtual but just one transaction uses as much power
scrutiny that it pressured them out of their access to financing to certain industries. i don t know how these industries got on the list, but i ll read you several on the list. ammunition sales, coin dealers, firearms sales, installment loans, tobacco sales, this list is a list of 30 that was put out by the fdc when they actually realized they shouldn t have put the list out they quickly took it back and the fdic says they re not pursuing this program anymore but when we tried to defund it earlier the administration fought aggressively to make sure we didn t get the votes to defund it. this program is one where the justification is well, the businesses who operate in these industries haven t done anything wrong. but these are industries that might do things wrong more than other industries. and therefore, we re going to pressure people out of these
industries. i don t know how these industries got on the list but i ll read you several on the list. ammunition sales, coin dealers, firearm sales, installment loans, tobacco sales. this list is a list of 30 that was put out by the fdc when they actually realized they shouldn t have put the list out they quickly took it back. the head of the fdic says they re not pursuing this program any more. but when we tried to defund it earlier, the administration fought aggressively to make sure we didn t get the votes to defund it. this program is one where the justification is, well, the businesses who operate in these industries haven t done anything wrong. but these are industries that might do things wrong more than other industries. and therefore we re going to pressure people out of these industries. reminds me of the 2002 movie