Renewable Energy Prospects Grim Under Trump Admin
$USO, $UNG
Koch Industries lobbyist Thomas Pyle is leading US President Elect Donald Trump’s transition team for Energy
With that expect to see a regression in renewable power projects in California and the nation.
Mr. Pyle is President of the Institute for Energy Research Group (PER), which has strong ties to the Oil & Gas industry, and is also the President of the IER’s advocacy arm, American Energy Alliance.
The Kochs gave Mr. Pyle’s groups $3-M in Y 2015 to convince politicians to cut back on policies that promote renewable energy.
AEA promotes free-market energy policies and argues that Barack Hussein Obama’s Clean Power Plan fails to provide affordable energy and a healthy environment.
Historically, California has been at the forefront of renewable energy and is ahead of schedule for meeting the Renewable Portfolio Standard requirements with help from the federal government.
The California Energy Commission, in its Y 2016 report, estimates that about 26% of its electricity retail sales in Y 2015 were served by renewable energy generated from sources such as wind, solar, geothermal, biomass, and small hydroelectric.
The Koch Brothers have influence in the coming Trump Administration, and it will do everything in its power to inhibit the growth of renewable energy in favor of very much more efficient and cheaper fossil fuels.
Stay tuned…
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