The electric utility sector is broken – but the transformation we need will be virtually impossible so long as a handful of wealthy elites are calling the shots
Utilities companies have their sights on ending net-metering: your ability to sell excess power at market rates. Photograph: Rex
theguardian.com - by Kate Aronoff - August 1, 2017
A new report from the US-based Energy and Policy Institute last week found that investor-owned utilities have known about climate change for nearly 50 years – and done everything in their power to stop governments from doing anything about it.
From their commitment to toxic fuels to their corrosive influence on our democracy to their attempts to price-gouge ratepayers, it’s long past time to bring the reign of privately-owned electric utilities to an end.
Recent findings about utilities mirror a 2015 investigation by Inside Climate News and the Los Angeles Times, in which reporters discovered that ExxonMobil – secretary of state Rex Tillerson’s former employer – had sponsored cutting-edge climate research as far back as the 1970s.
