Even faced with weakening demand prospects, outdated investment patterns are driving fossil fuel companies to waste trillions of dollars in developing reserves and infrastructure that will be stranded as the world moves beyond 20th century energy.
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America needs to keep doing what it does so well -- innovate. Innovation costs money. Venture capital must keep investing in energy startups that make economic sense.
Deregulation, which is, in effect, competition, would move the onus from strapped taxpayers onto cash-rich utilities, assuming there is proper oversight.
The House Republicans' new energy bill, a summary of which was put online on Wednesday, is designed to position the party as forward-looking on one of...
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