The measure, which requires oil and gas producers to detect and fix leaks of the greenhouse gas, came as the U.S. vice president spoke at the COP28 climate summit.
It turns out if you don’t regulate something, and it costs significant money to fix, even if it is known to be harmful to people, the environment, and is potentially explosive, companies will choose to keep money vs spending money to fix the problem.
Even with regulation a company will avoid fixing the problem if paying the penalty is cheaper. Bonus points if they’re allowed to pass the cost on to the consumers. Right, Duke Energy?
It turns out if you don’t regulate something, and it costs significant money to fix, even if it is known to be harmful to people, the environment, and is potentially explosive, companies will choose to keep money vs spending money to fix the problem.
Even with regulation a company will avoid fixing the problem if paying the penalty is cheaper. Bonus points if they’re allowed to pass the cost on to the consumers. Right, Duke Energy?
Right, and Dominion tries to slink away unnoticed.
Reminder that Post McCrory know about and conspired with Duke Energy to poison drinking water people paid for.
Problem is, it was being regulated. We have Trump to thank for that ending.