SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Politics : A Real American President: Donald Trump

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Woody_Nickels who wrote (103579)11/7/2018 11:20:20 AM
From: DMaA3 Recommendations

Recommended By
Investor Clouseau
Thehammer
Woody_Nickels

  Read Replies (2) of 455396
 
Good job Az

Tom Steyer’s multimillion dollar renewable energy initiative goes down in flames
Anthony Watts / 10 hours ago November 6, 2018

A renewable energy initiative was rejected by Arizona voters Tuesday, dealing a major blow to environmental activists who hoped to increase the state’s development of wind and solar resources.

Proposition 127, a renewable energy initiative in Arizona, lost handily Tuesday, according to ABC Arizona, citing The Associated Press. The proposal was widely expected to go down in flames heading into Election Day.

Despite millions of dollars in backing from liberal activist Tom Steyer, Proposition 127 lost at the ballot box on Election Day. The ballot proposal called for the state’s utility companies to acquire 50 percent of its electricity from renewable energy sources, such as wind and solar, by 2030. If the proposal had been successful, it would have dramatically increased Arizona’s renewable energy mandate, which currently stands at 15 percent by 2025.

The battle over Proposition 127 pitted two main forces against each other: NextGen Climate Action and Pinnacle West. NextGen, an environmental organization funded by Steyer, dumped well over $20 million in an effort to convince Arizonans the mandate would be a good thing for the state. Pinnacle West — the parent company of Arizona Public Service, the biggest electric utility in the state — spent even more to convince voters otherwise.

Very similar to a Steyer-led effort in Nevada, backers of Prop 127 argued it would help fight climate change and work well in the very sunny state of Arizona. However, Arizonans for Affordable Electricity — the initiative’s main opposition group — argued it would drastically raise utility rates on Arizonans.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext