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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: robert b furman who wrote (11204)	4/28/2021 10:47:53 PM
From: Kirk ©	2 Recommendations Recommended By Investor2 Lee Lichterman III Read Replies (1) \| Respond to of 26635

Governor "Lights out" Newsom wants to eliminate fossil fuels in California sooner than anywhere else. I listened to President Biden's 4/28/21 address to congress tonight where he said one reason he rejoined the Paris Climate Accord was the United States is ONLY responsible for 15% of the Worlds carbon emissions and the other 85% comes from the rest of the World. This got me thinking: Even if we cut our carbon emissions in HALF to be only 8%, it won't make any difference if the other 85% grows by 10%. California has maybe 10% of the people in the US and perhaps about that same amount of carbon emissions. so if CA could be as much as 1.5% of the World's carbon emissions. If we (California) reduce our carbon footprint by half, that would cut the World's carbon footprint by less than 1%. SO here in California we want to be "leaders" and pay 4 times more for energy than states like Florida and Texas that use a lot more power to stay cool in boiling summers with coal and natural gas power plants yet we have to do heaving lifting to basically pee in the ocean of CO2 emissions. Some cities like mine, Palo Alto, Oakland and others are going even further and have outlawed natural gas heating and cooking in new construction so anyone, especially low income people, will have to pay maybe 3 to 4 times more to heat their homes, run clothes dryers, etc. If you have a lot of land, fine they can spend $13 to $20K and get solar but that takes the rich off the grid and leaves the middle and lower income to subsidize the electricity for the low income people who now get about a 30% rate reduction.