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.
“Arizona voters have spoken loud and clear, overwhelmingly rejecting Proposition 127. Much will be written and said in the coming days about why Prop 127 was defeated, but it’s really pretty simple,” Matthew Benson, a spokesman for Arizonans for Affordable Electricity, said in Tuesday night statement. “Arizonans support clean energy, but not costly, politically driven mandates. Arizonans support solar power and renewable technology, but not at the expense of an affordable, reliable energy supply. Arizonans prefer to choose our own energy future rather than have it dictated to us by out-of-state special interests.”
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The question is how did Tom Steyer ever make money with his cluster fuck track record
of pouring money down the drain . Maybe someone made it for him .
Washington State just flushed the carbon tax and the extreme green are blaming big oil .
Sorry snowflakes just people that have a brain and bills to pay called BS on the globalist scam .
The problem with save the planet con men is they have blatant conflicts of self serving interest .
Who couldn’t make money when the tax payers are expected to get hosed and eat the risk ?
Remember Chicago Climate Exchange ?
The people of Washington see through the globalist con game and have bills to pay .
Twice shot down and any politician that wants to keep flogging this scam is finished .
Wonderful!!! I love it when billionaires toss away money. Too bad it wasn’t to help people with real, not imaginary future problems. What a dickhead. Let’s hope he spends many, many more millions on lost causes. Maybe it will make a dent in his treasury. NOT. It’s gonna take a lot more.
From SeekingAlpha: Big Oil is celebrating big midterm wins a voters rejected measures that would have restricted drilling in Colorado and put a tax on carbon emissions in Washington. Oil companies had spent tens of millions of dollars to oppose the initiatives, with shares of Colorado producers – Noble Energy (NYSE:NBL), Anadarko Petroleum (NYSE:APC) and Devon Energy (NYSE:DVN) – under pressure since the proposal won a spot on the ballot. Colorado is the fifth-largest U.S. oil producing state.
The oligarchs, owning the media, get uncritical echo chamber style coverage.
Instead of a media that asks the basic questions, the compromised media is offering shallow reporting that merely echoes the oligarchs.
Steyer was after saving his wind power investments, little more.
My analogy of renewables is this;
In computing, “everyone” is moving to Windows 10, O365 and mobility etc. It’s all in the “cloud” and “subscription” based licensing. Once you are “subscribed” you are “hooked” for life. It’s the heroin of IT.
Renewables are the “heroin” of energy supply. Until it runs out!
He does have a bulls eye drawn over Nevada. Take their water and then their money.