Solar farms require 300-400x more land than a nuclear or natural gas plant and produce 200-300 times more waste than nuclear plants
Solar panels
- create good jobs in China, not US
- increased Calif. electric prices 7x more than rest of US
- needs 300x land than nuclear
- violates rights of indigenous
- makes big $ for mega-banks
Why we should fear Blackrock in the White House
forbes.com/sites/michaels…
Consider the largest new solar farm in the United States. It will create just six permanent jobs, each earning $43,000 per year.
By contrast, an average two-reactor nuclear plant employs 1,200 people.
Much of of the $1 billion that McDonald’s and other companies will invest in the solar farm will be sent to China to purchase solar panels. When those panels arrive they will simply will be unboxed and spread over 300x more land than a natural gas or nuclear plant requires.
While the cost of solar panels has declined, thanks to economies of scale in Chinese factories, the cost of electricity coming from renewables, which require significant amounts of new transmission lines and storage, keeps rising.
California saw its electricity rates rise 6x more than the rest of the U.S. between 2011 and 2019, due principally to the deployment of renewables and enabling equipment.
A human rights group last June documented 197 allegations of human-rights violations, including killings, by renewable energy developers. In 2019 there were 47 attacks against individuals who raised concerns about human rights violations by the renewable energy industry.
Infrastructure projects return higher yields than bonds or stocks. Fees are often 3x higher than from fixed-income investments. Blackrock promoted infrastructure investment for climate adaptation to avoid “climate refugees in the United States.”
In the past, the World Bank funded infrastructure like roads, flood control, water purification, and power plants in poor nations, with low-cost loans.
Today, shadow banks like BlackRock seek to provide that financing — at a far higher cost to taxpayers.
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