Amid the clamor over saving the planet from global warming and punishing companies for the “crime” of producing fossil fuels, who is looking after the consumer? Pondering that question feels like playing “Where’s Waldo?”
Take North Carolina as an example: When the administration of Gov. Roy Cooper called for carbon neutrality by 2050, Duke Energy presented a $100 billion plan to deploy wind, solar and battery storage “on an unprecedented scale.” The plan would reduce emissions of carbon dioxide at a cost of $110 a metric ton and increase annual electricity bills by more than $400 for households and by nearly $50,000 for industrial customers, according to the John Locke Foundation.
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