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Um, I think we all just won | Biden is halting the biggest fossil fuel expansion on earth
(billmckibben.substack.com)
this post was submitted on 25 Jan 2024
174 points (96.8% liked)
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...for now...
The ability to impose large delays on capital-intensive projects tends to keep them from getting built. I'll take it as a win
Venturre Global has a $4.5billion dollar loan with 8.125% intrest nad 8.375% intrest depending on the due date. That means every year delay costs them $365million.
All of that is part of $7.8 billion finanancing they have secured, so this might very well be half a billion dollars they loose every year.
The things he's done have been dripping out at a slow and steady pace since Inauguration Day. He hasn't been perfect, with a couple of missteps along the way, but a world better than any Republican would have been
... until after the election...
On terms that will make it hard to say 'yes' to them even then.