You are here

The Renewables Rush In Texas

Nathan Jensen and Isabella Steinhauer

Environmentalists have long argued for federal and state subsidies for renewable energy as a means of combating climate change.  However, as our data analysis shows, the owners who benefit from renewable energy incentives can in some cases be the same fossil fuel companies that actively oppose a green energy transition. The results of a 2021 study, using data released by energy companies on earnings calls, also suggest that energy company investments in renewable energy projects are often simply diversification strategies – they aren’t replacing fossil fuels.