Tit for Tat 🎣

Tit for Tat

California, being one of the most important states in the U.S., has another issue to deal with after we just discussed their climate issues. The progressive state is known to be tight when it comes to climate change and we’ve already witnessed this with their recent electric vehicle bill that will ban gas cars by 2035. Obviously, this isn’t enough to slow down climate change, but California is racing to be the leader of renewable energy – not just in the U.S. but the world too. It’s likely they believe in the idea that they can become the example for the rest of the states, but they’re going to have to deal with the latest problems as well.

One of these comes with their plans on offshore wind projects, which seem like an amazing idea due to the amount of energy they can harness. However, they have many hurdles to clear in order to implement this, one of them being the people and businesses of California. Funnily enough, it has nothing to do with taxes or anything of that matter, but the economy is involved. Commercial fishing companies are worried that the projects would interfere with their businesses, and this is a great point considering the Californian government needs to share the coast with fishing boats among other entities. To execute this, ports will need to be expanded and cables must be placed underwater to help produce energy and allow for all this activity to occur. Fishers argue they will lose access to rich fishing areas due to the cables, and with increased investment comes increased property prices that would hurt businesses even more. Environmentalists also have their concerns as infrastructure around aquatic areas could hurt ecosystems and wildlife like sea turtles and sharks, but it’s fair to argue environmental impacts are a net benefit. These projects will power more than 1.5 million homes and get California to be fully powered by zero-emission energy by 2045. If the world is really going to transition to renewables, California’s economy will look amazing in the next few years.

I am not a financial advisor and my comments should never be taken as financial advice. Investments come with risk, so always do your research and analysis beforehand.

Share:

More Posts

Load More
Get your daily Invstr Crunch

Get the market news and updates you need, delivered to your inbox or available on our daily podcast.

Facebook Twitter Youtube Instagram Snapchat Tiktok
learn
products
plan
Who we are
blog

Risk Disclosure:

Invstr is not a bank and banking services are provided by Vast Bank, N.A.

Brokerage and Banking services are currently only available to U.S. residents.

Invstr app and web services are provided by Invstr Ltd. Advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC) details of which can be obtained here. Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value.

Investing involves risk and can lead to losses. Past performance does not guarantee future results.

Invstr app and web services are provided by Invstr Ltd. Invstr+ advisory services are provided by Invstr Financial LLC, an investment adviser registered with the Securities Exchange Commission (SEC). Securities brokerage and custody services are provided by Apex Clearing, a broker dealer registered with the SEC and a member of FINRA and SIPC. There is no bank guarantee on securities and securities may lose value. Vast Bank N.A. a nationally chartered bank and member of the FDIC, provides the banking products, including the products and services related to digital asset accounts. As with any asset, the value of Digital assets can go up or down and there can be a substantial risk that you lose money buying or holding digital assets. You should carefully consider whether trading or holding Digital assets is suitable for you in light of your financial condition. Your digital account does not support wallet to wallet transferring of your digital assets (i.e. cryptocurrencies) outside the platform. Any Digital Assets in your digital asset account are not insured by any government entities, including but not limited to FDIC or SIPC. The Invstr Visa® Debit Card is issued by Vast Bank, N.A. pursuant to a license from Visa U.S.A Inc and may be used everywhere Visa debit cards are accepted. Invstr Ltd, Invstr Financial LLC and Invstr Securities Ltd are subsidiaries of Marketspringpad Holdings (collectively “Invstr”) and Invstr is solely responsible for the application services and website content.

Watchlists provided when users first access the service are not a recommendation to invest. Instead they are provided to help users better navigate the service. Users are free to edit and create their own watchlists. From time to time, Invstr will suggest instruments solely based on an individual’s interest and the interest levels of the Invstr community.The statistical and portfolio builder models generated by Invstr do not reflect actual investment results and are not guarantees of future results.Comments provided by Invstr leaders, influencers or members of the Invstr Community are not recommendations and should not be construed as such.Invstr does not endorse the content or the positions posted by them. Their investment approach, and that of the models provided by Invstr, may be different from yours and may not be appropriate for you.