The Oil Money Fueling America’s Biggest— And Costliest—Wind Farm

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Billionaire oilman and No. 41 on The Forbes400 Phil Anschutz is gearing up for one last act

Michael Jackson’s comeback tour when the pop star died. Anschutz doesn’t just love unique businesses—he’s obsessed. “My wife calls it a psychosis,” he says with a laugh.

Is he doing this to greenwash his reputation? “No. We’re doing it to make money.” Though he believes excess carbon dioxide in the atmosphere “is a problem,” it’s “not as extreme as some would think.” What’s extreme is California’s new law mandating the transition toAnschutz says the hardest work is already over. The permitting process culled a quarter of the planned turbines—in the windiest area, there will be 157 instead of 325.

But wind was already on his mind. Anschutz loved riding his railroad around California, and he marveled at thebuilt in the Sierra Nevada passes. “I started out just curious,” he says. “I had come out of the traditional energy business and thought, what’s all this?” Wind turbines looked to Anschutz like any other natural resource business—kind of like an upside-down oil well, sucking energy out of the air. And one that would never run dry.

Not so fast. The Bureau of Land Management required a voluminous Environmental Impact Study. There were negotiations with the Audubon Society and the Wyoming Game & Fish Department over how much land to set aside for. The Oregon-California Trails Association wanted access to the wagon tracks still etched into the landscape. And the U.S. Fish & Wildlife Service was worried about how many endangered golden eagles the turbines were likely to kill.

 

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The Oil Money Fueling America’s Biggest— And Costliest—Wind FarmUnwrapping a fresh box of Swisher Sweets cigarillos, he explains the favored attributes of the 500,000 acres his oil company has been exploring in Wyoming’s Powder River Basin, where his team has drilled and fracked enough wells to be convinced they are sitting on more than a billion barrels. If you don't try, you will never know. 'It's better to live with failure after trying than with the regret of not trying when you should have!' Gee i wonder if Forbes is Pro oil Anti Tesla... Over his 60-year career, billionaire Phil Anschutz has owned oilfields, railroads, fiber-optic networks, tungsten mines, movie theaters and even a pancake manufacturer Forbes400
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