Column: Are utility companies heroes or villains of the climate change saga?

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Spoiler alert: neither.

'You either die a hero or you live long enough to see yourself become the villain.' So says Aaron Eckhart's Harvey Dent in the epic 2008 film 'The Dark Knight.' It's an apt analysis of Batman, the film's beleaguered superhero — and, in a strange way, of the electric utility monopolies that for decades fueled the climate crisis by burning coal and oil and gas, then began investing heavily in renewable energy, then in many cases decided they wanted to do both.

I especially understand that desire when other utilities — including at least one owned by Buffett — keep incurring cost overruns for the long-distance power lines that I keep telling you are so important for fighting climate change, and that anti-utility activists keep telling me we wouldn't need in such larger quantities if only we built more rooftop solar.

 

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