He talks about investment in terms of production and infrastructure, but doesn't address the investment and wealth held in mineral rights, both by the landowners and leasing companies. The reduction of demand of fossil fuels would drop their value and likewise overall wealth of a lot of landowners, right? So they would be lobbying Austin to push O&G like Abbott is doing as much as big oil, if not more?
And as a side note to this, a lot of rural taxes are based on O&G reserve, so when the price drops, so does tax revenue for ESDs, roads, schools and those few remaining hospitals. I see no one addressing this either and it's becoming a significant problem, made more obvious by Covid issues on ISDs.
I know they tax renewables as property taxes, but they have done the same for other generators and the little counties have been bent over by Luminant and other big generators over the past decade. And I know that the wind generators pay a royalty to the landowners their windmills sit on. Not sure about solar.
So if anyone has seen any talk or planning on how that part of the economy will change due to moving from carbon based to renewables, I'd love to see/hear it. Seems like a new area for legal expertise, like water rights was 40 years ago.