How to break Duke Energy’s stranglehold on North Carolina’s power industry— and maybe save our coasts in the process RSS Feed

How to break Duke Energy’s stranglehold on North Carolina’s power industry— and maybe save our coasts in the process

week ago, writing about Gov. McCrory’s push for offshore drilling, I looked to my crystal ball. The oil and gas industry financed a study which (predictably) predicts fabulous economic results if the Atlantic is opened to fossil-fuel exploration. By 2035, North Carolina could have 55,000 industry-related jobs, it said.

Really?

Anything’s possible, I guess, but what scares me is that the industry may be right in the short run but dead wrong after that. If so, the North Carolina coast could be subjected to a furious buildup for 20 years only to see the markets for oil and gas collapse after we’re all-in.

Read full article at Indy Week