Where Renewables and Oil Come Together ...

[LAOIL + 33]

The largest solar project in California is actually going to produce heavy oil ... This is a great example of how 'bipartisan' fossil fuels and renewables can be in reality. 

https://electrek.co/2017/11/30/largest-solar-power-plant-to-extract-oil/

 

[Kate Turlington + 44]

yeah, it really is a brilliant example. I've never bought into this either/or stance on fossil fuels and renewables. Renewables will be our future ... but there's a very long transition and, like everything worth anything, it's a process. Using solar to produce heavy oil is where we see this play out as it is intended to play out. Not a political battlefield, but a natural joining of forces. I mean, Big Oil actually gets it and they're all over renewables now. It's really just the public that still thinks this has to be a partisan political issue. 

[TraderTate + 186]

I get the theory, but for traders--we live for the moment  I'm trying to figure out what these potential new tax bills will mean for renewables, mainly solar and wind. I see renewables lobbyists calling this practically the end days for investment ... but I suspect they are being melodramatic. 

[LAOIL + 33]

Bloomberg (via Time magazine) describes as a provision that indirectly strikes at investment: 

An obscure provision of the tax bill — part of a provision to limit tax deductions for certain overseas activities — threatens a financing mechanism that generated $13 billion in investment in U.S. renewable energy this year.

http://time.com/5042881/tax-reform-bill-solar-wind-power-renewable-energy/