Re: The Climate, Environment and Energy Thread
Reply #864 –
Earlier we had some discussion about not trusting the advice or reports of billionaires, when they portray themselves as the cure to bureaucracy's ills.
When big big money is involved do not trust politics, opinion or the people who profit from either, just trust the numbers but not necessarily how the numbers are presented, be skeptical. Sometimes the most basic cursory investigation exposes the folly or deception.
Right on queue, although not specific to energy but analogous to the concept above, we have a billionaire telling us he can do the SRL better, cheaper, faster and with more certainty. I doubt it, I gravely doubt it, and unless great liability and risk is built into the contracts with certain penalties for failure, it would be a grave mistake to change the management.
Privatisation of too many major infrastructures just creates a tenancy that delivers great profit to the landlord, we all pay. Infrastructure and essential services should not be "for profit"!
The same critical risk structure should be applied to energy debate, make providers liable for not delivering on promises, do not let them profit at your risk!