The headline itself commands attention because it suggests a target to offload blame upon amidst this ongoing climate change narrative. But how many of us manage our own retirement fund (day-to-day)?
The 410(k) can exist and guarantee returns because of things like fossil fuel financing. Over the past several generations, resources have been funneled into railways, roads, extraction technologies, refineries, fleets, grids, etc. This infrastructure has been established for some time now and continues to grow, but perhaps at a reduced rate because emissions now appear to be a threat. Sudden regulation to the end of the drastic reduction of fossil fuel deployment is not compatible with the expected economic growth that has established people's desires and standards for an idyllic life.
The surplus generated by the energy density, abundance, and accessibility of fossil fuels is the reason the aging citizen can anticipate monthly pension deposits or dividends sufficient enough to keep them well fed, housed, traveling, and medically sound. It is a comfortable method of living out the final years of a life spent participating in an economy that can now serve them as a reward for their service to it.
The necessary large scale transistion to emissionless renewables interrupts long term structured and predictable payment plans on the very grids and refineries that have granted us financial security.