U.S. President Joe Biden’s Inflation Reduction Act is driving many Canadian clean energy startups to shift their focus and resources south of the border to capitalize on the subsidies and the related influx of activity.
U.S. President Joe Biden’s Inflation Reduction Act is driving many Canadian clean energy startups to shift their focus and resources south of the border to capitalize on the subsidies and the related influx of activity.
People talk about the private market driving innovation but to me it sure looks like what actually happens is entrenched wealthy interests do whatever they can to maintain the status quo that is making them wealthy. It was just the same with the music industry and their resistance to digital music. They were trying to put people in prison for literal years for downloading a song just to maintain their grip on that industry. Where the actual innovation in that era was being driven by the community via file-sharing. Piracy blew the old CD driven market out of the water for convenience, and now streaming is the standard as a result of that.