r/WallStreetBets vs. Gamestop For Renewable Energy

11 points by evanmaynard1 4 years ago | 6 comments
  • evanmaynard1 4 years ago
    Hi HN, I'm Evan. I was tired of traditional carbon offsets not impacting the source of carbon emissions so I started this company to enable r/WallStreetBets style pressure on coal power plants' bottom line. You won't get rich, but at least coal power plants won't either.
    • gus_massa 4 years ago
      The title here is misleading. This is not a bet by WallStretBets, it's an unrelated project. (Also the guidelines ask to use the original title https://news.ycombinator.com/newsguidelines.html )

      Also, the government permits can be printed out of thin air. If the government sees that the permits are not used, they can just pass an "emergency" act or something and create more.

      • evanmaynard1 4 years ago
        Sorry, I copy pasta'd the wrong article. I meant to link this one (and didn't see the news guidelines, found the ShowHN ones):

        https://info.kotoo.earth/hc/en-us/articles/360062548413-r-Wa...

        With respect to government will make more permits - historically the government has reduced the number available (and does 3% each year by design) when they weren't used due to NG/coal switching (see 2014). If this goes completely nuts, then yes, the government would likely make more but the permits are still funding renewable energy so having it go nuts also spells doom for coal powerplants. It's like having coal powerplants match your investment in utility scale renewable energy:

        https://en.wikipedia.org/wiki/Regional_Greenhouse_Gas_Initia...

      • FlyMoreRockets 4 years ago
        You might consider changing the title to "WallStreetBets Against Coal Powerplants".
        • evanmaynard1 4 years ago
          Big fan your handle - I used to build rocket engines for Blue Origin
          • evanmaynard1 4 years ago
            True! done, thanks :)