People lie about the costs so they can use sunk costs to demand more funding when they exceed the budget. (Robert Caro describes how Robert Moses did this repeatedly in The Power Broker). Some “estimates aren’t intended to be accurate; they are intended to sell the project.” The team ...
nuclear electricity is still under a nickel per kilowatt-hour. That's economical energy. What's more, using nuclear fuel cuts energy imports and takes some of the pressure off the shrinking domestic reserves of oil and natural gas of the Americans. The U.S. Gross National Product is a basi...
High-speed rail is an example of an extremely limited vector range (only the track), and so it can travel at high speeds, over large distances, without much impact on other people’s freedoms of movement. (Japan’s elevated high-speed rail tracks take it to another level!) (3) In a ...
most notably from the next US president Joe Biden, who is committed to green causes. Donald Trump took the US out of the Paris agreement on climate change, but Biden has promised to rejoin it on 20 January, the day he takes power. ...
Electricite de France SA said the cost of building its flagship Hinkley Point C nuclear power station in the UK is set to spiral further to £32 billion ($38.5 billion). Higher levels of inflation have pushed up the estimated spend on the plant, the French energy giant said in a present...