r/WallStreetBets vs. Gamestop For Renewable Energy

r/WallStreetBets vs. Gamestop For Renewable Energy(info.kotoo.earth)

11 points by evanmaynard1 5 years ago | 6 comments

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 5 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 5 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 5 years ago |

You might consider changing the title to "WallStreetBets Against Coal Powerplants".

evanmaynard1 5 years ago | |

Big fan your handle - I used to build rocket engines for Blue Origin

evanmaynard1 5 years ago | |

True! done, thanks :)