this post was submitted on 15 Sep 2023
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An expert witness for APS [Arizona utility] recently confirmed in a hearing that large utilities oppose customer-sided energy policies because they cut into shareholder profits. (www.12news.com)
submitted 2 years ago by silence7@slrpnk.net to c/energy@slrpnk.net
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[–] Mojojojo1993@lemmy.world 13 points 2 years ago

We know this bit it's good to get it from the horses mouth

[–] NateNate60@lemmy.ml 8 points 2 years ago

Company prioritises profits.

Big news.

[–] ramble81@lemm.ee 6 points 2 years ago

"Fiduciary duty to shareholders" is one of the most destructive and evil phrases in existence.

[–] Hyggyldy@sffa.community 3 points 2 years ago

Like... Is there anyone at this point who's not aware that companies would literally be happy to slit your throat and make your dog watch if they thought it'd make them a little more money? They are, by design, heartless machines intended to soak up money no matter the cost. And that's objective fact. That's just what they do, that's what that machine is for. And yet people continue to act like this isn't the case.