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In a biography about him that was written by Ashley Vance, Musk quite explicitly told Vance that one of the reasons why he started to push this Hyperloop system, despite the fact that he had no intention of actually building it on his own, was to fight the high-speed rail system in California, and to ensure that it wouldn’t be built. And so you can really see, in that moment, that Elon Musk has a very particular idea of how the transportation system should work — and he really didn’t want high-speed rail to be part of that system.
How Tech Billionaires Are Threatening America’s Transportation Future
Kea Wilson
Because the Level Four vehicles undergoing testing today tend to be covered in “hundreds of thousands of dollars worth of sensors” — and, because, by their nature, they operate only in limited roadway scenarios, like a fully driverless bus on a dedicated bus lane — Niedermeyer says the most logical applications for them would probably subtract vehicles from the road, yielding an “urbanist’s dream” of reduced car dependence but cutting into automaker profit margins.
Why the Argo Shut Down Is a Bad Sign for America’s AV Future
Kea Wilson
It won’t do to say that since these stranded assets were never sold in the first place, their disappearance shouldn’t matter. That’s not how finance works. These fossil fuel reserves are assets and, as such, they are on the books already. They have been used as collateral for loans and often leveraged far beyond their actual value. If they disappear, the world economy will collapse like a house of cards.
And yet, they have to disappear.
Paying Ourselves to Decarbonize | NOEMA
Kim Stanley Robinson
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