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Will Thomson - Real Assets Are Like Hansel (So Hot Right Now)

The Business Brew

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Is the IRA Bill a Good Idea?

If the goal is to move away from fossil fuels or whatever, the incentive to build something like say a new refinery is zero. Every chemical on the face of the earth is basically a hydrocarbon of some kind. So we can't decarbonize before we address the chemical issue. Until you know how to produce steel and cement without hydrocarbons, you better not disincentivize investment in hydrocarbons.

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