John Arnold

I think the 2030s on is, who knows?

The assumptions that you have to go into any model on this have such wide air bars and you extrapolate out that many years and you just create a garbage in, garbage out model.

I think it's policy.

It's gotten harder and harder to build in this country over the years.

And there's always this tension between what the needs of society are and what the preferences of a local community are.

So everybody realizes we need transportation and housing and energy.

People also want it not in their neighborhood.

This is the whole NIMBY movement is we need affordable housing, workforce housing.

We need transportation.

We need energy assets.

But don't put them by me.

And if you try to, I'm going to go fight you in the courts.

For developers, time is money.

The opponents to projects have gotten very clever about how to use the existing regulatory laws to delay and delay projects, and in doing so can often kill them.

I've been very focused through our foundation at how do you do permitting reform to make sure that the projects that are good for society aren't unnecessarily painful to any community.

will get built while maintaining the parameters that the bad projects don't get built.

This nimbyism and this difficulty in building is what would lead to the problem of not being able to supply or energy becoming the choke point for development.

of the United States, and particularly bringing it back to the first part of the conversation of China and just the speed and scale that they can build, they don't have this problem.

I'm confident of that.

It is one of the biggest differences between the two countries.