53 sats \ 2 replies \ @Cje95 30 Oct \ on: Biden signs law allowing CHIPS Act projects to forgo environmental review Construction_and_Engineering
They can have the billions in market cap but they haven't been able to do anything and what they have they have faced lawsuits from groups like the Sierra Club resulting in a ton of liability and next to nothing in return. A lot of CHIPS funding has dates and targets you have to hit or you don't get the funds and the environmental reviews have forced the government to keep pushing them back because NEPA cant get itself together.
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0 sats \ 1 reply \ @BlokchainB OP 30 Oct
Trust me the NEPA process is burdensome at times. I’m not excusing that what I find ridiculous is the use of tax payers dollars for an industry that extremely profitable.
Instead of doing share buybacks eat the NEPA pain and build your plant.
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70 sats \ 0 replies \ @Cje95 30 Oct
So with CHIPS money companies have several new rules that address this! Big issue is that little of the money has actually left and gone to the companies so they continue to operate as is. Once they get the funds and can’t do this or that it will change!
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