‘You're a liar.' Why the world's biggest building boom has run into a wall in California [Los Angeles Times (CA)]
Bloom Energy Corporation Class A (BE)
Last bloom energy corporation class a earnings: 11/7 04:26 pm
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Source: Los Angeles Times
In front of a wall of people holding “No Data Center” placards, he outlined how his company, Australia's HMC StratCap, invested tens of millions of dollars and became the city's largest landowner after years of negotiations, clearances and hearings. City officials had previously welcomed its plans to build a sprawling, new data center and the jobs and tax revenue that would follow, he said, but then things suddenly changed. “There was no widespread opposition,” until late last year, he said as people in the room yelled, “You're a liar!” “Now, for the last few months, the city has faced intense public pressure.” California's notorious NIMBYs have a new cause. They are worried that the data centers that power artificial intelligence will lead to pollution, higher power bills and worse. It is a nationwide movement gaining momentum and particularly poignant in California, arguably the birthplace of the AI boom. It's also one of the reasons most blue-collar jobs tied to the unprec
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