Exclusive: Permitting major obstacle to energy infrastructure buildout

Bureaucracy Is Strangling America's Clean Energy Buildout

The global energy system is facing a polycrisis. Consecutive and escalating geopolitical crises have thrown the world’s oil and gas markets into turmoil, the artificial intelligence boom is placing unprecedented stress on power grids and threatens to drive a major energy supply deficit in the near future, and all of this is taking place against the backdrop of dangerous heat waves, underscoring the cost of our energy system and the urgency of th…

Exclusive: Permitting major obstacle to energy infrastructure buildout

Permitting — more than access to capital — is the main obstacle to building out the global energy system, the heads of the natural resources group at JP Morgan’s investment bank write today.The issue is “most acute” in the US, they argue in an op-ed shared first with Semafor, but can also be seen in lengthening construction timelines in Australia, Canada, Germany, and the UK. The ultimate result is “generation capacity not coming online, grid up…