The Wall Street Bet Behind Ithaca’s Green New Deal
Big banks and venture capital firms have flirted with the residential energy market for years. Ithaca is giving these lenders a shot with theirs.

This article was published in partnership with The American Prospect.
I have asked myself why investors are interested, and not gotten a clear answer.
You’re trying to electrify an entire city. That is going to require very large starting capital. That’s why no one’s ever done it.
We’re going to go in there and try and make it Wakanda.

The policy and its sudden reversal will be among Acting Commissioner Anthony Annucci’s last acts.
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