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"Infrastructure is part of a broader debate about energy and climate, where commercial, regulatory, legal, and technical factors collide. Because of the long life of these assets, contemporary investment choices can have deeply consequential implications, which only intensifies energy debates. Misallocating investment can lead to long-term financial burdens or chronically fragile physical systems. In addition to policy debates, choices about infrastructure are complicated by extenuating factors, including new technologies, increasing incidence of physical shocks over time, and uncertainty about the timing, magnitude, and location of load growth. With all of these swirling uncertainties, it is imperative that industry and government coalesce around a singularity of vision and purpose in refining and expanding our electricity infrastructure…"

"It is abundantly clear that America must build more energy projects. Clinging to the ability to slow down and block disliked projects may have short-term political appeal. But in the long run, it only serves to maintain a status quo that is becoming increasingly untenable in the face of challenges such as load growth from AI, decreased reliability from aging infrastructure, and climate change. A better system is possible."

"On climate grounds, liberals have generally opposed the expansion of fossil fuels and promoted clean energy alternatives. The conservative response to climate has been both fragmented and shifting. But the emerging reality is deeper than debates over optimal climate policy. Policymakers on either side of the aisle have effectively embraced, to varying degrees, energy obstructionism…"

"Americans last focused sustained political attention on the trade deficit in the 1980s. A crisis strikingly similar to today’s—a collapsing industrial base, bipartisan fury in Congress, and a soaring dollar—produced the most consequential episode of international currency coordination in modern history. The Plaza Accord of 1985 and the diplomatic campaign that surrounded it succeeded in rapidly reversing the trade deficit. But the success did not last. The political coalition that forced action dissolved, the institutional memory faded, and the structural forces that produced the crisis were left largely intact, setting the stage for the even deeper imbalances we confront today…"

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