Billionaire oilman and No. 41 on The Forbes400 Phil Anschutz is gearing up for one last act
Michael Jackson’s comeback tour when the pop star died. Anschutz doesn’t just love unique businesses—he’s obsessed. “My wife calls it a psychosis,” he says with a laugh.
Is he doing this to greenwash his reputation? “No. We’re doing it to make money.” Though he believes excess carbon dioxide in the atmosphere “is a problem,” it’s “not as extreme as some would think.” What’s extreme is California’s new law mandating the transition toAnschutz says the hardest work is already over. The permitting process culled a quarter of the planned turbines—in the windiest area, there will be 157 instead of 325.
But wind was already on his mind. Anschutz loved riding his railroad around California, and he marveled at thebuilt in the Sierra Nevada passes. “I started out just curious,” he says. “I had come out of the traditional energy business and thought, what’s all this?” Wind turbines looked to Anschutz like any other natural resource business—kind of like an upside-down oil well, sucking energy out of the air. And one that would never run dry.
Not so fast. The Bureau of Land Management required a voluminous Environmental Impact Study. There were negotiations with the Audubon Society and the Wyoming Game & Fish Department over how much land to set aside for. The Oregon-California Trails Association wanted access to the wagon tracks still etched into the landscape. And the U.S. Fish & Wildlife Service was worried about how many endangered golden eagles the turbines were likely to kill.
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