Infrastructure Investor: Texas Infra Projects to Benefit from $7.5bn Windfall After Vote

Three statewide infrastructure funds totaling US$7.5 billion were approved in Texas’s recent constitutional election. “The one thing that I have seen probably within the last year is a recognition that fossil fuels are going to be powering a lot of the world’s energy for the next 20 to 30 years… It’s been a good recognition that we’re going to continue to still need to make investments into fossil fuels while we make more gradual changes in terms of the energy matrix,” said Jason Schumacher, a Texas-based partner at O’Melveny & Myers LLP. “Renewable investments are here to stay from my vantage point. There’s going to continue to be a variety of different renewable investments made regardless of the [dispatchable energy fund].”

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