Skip to comments.Outgoing Energy Secretary Defends Administration's “Green Investments”
Posted on 02/02/2013 9:44:31 AM PST by John Semmens
Secretary of Energy Steven Chu announced his resignation from the Obama Administration this week. Chu had clashed frequently with critics of Obama's so-called green investment approach. He took the occasion of his pending departure to fire off a final volley at these critics.
Much as these people would like to portray the bankruptcies of a large number of recipients of government aid as a failure of the Administration's green investment policy, they are wrong, Chu maintained. Take the Solyndra Company as a example. The contention is that the $500 million we invested in this now bankrupt company was a waste takes a too narrow view of the program.
First of all, the $500 million we put into Solyndra is $500 million that was not available for a more environmentally damaging form of energy production, Chu argued. Money that might have been used to expand output of oil or coal was diverted away from these polluting technologies.
Second, the fact that Solyndra failed is another overlooked plus for the environment, Chu continued. As long as the company remained open it meant employees commuting to work and spewing emissions into the air. It meant lighting, heating, and cooling the facilities in which these employees worked. Since green energy sources couldn't have met these needs, an idled plant helps reduce the consumption polluting energy sources.
Chu suggested that we ought to emulate China. They are making more headway on green energy than we can here. They don't have naysayers nitpicking every idea insisting that it must meet some kind of 'reasonable return on investment concept.' The Government sees what it wants done as just orders everyone to fall in line.
Ironically, half of the world's annual coal consumption occurs in China. China's urban areas also have dangerous levels of air pollution with coal soot particles more than 20 times higher than is considered safe.
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
Take the Solyndra Company as a example.
No Solyndra took Obama.LOL
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