Saturday, March 27, 2010

Green Jobs, Not Here

Oh, well. Not even force-fed money from the Treasury can keep some firms from biting the hand that feeds them.

BP will close its solar-panel manufacturing plant in Frederick, the final step in moving its solar business out of the United States to facilities in China, India and other countries.

Just 3 1/2 years ago, in an announcement widely hailed by Maryland officials and promoters of "green jobs," BP unveiled a $70 million plan to double output at the facility and erected a building to house the production lines.

But on Friday the company said it would lay off 320 workers and keep only a hundred people involved in research, sales and project development.

The whole industry of "green" is economically-governed by tax incentives; unless the taxpayer (Fed and State) coughs up mucho .........ahhhh.......long green....., the prices for the products (such as windmills and solar-collectors) are simply non-competitive.

That's not all. Without that taxpayer long green, the COST of energy generated by these contraptions is ALSO non-competitive.

Ask any WE ratepayer.

HT: AmSpecBlog

1 comment:

Billiam said...

Kind of like corn-a-hol and bio-diesel. Without taxpayer $$ fed by DC, they'd collapse.