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