Solyndra and the green jobs debacle

September 19, 2011 9:50 AM

At the time I wrote Let them eat carbon, Solyndra was already struggling.  Since then the American solar panel company cited by President Obama as "a testament to American ingenuity and dynamism" - and given a loan guarantee for half a billion dollars - has collapsed and is now being investigated by the FBI.  Jon Stewart talks through the entire gory story for the Daily Show.

[iframe http://www.dailymotion.com/embed/video/xl4ryr 500 281]

This isn't the only example of green jobs built up at huge expense failing to last.  The German solar sector has been in dire straits for some time.  Just look at the share price of major firm Q-Cells over the last five years.  In October 2010, wind firm Vestas announced major job losses in Denmark.

In the end, the people who get the green jobs will be the ones selling all the wind turbines and solar panels, not the mugs buying them.  Draconian climate regulations cost more jobs than they create.

To find out more about this issue, read the book.At the time I wrote Let them eat carbon, Solyndra was already struggling.  Since then the American solar panel company cited by President Obama as "a testament to American ingenuity and dynamism" - and given a loan guarantee for half a billion dollars - has collapsed and is now being investigated by the FBI.  Jon Stewart talks through the entire gory story for the Daily Show.

[iframe http://www.dailymotion.com/embed/video/xl4ryr 500 281]

This isn't the only example of green jobs built up at huge expense failing to last.  The German solar sector has been in dire straits for some time.  Just look at the share price of major firm Q-Cells over the last five years.  In October 2010, wind firm Vestas announced major job losses in Denmark.

In the end, the people who get the green jobs will be the ones selling all the wind turbines and solar panels, not the mugs buying them.  Draconian climate regulations cost more jobs than they create.

To find out more about this issue, read the book.

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