"With economists plainly joining an increasing number of scientists in global warming skepticism its little wonder there’s now a mass flight away from ‘renewables;’ such that both investors and governments are compelled to follow suit in the clearest indication yet that green energy won’t live up to its promises.Well, well. The markets have got the message, and maybe we can have our 'Green' taxes reduced then. Or am I being over optimistic here?
The key to long-term economic success now appears to be safely premised once again on solid market innovation, not ideologically driven government subsidies; such subsidized ventures have a long and notorious history as lame duck enterprises. It seems ‘green renewables’ has become the latest of these white elephants."
Friday, 11 February 2011
Picked up from the Filthy Engineer. Well spotted that man.