Why numerous failures in the green market won’t doom the industry

Conservative blogs, newscasts, and radio shows are eager to launch their claws and fangs into the swath of green energy companies who have received loans or other financial assistance from the White House. They claim that these very high profile cases mean that green energy isn’t the answer to our pain at the pumps, or from non-renewable energy running out. Is it true, however? Do the failures of companies like Solyndra mean that the green energy market as a whole is doomed to failure? Or are these just politically motivated hack job attacks at the president?

The truth is somewhere in the middle. First off, every one of those articles is based on an accurate accounting of what happened to those companies. The people who ran them were bad at managing companies, and were often looting hefty sums from their businesses, and lining their pockets with bonuses. On the other hand, the businesses that are failing are only a sampling of the entirety.

While the political slanting of some of those blogs and news stories might drive Americans to think that the green energy market is drying up, nothing could be further from the truth. There’s still a high demand for goods and services produced in renewable industries.

While there is absolutely a few bad apples in the green energy market, sustainable energy is still the way to go to break our addiction on non-renewable fuel sources.

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