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What about all these 'green' jobs?by Herald Staff | Monday, August 15, 2011
Evergreen Solar Inc., the Marlboro clean-energy company that received millions in state subsidies to build an ill-fated Bay State factory, has filed for bankruptcy.
Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for months. The company announced today it is seeking a reorganization in U.S. Bankruptcy Court in Delaware and also reached a deal with certain note holders to restructure its debt and sell off certain assets.
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What about all these 'green' jobs?
Evergreen Solar Files for Bankruptcy Owing $485.6 Million - Bloomberg
Stock Market Research - Zacks Investment Research
It's not a shock, it was a scam product propped up by tax payer money with no real product to bring to market.
... Solar energy is a scam? LMAO.
It's very, very expensive to replace conventional energy sources with solar, wind, etc.
This news should come as no surprise, especially after an economic down turn.
It's not a shock, it was a scam product propped up by tax payer money with no real product to bring to market.
Both coal and nuclear received government subsidies. It's a shame so many Americans don't want to invest in the future.
This is true as long as CO2 emissions remain outside of the cost calculations as they are now.
Even with the externalities of coal and oil priced into the cost, they are still cheaper than wind and solar.
That's true, but the cost of wind and solar are coming down and the price coal and oil are only going to go up. Depending on location, some places are already very close to grid parity.
Both coal and nuclear received government subsidies. It's a shame so many Americans don't want to invest in the future.
It's funny how conservatives can be so blindly partisan that they actually root against clean, renewable energy. Liberals support it, therefore they're against it.
Cell phone companies and internet providers have gone bankrupt. Clearly that internet thing isn't going to catch on!
I don’t see conservatives rooting against clean renewable energy. Conservatives are rooting for free markets without over regulation by the government and without wasteful spending of our tax dollars.
When clean renewable energy becomes affordable, conservatives will buy and use it.
The company, based in Marlboro, Massachusetts, blamed the bankruptcy on increased competition from government-subsidized solar-panel makers in China and the failure of the U.S. to adopt clean-energy policies.
I always get a kick out of the statements made and the message not quite said. They are right that you can not compete with subsidized Chinese made products, especially when the U.S. government assists in that. We knew that going in but still threw the money away. I've stated my simply solution many times.
Seems to me that the second statement is a complaint that like with lightbulbs, the government has failed to force people to buy solar energy.
Unfortunately free markets don't really take climate change into account.
Unfortunately free markets don't really take climate change into account.
why indeed? The problem here is that ecosystem components such as clean air, water, and soil have no economic value in the current system - that's a problem. But yes - let's also put a cost on mercury, sulfur, nitrogen oxides, and all of the other toxins released by coal-fired electricity generation and other industrial processes. And yes - solar and wind should pay these same costs, commensurate with the emissions that their manufacture and use causes.Wind and solar manufacturers emit pollutants as well, why stop at Co2?
Clearly, that would depend on the costs imposed.Even with the externalities of coal and oil priced into the cost, they are still cheaper than wind and solar.
Why should the markets take climate change into account? It isn’t like there is anything the markets can do to change the climate.
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