August 9, 2010
Will we ever get it?
That’s the question I asked myself after reading a Reuters piece on Wednesday, which basically focused in on how pathetically backwards our thinking has become when it comes to clean energy.
It pains me to say it, but while the rest of the world moves forward on a new industrial revolution – we’re playing partisan games in Washington, and essentially turning our backs on the greatest investment opportunity of the 21st century.
How does that make you feel?
How does it make you feel to know that this country is being left in the dust – missing out on huge job creation opportunities and economic development – because our energy policy is being dictated by Big Oil and King Coal?
Hell, even Kevin Parker, the global head of Deutsche Bank’s Asset Management Division, recently blasted the U.S. for “being asleep at the wheel.”
Parker said. . .
“Amid so much political uncertainty in the United States, Deutsche Bank will focus its ‘green’ investment dollars more and more on opportunities in China and Western Europe – where it sees governments providing a more positive environment.
They’re [the United States] asleep at the wheel on climate change, asleep at the wheel on job growth, asleep at the wheel on this industrial revolution taking place in the energy industry.
The U.S. hasn’t even entered the race yet for a clean energy economy.”
Of the $7 billion Deutsche Bank manages for green investments, about $45 million originated in the United States.
Given our superior solar, geothermal and wind resources, this is absolutely unacceptable!
And rest assured – the longer we keep acting like this transition is not an economic imperative – the quicker we’ll become a second-rate nation.
It’s real easy, folks. Either we get on board on now, or we all start learning Chinese.
It’s our choice.
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Posted by Connor Dartnell