Acting Commerce Secretary Rebecca Blank said that in a global race for green technology, the United States “can’t afford” not to spend taxpayer money on such projects, and that the price of that spending is an occasional failure. One of those failures was a $535-million federal loan guarantee to the Solyndra company that makes solar panels but which recently filed for bankruptcy. “The U.S. can’t afford to not be a major winner in this race,” Blank said Thursday on a conference call with reporters. “That necessarily means that there’s going to be some capital investment by the U.S. government. But it is new technology and that means that there is sometimes risks.” “Make no mistake, that when you’re in a new innovation race of the sort that we are with every other advanced country in the world you are always out there on the cutting edge,” she said, “and that involves both big returns but sometimes involves some risks [of failure] as well.”...more
"global race for green technology"
When did that race start?
No comments:
Post a Comment