Government Investments in Renewables Significantly Lower than “Traditional” Energy Sources; Solar Company, Solyndra, Fails | Clean Energy Action

Posted on Oct 18, 2011

 

 

“According to the 2011 report from the venture capital firm, DBL Investors, “[In the United States], all new energy industries – timber, coal, oil and gas, nuclear – have received substantial government support at a pivotal time in their early growth, creating millions of jobs and significant economic growth. Subsidies for these ‘traditional’ energy sources were many, many times what [the U.S.] is spending today on renewables.” According to the same report, “America’s support for energy innovation has helped drive U.S. growth for more than 200 years, yet government support for new energy sources is much lower today than it has been at any other point in U.S. history.” The DBL report on “traditional” and renewable energy subsidies can be read at this link.”

via Government Investments in Renewables Significantly Lower than “Traditional” Energy Sources; Solar Company, Solyndra, Fails | Clean Energy Action.