green and sustainable business

Does Romney even understand clean, renewable energy?

with 2 comments

No, Mittwit has not a clue. The progressive advocacy group Center for American Progress Action Fund today lacerated the Mittster’s energy policy in an issue brief that says the Romney-Ryan ticket’s opposition to key clean energy investments would result in more jobs shipped overseas and lower American competitiveness.

Despite pledging to protect American employment, the Republican presidential candidate opposes clean energy policies that encourage investment and create jobs on American soil. Romney wrote in a Columbus Dispatch op-ed that, “In place of real energy, Obama has focused on an imaginary world where government-subsidized windmills and solar panels could power the economy. This vision has failed.”

“Real energy?” Solar energy is not real? Wind is not real? Someone who can say that with a straight face is the one living in a fantasy world of denial and subservience to the fossil fuel giants.

The U.S. actually led in clean energy investments worldwide in 2011, according to the Center’s issue brief, with $48 billion invested in clean energy in here. U.S. companies received more than 75 percent of all venture capital investments in clean technologies. That does not sound like a fantasy or a failure.

The Center continued:

“Take Gov. Romney’s opposition to the production tax credit, which provides a tax credit of 2.2 cents per kilowatt-hour for the production of electricity from wind energy. According to Navigant Consulting, allowing this credit to expire would cost 37,000 American workers their jobs. This position has put him at odds with other prominent Republicans such as Iowa Sen. Chuck Grassley and Gov. Terry Branstad, both of whom recognize the value of this incentive in boosting employment in their state. In fact, more than 81 percent of installed wind capacity is located in districts with Republican representatives.

“Although Gov. Romney touts his tenure at Bain Capital as valuable private-sector experience that gives him a business-minded approach to jump-starting our economy, four major financial institutions—Wells Fargo, Bank of America Corp., Goldman Sachs Group, Inc., and Citigroup, Inc.—have signaled their disagreement with his reluctance to embrace clean energy policies by pledging to invest a combined $170 billion in a cleaner economy. Even some of our largest companies believe a clean energy future is both a solid investment and a valuable venture.

“Other nations such as China, Brazil, Germany, and India recognize the promise of clean energy for economic growth and have implemented long-term policies to attract investment from their own companies and others around the world, including U.S. companies. The leaders of these nations know that capital will flow to the best policy environments for clean energy innovation. By opposing the policies that would keep green jobs in America, Gov. Romney harkens back to his Bain Capital days, showing a similar pattern of shipping overseas American jobs that could remain in our borders.”

RomneyRyan just don’t get it—they are so cynically in thrall to Big Oil and King Coal and the money coming from the carbon-based energy industry that they don’t care about destroying jobs and environment. Instead they make stupid jokes about climate change and clean energy.

Image: Ryan and Romney by patentboy via Flickr


Written by William DiBenedetto

5 September, 2012 at 10:20 am

2 Responses

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  1. Um, Romney is an experienced businessman, he understands clean renewable energy better than you or any of your greenie friends.

    Why are greenies so bad at math? Lol!


    5 September, 2012 at 10:48 am

    • Well he’s experienced in vulture, er, venture capitalism but if he was really a businessman he would see the potential for clean energy and not oppose the PTC.


      5 September, 2012 at 11:20 am

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