CFACT advisor Marita Noon chronicles the boondoggle that is New York Governor Andrew Cuomo's "Buffalo Billion" initiative, which was designed to feature a SolarCity manufacturing plant. But SolarCity stock has tanked, and the company, of which Tesla owner Elon Musk is a major investor, is facing bankruptcy. More "clean energy" that only cleans out our pocketbooks.
In recent years, a number of politicians have been promoting the notion of Green jobs to help resuscitate our economy. And while it may sound appealing, the real-world experience of nations subsidizing environmental projects to reduce unemployment hasn’t fared very well.
Some believe that so-called Green jobs are the answer to America’s economic woes. But if recent news from Seattle is any indication, Green jobs are turning out to be a big bust.