More Green Fail in The News
04/17/2012 7 Comments
First Solar Inc. (FSLR), the largest thin- film panel maker, will cut 30 percent of its workforce, about 2,000 jobs, as demand in Europe slows faster than the company can expand in emerging markets in Asia. The shares surged.
Most of the jobs to be eliminated will be at a factory it’s closing in Germany and in Malaysia, where it’s idling four production lines, the Tempe, Arizona-based company said today in a statement. The company will pay $245 million to $370 million in severance and related costs.
A recent lengthy report by Reuters confirms what many conservatives have long known: President Obama’s promise to create millions of so-called “green jobs” has been a colossal and expensive failure.
A few highlights from the report:
1) Since 2009, the wind industry has lost 10,000 jobs, even as the energy capacity of wind farms has almost doubled. By contrast, the oil and gas industry have created 75,000 jobs since Mr. Obama took office.
2) “A $500 million job-training program has so far helped fewer than 20,000 people find work, far short of its goal.” The program was so bad that “the Labor Department’s inspector general recommended last fall that the agency should return the $327 million that remained unspent.” They didn’t. And now, the department “remains far short of its goal of placing 80,000 workers into green jobs by 2013.”
3) According to the Labor Department’s own figures, the push for so-called “green jobs” has been an abysmal failure. “By the end of 2011, some 16,092 participants had found new work in a “green” field, according to the Labor Department – roughly one-fifth of its target.”
Even with all this evidence, California under CARB’s guidance, continues to plunge forward into the green economy, seeking green jobs in alternative power.