The Anonymous Widower

Forget Trump: The Private Sector Is Still Going Green

This is title of a piece by Irwin Stelzer in this week’s Sunday Times.

Read the article if you can. It talks about how large companies like Exxon and Shell and individuals like Bill Gates are putting prices on carbon and backing reliable clean energy.

The last paragraph sums it up nicely.

Presidents come and go. The private sector will be engaging in long-run research and long-lived investments, perhaps more efficiently than the government has been doing. The profit motive might just turn out to be more productive than the vote-getting or ideological motives of politicians.

I think he could be right!

Think of all those successful projects, that were were done without any Government support or blessing and think of all those government projects that sunk without trace taking millions of pounds with them.

And also think about all that legal money slushing around the world looking for a home in an innovation that will be a wothwhile investment.

March 28, 2017 - Posted by | Business, Finance, World | , ,

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