Why numerous failures in the green market won’t doom the industry
The businesses that were bailed out by the White House have come under assault by conservative blogs, news casts, and even radio shows. They claim that these very highly public cases mean that green energy isn’t the answer to our petroleum woes, or from non-renewable resources running out. Is it true, though? Do the failures of big businesses like Solyndra mean that the green energy market as a whole is crashing? Or are these just politically motivated attacks at the president?
The truth is somewhere in the middle. First off, every one of those articles is based on an accurate accounting of what happened to those companies. The people who ran them were bad at managing companies, and were often looting hefty sums from their businesses, and lining their pockets with bonuses. On the other hand, the businesses that are failing are only a sampling of the entirety.
While the political slanting of some of those blogs and news stories might drive Americans to think that the green energy market is drying up, nothing could be further from the truth. There’s still a high demand for goods and services produced in renewable industries.