Green Suicide: Heavy Industry Moves Investment

The New York Times, 25 October 2014

“We shift investment money from Europe into the U.S. as a consequence of the less competitive environment in Europe,” Harald Schwager, a senior member of BASF’s executive board, said in an interview. “Many European companies which are energy-intensive are finding out that the benefits of shifting investment from Europe to the U.S. are significant.”

California has been following the EU’s shift to alternative energy, and as a result the cost of energy is soaring and becoming less reliable, just like it is in Europe. The consequences in the EU is to shift investments to lower cost energy states in the US. California is not one of those states.

California’s political leaders have been promoting the European “going green” example for years. Now the consequences of going green are becoming clear, energy intensive companies are leave the EU. Will California’s energy intensive companies follow the EU example and move to lower cost energy states, joining the in a green suicide? Clearly the answer is yes.

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About Russ Steele

Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.
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One Response to Green Suicide: Heavy Industry Moves Investment

  1. Dena says:

    You forgot to mention the fact that the EPA will shortly be shutting down many of our coal fired plants over the next few years. Arizona already has one who’s closing may reduce the amount of water we can draw from the colorado river. The story is last winter we were one power plant failure away from a massive grid failure. Green power isn’t replacing power sources at the rate the EPA is closing them down. If we have another winter this year like the one we had last year, we may see the folly of the administrations power policies. I for one am happy I live in a warm climate but I lack a fire place or natural gas connection. My only saving grace is that I live 30 miles away from three nuclear reactors churning out power. Others may not be so lucky this winter.

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