Al Gore and German energy comments

Al Gore posted the following comments on his blog and wrote that the failure of Congress to act is already costing our nation billions of dollars:

“Alternative energy investment prospects have shriveled in the United States after the U.S. Senate was unable to break a deadlock over tackling global warming, a Deutsche Bank official said.”

“You just throw your hands up and say … we’re going to take our money elsewhere,” said Kevin Parker in an interview with Reuters.”

“Parker, who is global head of the Frankfurt-based bank’s Deutsche Asset Management Division, oversees nearly $700 billion in funds that devote $6 billion to $7 billion to climate change products.”

2 Comments

  1. Congress deadlocking on anything doesnt surprise me in the least, especially trying to tackle an issue like renewable energy. With as many lobbyists and money being pocketed in Washington D.C. by the oil and coal industry… well lets just say they dont want to end up without any ‘representation’ in the capitol!
    I wouldnt bet $1.00 that the US government takes the lead on this. I think this will, more or less, be an individual race among the 50 states with California leading the way and then the rest of the western coastal states following. One would have to assume that states like California, Oregon, Washington and some of the western land-locked states have less to lose going with renewable energy sources (solar, wind, geo-exchange) than the coal mining states on the eastern seaboard. Im in no way in favor of putting Americans out of work but there has to be a good middle-ground. The United States is one of the last countries holding out on renewable and sustainable energy. We are so far behind most of the Scandinavian/European countries that we are losing sight of the big picture. With all the technological resources that we have in the US, its a complete laugh that several smaller countries are already, or mostly, self-sustainable when it comes to energy. Its not about the population of those countries, its about the will of those countries.

  2. Congress deadlocking on anything doesnt surprise me in the least, especially trying to tackle an issue like renewable energy. With as many lobbyists and money being pocketed in Washington D.C. by the oil and coal industry… well lets just say they dont want to end up without any ‘representation’ in the capitol!
    I wouldnt bet $1.00 that the US government takes the lead on this. I think this will, more or less, be an individual race among the 50 states with California leading the way and then the rest of the western coastal states following. One would have to assume that states like California, Oregon, Washington and some of the western land-locked states have less to lose going with renewable energy sources (solar, wind, geo-exchange) than the coal mining states on the eastern seaboard. Im in no way in favor of putting Americans out of work but there has to be a good middle-ground. The United States is one of the last countries holding out on renewable and sustainable energy. We are so far behind most of the Scandinavian/European countries that we are losing sight of the big picture. With all the technological resources that we have in the US, its a complete laugh that several smaller countries are already, or mostly, self-sustainable when it comes to energy. Its not about the population of those countries, its about the will of those countries.

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