The government should not be picking winners and losers in the market. From Watts Up With That? President Trump Cancels $700 Million of Battery Manufacturing Grants. The usual suspects are affected the most.
But two companies have vowed to push forward anyway.
What's this? The Market chasing ideas for technology development without government handouts?
Cancelling the grants pruned away the companies which weren’t confident in their business plan, and left the two companies which believe their battery investments will pay off.
Bringing sound economics to the renewable industry, or at least letting private investors carry the entire risk of green speculation, sure sounds like a win for US taxpayers.
The original article referenced by Watts Up With That?, is out of Australia. The author of that article, Joshua S Hill, is bent out of shape over the fact that the US isn't doing what the he wants.
Does anyone remember the battery-company grants handed out by Obama? I'm sure that Australian author doesn't. But then Joshua S Hill wasn't hit with a part of that the bill.
No comments:
Post a Comment
Comment Moderation is in place. Your comment will be visible as soon as I can get to it. Unless it is SPAM, and then it will never see the light of day.
Be Nice. Personal Attacks WILL be deleted. And I reserve the right to delete stuff that annoys me.