Jeff Immelt - US Moving Far Too Slowly On Clean Energy - ENN

[hatrack]

GOLETA, California (Reuters) - The United States is in danger of falling behind other nations in reducing greenhouse gas emissions if both the federal government and Corporate America do not move quickly to support sources of clean energy, General Electric Co Chief Executive Jeffrey Immelt said on Wednesday.

During an appearance at the Wall Street Journal ECO:nomics conference in Goleta, California, Immelt said he doesn't understand critics of government tax credits for renewable energy sources such as solar panels and wind farms.

"For some reason we decide that energy is the one industry in the world where the only policy should be the price of a barrel of oil," Immelt said, adding that GE could always sell its products overseas if they aren't purchased here.

"If the U.S. isn't buying my wind turbines, there is going to be 8,000 megawatts (MW) installed in Turkey," he said. "I'll go there."

EDIT

http://www.enn.com/business/article/32869

[ReformedChris]

1. Jeffie: Your going to go Jack Welch and outsource any jobs created and put the credits into profits!

Gotta hit that 10% profit growth every year you piece of scum! Tax Credits are just another excuse to subsidize the profits of corporations. Make them pay for the environmental changes and reward them for it in other ways then taking money away from hardworking taxpayers. GE uses this Eco-Magination crap for PR purposes and to put a fresh coat of paint on a business that is littered with stupidity (GE-NBC-Universal) and cruelty (anyone have a GE-Money card? ""Shiver"")!

[European Socialist]

2. That's what happens when you have a criminal butthead...

in the Whitehouse and a horrendous,pathetic, and worthless Congress. It's almost too sickening to write about.