The Cleantech Crash Uncle Sam Is No Venture Capitalist
On Sunday, 60 Minutes ran a segment highlighting recent struggles in the field of renewable technologies. The piece was, as one might glean upon reading its title, highly critical of the industry’s failures, and of our government’s role in funding some of these high-profile flops. If we’ve learned anything from flops like Fisker and Solyndra, it’s this: rather than directly funding companies looking to peddle cleantech, we should be funneling taxpayer money towards the research and development of the technologies that undergird the industry.
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