Monday, July 11, 2011 5:46:32 PM
FROM SHELL OIL COMPANY:
It turns out shell oil has backed out of the alternative energy investments saying it is economically a poor investment.
"Shell will no longer invest in renewable technologies such as wind, solar and hydro power because they are not economic, the Anglo-Dutch oil company said today… The company said that many alternative technologies did not offer attractive investment opportunities. Linda Cook, Shell’s executive director of gas and power, said: "If there aren’t investment opportunities which compete with other projects we won’t put money into it. We are businessmen and women. If there were renewables [which made money] we would put money into it."
http://magniworkguide.com/is-the-notion-of-alternative-energy-being-economically-viable-wishing-thinking/
FROM CONNECTICUT STATE COMMISSIONER OF ENVIRONMENTAL PROTECTION:
On the day his nomination was confirmed by the House, the new commissioner of environmental protection told a green jobs conference Wednesday that he does not see alternative energy as economically viable in the near future.
"I don't see an alternative source that meets the test of economic viability," Daniel C. Esty said.
http://www.ctmirror.org/story/11891/esty
Raw
Research & analysis on some of my favorite stocks is located on the sticky note on the SwingTrade board.
http://investorshub.advfn.com/boards/board.aspx?board_id=1781
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