GE Decides to Dump Offshore Wind-Power Plans Despite Collecting Millions in Stimulus

[FastTadpole]

Quote:GE Decides to Dump Offshore Wind-Power Plans Despite Collecting Millions in Stimulus Funds for Wind Projects
Posted by Jim Hoft on Saturday, September 10, 2011, 4:12 PM

GE CEO Jeffrey Immelt, the head of Barack Obama’s Economic Advisory Panel, was invited to sit with the First Lady during the president’s speech to Congress this past week. He’s been a strong supporter of the president since he took over the White House and his companies have received plenty of government funds as well.

First lady Michelle Obama (4th L) and Vice President Joe Biden’s wife, Jill, (2nd R) clap from the front row of the First Lady’s Box before the start of President Barack Obama’s address to a joint session of Congress on Capitol Hill in Washington September 8, 2011. Others in the box are: (top row 3rd L- 2nd R) General Electric CEO Jeffrey Immelt, American Express CEO Kenneth Chenault, AOL co-founder Steve Case, Permac Industries CEO Darlene Miller and Maryland Governor Martin O’Malley, and (front row L-R) Philip Maung, Gracey Ibarra, Kelcie Fisher,Obama, Joseph Kidd, Biden and Marlena Clark. (REUTERS/Jim Bourg)

GE was awarded 44 contracts totaling over $46,000,000 and 44 grants totaling more than $79,000,000 from the Obama-Pelosi $757 billion dollar stimulus package. Millions of dollars in stimulus funds were used by GE in green energy projects.

Today GE announced that it was going to gut its offshore wind-power plans.

Forbes reported:

General Electric, the U.S.-based industrial giant and leading manufacturer of wind-power turbines, is scaling back efforts to expand its presence in the offshore wind power market.

The rationale: there is no meaningful offshore wind market to speak of – at least not yet.

Given slower-than-expected industry growth, the offshore market may not mature as rapidly as many wind boosters once believed.

In 2009, GE moved into the offshore market by acquiring Norway’s ScanWind, a developer of direct-drive turbines, based in the city of Trondheim.

GE is considering laying off about 40 employees in Norway as it scales-back its offshore operations there, according to reports in Recharge. The company has also suspended plans to construct a manufacturing facility in the United Kingdom indefinitely.

Immelt also said the stimulus would work way back in April 2009.

http://www.thegatewaypundit.com/2011/09/...rate-9-11/

Related, from a Canadian angle:

Green Subsidies and Grants in Canada - $3.6B to Big Oil CCS; $10B to Samsung Wind
http://concen.org/forum/showthread.php?tid=30591

How is this Wind Power technology working out now, I haven't heard anything significant since late 2007?

Maglev Wind Turbines Extremely Efficient
http://concen.org/forum/showthread.php?tid=12618

[zapoper]

Not surprising. The whole thing is a scam and the CO2 idiots don't even know that they are participants in it.

Green bullshit rubbish.

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OH! don't forget to bring your little cotton bag to the grocery store like a good little slave. You will save the planet now that you know that it's all your fault.

[FastTadpole]

(09-12-2011 09:38 PM)zapoper Wrote:  OH! don't forget to bring your little cotton bag to the grocery store like a good little slave. You will save the planet now that you know that it's all your fault.

Ah yes the green guilt angle that has become a three pronged beast of religion, a science and an education program.

As for cotton bags, they seem to be a breeding ground for bacteria unless you wash them regularly but that would be using detergents and precious water resources I suppose we should kill ourselves to preserve the planet.

I just use my 80 gallon backpack for groceries and wipe it down every so often. My father was a meat cutter for 35+ years and they used sawdust now it's a daily wipe down with anti-bacterial cleaners. It comes down to a prous growth medium that can trap moisture. That's what makes isopropyl alcohol such a good disinfectant it sucks moisture from the surface and straight out of the organism/cell.

If you use something strong enough it does not create superbugs (that's reserved mostly for antibiotics and some weak antibacterial disinfectants). Think about it - can humans develop a resistance to bullets between the eyes?

/offtopic

[zapoper]

FastTadpole

When they ask me if I want a bag, I just say: Sure, I don't feel like saving the planet today.

They all look at me as if I was a bad mofo. It always makes me laugh.

Corporations did the bad deed in the first place. Why would the little slaves pay for it. I wasn't in the CEO's room when they decided to make plastic bags that hurt dolphins and what not.

Get the fuck out of my face with your brainwashed green agenda shit.

I DID NOT DO IT, I AM INNOCENT!

[thokling]

Trusting a corporation to keep its word? Barnum said there was a sucker born every minute, but after a significant growth in population, one may safely say it happens considerably closer to every second.

Re: Environment: Some local GVRD, BC, markets have begun charging 5 cents per shopping bag. Safeway doesn't, as the cost is worked into the prices. Plastic bags are biodegradable, trees and plants are sucking up the excess carbon dioxide, and tree farms help to prevent clearcutting.

Fear only serves the corporations making money off of it.

Regarding GE, only one word sums this up: SUCKERS.