Perhaps the most common refrain in the clean energy industry is this: Why isn’t the US taking a leading role? Why are countries all over the world leap-frogging us Americans in this critical arena?
Of course our own Bill Paul talks about this constantly – but so do many others. Green Chip Stocks’ Nick Hodge notes:
Perhaps the best example is Papua New Guinea (PNG), where ExxonMobil (NYSE: XOM) is leading a $15 billion project to bring the county’s 22.5 trillion cubic feet of natural gas to market. But PNG doesn’t want the gas… They want the revenue from the gas to build out clean infrastructure; harnessing their hydro, geothermal, and biomass resources as they sell the gas to the U.S. and the rest of the world. The message is clear: You guys go ahead and waste time with coal and oil. Pay us for it while we beat you to a clean energy future.
Perhaps there is more complexity here than I can see from where I sit. But I don’t think I’m going too far out on a limb when I suggest that the answer to this issue lies in the disgusting bickering and backbiting that lies at the core of the way in which our leaders get things done in Washington. If one side of the aisle wants it, the other side is forced to oppose it. That’s just sickening.
And until we find a way to reform the entire process by which political campaigns are financed, prohibiting corporations from making massive contributions that effective purchase the will of our leaders, there is, in my estimation, no possibility of improvement. Yet, as I noted here, the Supreme Court doesn’t seem to see the issue the way I do. I hope folks will comment on this.
In any case, as the late Robert Byrd said, decrying the partisanship that polarized what had earlier been a friendlier and more honest Senate, “The current system is rotten. It’s putrid. It stinks.”