As the U.S. economy continues to struggle, at best, many are returning to the notion that green jobs are the elusive answer to all of this. Let’s take a look at how that turned out for the state of Massachusetts.
Massachusetts is regarded as the poster state for liberal politics. As a pro-union state with state-run health care and a leader on the issue of gay marriage, it should come as no surprise that they embraced the movement for green jobs with open arms.
Massachusetts, determined to attract green industry jobs, lured Evergreen Solar to their state through massive tax subsidies, upwards in the amount of $58 million, which supported the construction and building costs of the factory. At the same time, the state signed on to the Regional Greenhouse Gas Initiative, known as RGGI, a Northeastern and Canadian province cap-and-trade agreement, to reduce greenhouse gas emissions from power plants.
Because of the nature of cap-and-trade agreements, the prices of electricity rose substantially in Massachusetts making it significantly more expensive to run a factory. Along with that, you have high costs in labor and high taxes, perpetuating the unfriendly business environment in Massachusetts.
Now, Evergreen Solar has declared bankruptcy. Coolerplanet.com reported that “The closing of the company’s plant will result in the loss of 800 jobs.” That would mean that the taxpayers of Massachusetts paid $58 million for phony jobs and a useless factory. In addition, as discussed on Fox Business, because the equipment is so specialized, it cannot even be sold to another solar factory. It is literally a heap of scrap, on the government, or really the people’s, dime.
‘“The bankruptcy of Evergreen Solar is another sad event for the Massachusetts company and highlights the folly of the Patrick-Murray Administration which has put government subsidies into their pet projects instead of offering broad based relief to all Bay State employers,” said Jennifer Nassour, head of the state GOP’ to the Boston Herald.
What’s more is that CBS has come to the aid of the Patrick-Murray Administration, and Evergreen Solar, by declaring with their headline “Why one (big) Solar Bankruptcy won’t trigger meltdown.” The article proceeds to defend this bankruptcy as an anomaly in the industry and not the general trend, saying “Evergreen Solar, like many businesses in an emerging industry, benefited from an initial surge, failed to adjust to market conditions and failed.” This fails to address the point, which is that the tax payers are fronting this businesses and are left with further unemployment, more government subsidies, and ultimately junk that cannot even be sold to others in the industry (see FOX Business clip). To have a mainstream media outlet coming to the rescue of the green industry, when it has clearly failed, is frankly dishonest reporting.