Didn’t President Obama say that all the high paying green job would create a stronger economy for the American people? How does he explain that the wind turbines for the massive Texas wind farm will be manufactured in China and not America?
Clean tech has seen a boost as the U.S. pours government funding into renewable energy, and China looks set to reap much of the benefits. Latest example: a Chinese wind-turbine company has just become the exclusive supplier for one of the largest wind-farm developments in the U.S.
The Shenyang Power Group has signed on to supply 240 of its massive 2.5-megawatt wind turbines to a 36,000-acre development in West Texas. The Wall Street Journal reports that the wind farm is also slated to receive $1.5 billion in financing from the Export-Import Bank of China.
Meanwhile, President Obama’s cap and trade plan will kill jobs in the coal industry.
Hat tip: Instapundit