The WHOLE of the “green” and “climate” industries are nothing but crony capitalism. Nothing has come out of it. Well, except maybe Tesla Motors and it paid its loans back. Other than that, what do we see that is useful out of this government spending spree?
Besides oil and gas not a hell of a lot came out of the fortunes put into equally green energy schemes of the energy crisis.
Shale oil anyone?
Coal bed methane?
Syngas? Synthetic oil?
Just to name two that had billions (in today’s worthless dollars) poured into them.
How many of these green ventures and tech headliners will ever earn a fraction of their speculative market cap? I know one guy who is now a guest of the federal prison system invited by the SEC who once said that a stock company is the closest thing you can ever have to a printing press for money in the basement.