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Politics : Politics for Pros- moderated

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From: LindyBill	8/24/2007 10:13:46 AM
	of 793799

Yeah, it's about green — THE green: BIZZYBLOG "Democrats in $7bn plan to turn US green America's politicians are waking up to the moneymaking and job creation possibilities of combating global warming and challenging the Bush administration to invest in a new generation of "green-collar" jobs. The Democrat-controlled House of Representatives wants to spend almost $7bn (£3.5bn) in the coming year to reduce the nation's enormous carbon footprint. This has put it on a collision course with the White House, which remains in denial about the dangers of global warming. A major clash is expected between the White House and Congress in the autumn, with President George Bush sceptical of the Democrats' newfound enthusiasm for the environment. The best way to reduce America's dependence on foreign oil is to drill for more, he believes." Never mind the globaloney/Big Oil distractions in the article. Hundreds of existing and new companies are investing billions in potentially moneymaking initiatives every day. Internal projects at companies are known in the corporate world as "capital projects." These capital projects must be justified on their ability to pay for themselves in a reasonable amount of time. Many of these happen to be aimed at reducing fuel and utility costs. That would make such projects "green initiatives" that also happen to have a "green" payback. Many of these initiatives require going to start-up and other companies that have developed the equipment and services involved in making these capital projects work. As these providers grow, they provide the jobs and profits to employees and shareholders/owners that Congress says it desires — but without congressional intervention. How 'bout that? What Congress is proposing to do with tax dollars would not be subject to the payback rigors companies must impose on themselves to stay in business and grow. Congressionally authorized "green," like Congressional pork, would more likely than not end up in the pockets of favored constituents and companies good at playing the lobbying game, while the environmental "green" accomplishments coming out of these initiatives probably will (if anyone even bothers to check up on them) be negligible at best. bizzyblog.com

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