DOE to Romney: Clean Energy Creates Jobs, The Wind Industry Proves It
The U.S. Presidential Campaign season has hit full swing, with both candidates evangelizing their platform to the masses. The economy has proven to be the biggest talking point, and perhaps the most important issue in 2012 election.
Republican candidate, Mitt Romney, has heavily criticized the Obama administration for its failure to create jobs and turn the economy around. In particular, Romney has differentiated himself from the President in terms of his energy policy -- a key component to his jobs plan. The former Governor of Massachusetts has aligned himself completely with the fossil fuel industry, as highlighted by the recent unveiling of the new COALition for Romney.
The Obama administration has rebuffed the Romney and the Republican party's persistent attacks on clean energy -- primarily that it is a poor investment; one that yields little dividend on its dollar.
The latest defence was issued today be the U.S. Department of Energy. The DOE tweeted a photo (pictured above) contradicting Republican clean energy job claims. According to the DOE, nearly 70% of all equipment used in U.S. wind farms was manufactured domestically in 2011. This number is up from 35% in 2005. Even more, wind farm instalments accounted for 32% of all new electric capacity additions last year, representing $14 billion in new investment.
But, clean energy is an economic liability, right?
Image credit: U.S. Department of Energy
Energy Boom content is for informational purposes only and is not intended to be advice regarding the investment merits of, or a recommendation regarding the purchase or sale of, any security identified on, or linked through, this site.