Also known as Getting Green(tm), or the means to transform the way a region (or country, or planet) is powered:
WASHINGTON — Google and a New York financial firm have each agreed to invest heavily in a proposed $5 billion transmission backbone for future offshore wind farms along the Atlantic Seaboard that could ultimately transform the region’s electrical map.
The 350-mile underwater spine, which could remove some critical obstacles to wind power development, has stirred excitement among investors, government officials and environmentalists who have been briefed on it.
Google and Good Energies, an investment firm specializing in renewable energy, have each agreed to take 37.5 percent of the equity portion of the project. They are likely to bring in additional investors, which would reduce their stakes.
So, in the span of a week PK writes about the non-existent stimulus spending, and the tunnel that won’t be built (not in a day, not in a year or 10) and so we should begin to get a genuine idea of what a lack of progress looks like by now – with more where that came from. But the problem is one of perception and purposeful misunderstanding. We’re basically using money as prism but seeing all the wrong things through it. Yes: projects are expensive. But they put people to work and we have no other choice but to constantly improve and fine-tune our physical infrastructure anyway. And while it’s easy to demagogue supposedly high-dollar fiascos like the financial bailout of last year, how about recognizing the fact that it will actually cost $0? Why, you ask? Now you’re getting green.