Siemens Chief Worried That The Gravy Train Is Slowing Down

He is concerned about the climate, and wants to save it by making $billions off windmill contracts.

The head of Munich-based Siemens AG (SI)’s U.S. unit said he is unhappy that federal energy policymakers in Washington are no longer focusing on climate change.

Eric Spiegel, chief executive officer of Siemens Corp., said a national strategy is needed to reduce clean-energy technology costs and find solutions for environmental risks associated with greenhouse gases. Siemens is making wind-turbine components in Hutchinson, Kansas, and is “well on track to become one of the world’s top three providers” of turbines, according to a statement in December.

Congress no longer seems interested in tackling the issue, Spiegel said today at a clean-energy conference in Washington.

“I’m pretty concerned about where we are on climate change,” he said. There were “billions and billions and billions of dollars” in projects waiting to go forward had Congress passed climate legislation, Spiegel said. The U.S. House passed climate-change legislation in 2009. The bill died in the Senate last year.

http://www.bloomberg.com/

About Tony Heller

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5 Responses to Siemens Chief Worried That The Gravy Train Is Slowing Down

  1. suyts says:

    Turns out, we’re more concerned about real problems. Sucks for the people in Hutch. Maybe they should’ve gotten behind the coal plant. Morons.

  2. Scarface says:

    As with in every scam: Follow the money.

    And this $iemen$-$marta$$ doesnt even try to hide the real reason for them joining the CAGW-scam. I hope he will spend a lot of time in jail, together with Al Gore.

  3. Latitude says:

    it’s a business…..

    getting money from government, is a business

  4. bubbagyro says:

    If they are a good idea, and they work, they will sell. If they are no good, or don’t pay for themselves, they won’t sell. Why do they need subsidies?

    I wanted to bring back hula hoops, but I realized that I would need to sell them for under $.10 to make it a product. My costs were $1.50. If I get $2.00 subsidies from the govt., I will do very well, and bring jobs to my community.

  5. Andy Weiss says:

    With $14+ trillion in debt and counting, the gravy train is going to run dry sooner or later.

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