China overtakes the US in renewable energy investment but hey, we might have stopped the bleeding in the Gulf!
by Mike Gaworecki
July 15, 2010
Today the big news is that BP thinks it has finally managed to cap the well that has spewed as much as 184 million gallons of oil into the Gulf of Mexico. Now, of course, we’re all waiting anxiously to see if the cap BP placed over the well will be able to contain the oil, or if it will spring a new leak and begin gushing even more oil into the Gulf.
It’s great that BP might at last have stopped the bleeding. But compare this to another less-noted bit of news: It was announced today that China has officially overtaken the USA as the world’s leading investor in renewable energy.
Nothing could paint a starker picture of the state of energy in America. Fossil fuels companies and their lobbyists have a stranglehold on our energy policy, and we’ve failed miserably to move off of their dirty product even as reckless companies like BP and Massey Energy have destroyed lives and livelihoods across the nation in their pursuit of profits. We’re reduced to hoping a thoroughly negligent oil company has finally managed to contain a disastrous leak — which nonetheless has already done untold damage that will affect the Gulf region for decades — as our global competitors quietly pass us by in ushering in the coming clean energy revolution.
We’re falling behind. Renewables are the way of the future, no matter how many fossil fuels lobbyists there are trying to convince our elected officials otherwise. China knows this, and is aggressively pursuing renewable energy.
When will we wise up?