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Posted Tue Mar 30 2010: from Bloomberg:
BP's Solar Retreat Signals Exodus of U.S. Renewable-Energy Jobs
BP Plc's decision to halt U.S. output of solar panels may help short-circuit President Barack Obama's plan to create thousands of jobs in renewable energy. BP, Europe's second-largest oil company, said March 26 that it's stopping manufacturing at its Frederick, Maryland, solar plant and cutting 320 jobs because of high costs and declining panel prices. The announcement came seven weeks after London- based BP said the division that includes solar and wind power was losing almost $183,000 an hour.... "We're creating green jobs, for sure, but they're in China or Malaysia or India," Maryland State Senator Alex Mooney, a Republican whose district includes the shuttered BP factory, said today in a telephone interview. "We're losing these valuable manufacturing jobs, and that's a concern."
[Read more stories about: alternative energy, economic myopia]
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