According to a WSJ article, Vesta, an European wind energy producing company, is planning to cut 3,000 jobs because they aren't making a profit. They are also claiming that it's to increase competitiveness. It is one of the world's largest provider of wind energy. However, they are unwilling to show the projected profits for the incoming year.
This scares me because I feel like the hopes of advancement in the renewable energy is going down. I would think that people would invest more money into these companies due to all the ethical issues they have created. For example, another WSJ article states that Massey Energy has lost $41 million dollars because of an explosion that killed 29 miners. If both renewable and nonrenewable energy are not making a profit, then what is? Maybe this is actually an indication that our economy isn't recovering?
Nice article Amy.The 'green movement' is simply in the growth stage at this point in time. It is simply trial and error. Wind, geothermal, and solar are still in their infancy and unti a more efficient method can be created to exploit these sources it will remain unproductive.
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