“A dinosaur cannot save itself from extinction by mating with a rodent,” Exelon CEO John Rowe told the Chicago News Cooperative, explaining why Exelon has not invested more aggressively in new-energy technologies like wind and solar.
Paul Chesser writes at NLPC.org:
It’s clear that the alternative energy industry – primarily wind, solar, energy storage and electric vehicles – are not about the viability of their businesses, but about grabbing as much public money while the spigot is open. John Rowe, the outgoing CEO of Midwest utility Exelon Corporation, adds a dose of reality about renewables.
“A dinosaur cannot save itself from extinction by mating with a rodent,” he told the Chicago News Cooperative, explaining why Exelon has not invested more aggressively in new-energy technologies like wind and solar.
Alternative energy companies have plenty of money at their disposal from private investors, and don’t need to extract more contributions from taxpayers. If they can’t survive with the large infusions they already get from venture capitalists, plus sales of their own products, then they don’t deserve to survive.
The truth is, most of those investors are involved in alternative energy schemes because of the public money, which is the real reason that government incentives should be ended.