Wimpy Bush-Era Antitrust Rules To Go
Source: Reuters (5/11/09)
"China has emerged as a world leader in clean(er) coal."
The advances in clean(er) coal come as the once-bright solar industry feels the pain of the global credit crunch. The Wall Street Journal reports that government subsidies and private investment in solar projects has dropped dramatically in the past year. As a result, "sales of the tiny chips that convert the sun's rays into electricity are expected to drop by at least 20% this year," the newspaper writes. Even the Silicon Valley venture-capital community is starting to rethink the promise of green energy. "Venture capital is starting to move away from its infatuation with alternative energy and returning to one of its traditional strengths: applying information technology to improve the efficiency of energy consumption," the NYT writes.