Wednesday, February 28, 2007

Op-ed: "Pushing energy innovation"

Article calls on government to be catalyst for innovation

New energy sources are being given little more than "lip service" by the major energy companies in the U.S. This is the view expressed by EDWARD GOLDBERG in a recent op-ed article that has appeared in newspapers around the country (Cincinnati Post, Hampshire Daily Gazette, Salt Lake Tribune, and the Baltimore Sun).

He sees a role for government in pushing innovation in the energy sector:

"The energy majors know that if oil, year in and year out, remains cheaper than competitive energy products, there will be little pressure to invest in new forms of energy. And when the oil market falls, as it has for the last six months, it reinforces this corporate stagnation. Thus the urgent need for Washington to become the risk taker of last resort."