'Green' Jobs No Longer Golden in Stimulus ; Environmental Projects Fail to Live Up to Hype

Summary


Noticeably absent from President Obama's latest economic- stimulus package are any further attempts to create jobs through "green" energy projects, reflecting a year in which the administration's original, loudly trumpeted efforts proved largely unfruitful.

The long delays typical with environmentally friendly projects - combined with reports of green stimulus funds being used to create jobs in China and other countries, rather than in the U.S. - appear to have killed the administration's appetite for pushing green projects as an economic cure.

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'Green' Jobs No Longer Golden in Stimulus ; Environmental Projects Fail to Live Up to Hype

After months of hype about the potential for green energy to stimulate job growth and lead the economy out of a recession, the results turned out to be disappointing, if not dismal. About $92 billion - more than 11 percent - of Mr. Obama's original $814 billion of stimulus funds were targeted for renewable energy projects when the me...

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