Wednesday, November 14, 2012

Why Obama's win won't help renewable energy



November 13, 2012 by Steve Hargreaves in CNN Money
Powerful forces are aligned against the renewable energy industries, that are likely to hold growth back.
NEW YORK -- Barack Obama's re-election may have seemed like a sure win for solar and wind power, given the President's history of supporting green energy.
But the optimism quickly darkened in the aftermath. In the days following the election, renewable energy stocks fell, along with the broader market.
The future isn't looking much brighter. Powerful forces are aligned against the renewable energy industries, that are likely to hold growth back.
 Worldwide, Bloomberg New Energy Finance is expecting to see a 12% decline in the growth rate for wind power in 2013 and an 8% ....

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