Andrew Bounds of the Financial Times writes today in "Green laws ‘may harm Europe’s economy’" that Günter Verheugen, the EU's industry commissioner, is warning that “We have to recognise that ... our environmental leadership could significantly undermine the international competitiveness of part of Europe’s energy-intensive industries and worsen global environmental performance by redirecting production to parts of the world with lower environmental standards.”
I'm shocked! Shocked!! And here all this time I thought these new green technologies were going to give the European Union a competitive advantage versus the rest of the world when demand for these technologies skyrockets.
Well, at least all is not lost. I've invested the other half of my money in developing baseball fields in the middle of Iowa corn farms. Because, you know, if you build it, they will come and buy it.
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