I wanted to bring to the attention of our readers an illuminating interview that the Wall Street Journal’s Alan Murray and Kimberley Strassel conducted with GE CEO Jeffrey Immelt this week.
In the interview, available here, Mr. Immelt covers a wide variety of energy and environmental topics from a capitalist perspective. It’s fascinating to read his take on carbon caps, production tax credits for wind power production, alternative energy technologies, and nuclear power, and how GE and other American companies can make big money in these areas, all while helping the environment. His confidence that green technology can be a valuable U.S. export is also encouraging. Indeed, he says that of the $16 billion in “Ecomagination” products that GE will sell in 2008, $3 billion will be sold in India and China.
Immelt isn’t the head of some niche energy outfit or green startup, he’s the CEO of General Electric-what he says, and what his company does, will have a significant impact on energy issues and the U.S. economy. It’s good to see that the risk he took in helping to form USCAP, and GE’s investments in alternative energy technologies, are starting to pay off. As Immelt says, “green is green.”
This entry was posted on Thursday, March 27th, 2008 at 12:04 pm and is filed under Alternative Energy Technology, Cap and Trade, Eco-Business Strategies . You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
March 28th, 2008 at 2:26 pm
Truly, a frank interview — thanks for the catch.