Michigan’s bid for green economy faces hurdles
DETROIT Gov. Jennifer Granholm took to a conference stage this past week to sell a national audience on her vision of a green Michigan a state whose natural resources, hungry work force and empty plants can attract alternative energy jobs.
States must resist the "fallacy" that "so-called green jobs created by alternative-energy development will drive the economic recovery," said James Mulva, chairman and chief executive of Houston-based ConocoPhillips Co., one of the nation's largest oil and gas companies.
"In reality, these sources will cost more than fossil fuels; energy prices will rise," he said. "This could actually hurt the economy and cost jobs or make the U.S. less competitive than countries with cheaper energy."
The International Energy Agency predicts that between 2006 and 2030, worldwide energy demand will grow 45 percent and the sources of supply will remain largely as they are now.
Mulva said the nation "must develop a more diverse basket of energy supplies," but replacing fossil fuels would take "unimaginable effort" advancing the necessary technology, skilled labor and capital investment.