Exodus to the Land of Clean Technology
The Jews' exodus from Egypt isn't the only one garnering some attention this week. BusinessWeek reports that BP is going the way of other solar panel producers (Evergreen Solar announced its moving plans earlier last week) and packing up its domestic manufacturing and moving to China - where public investments in clean tech lead to cost reductions that have not been matched domestically despite stimulus dollars.
In Asia, "not only do you get cheaper labor but you also get major tax breaks just not happening here," Bencik said. "They're not getting the same incentives here in the states as elsewhere, and that's pushing these positions overseas."