>Jim Chanos Trashes Solar Energy as ‘Hot Air
By Mary Pilon
Jim Chanos of Kynikos Associates (FYI — that’s Greek for “cynic”) and famed for shorting Enron took to the stage to talk about why he’s short green energy.In a presentation called “Alternative Energy: Does Solar + Wind = Hot Air?” Chanos joked he would “upset the greenies,” by arguing that while there’s a lot of enthusiasm about green energy, the companies in the sector today don’t yet solve those problems.
Wind and solar are “not capable” of real cost-effective ways of meeting energy demands, he says. “Wind and solar are not efficient.”As for job growth, he says that the boom of green jobs could be overblown, as most of the jobs generated are construction jobs, not in technology. “Put your hand on your wallet,” he says, as many of the green jobs are merely putting people back to work who were employed in housing.
https://blogs.wsj.com/deals/2011/05/25/jim-chanos-trashes-solar-energy-as-hot-air/
