New York State has launched a “Green Bank” — a government-funded financier of green-energy-type projects.
1) This is New York State.
2) This is a government agency funding private businesses.
3) This is in a sector where profits already are tied up with politics.
4) This is in a sector in which people are always promising the next miracle fuel/technology.
Therefore: I predict we get an ugly cronyism/corruption scandal related to the NY Green Bank within two years.
