Every form of ‘cleantech’ is made from high-demand fossil fuels. “Smart Prosperity’s report lacks context and is misleading. We wonder why.
Calgary, Alberta, Canada (PRWEB)
May 04, 2017
Friends of Science Society has issued a new report entitled “Grounded in Reality” that rebuts the recent claims of the Smart Prosperity Institute’s April 2017 policy brief “Accelerating Clean Innovation in Canada” that proposes cleantech as an economic driver and means to stop climate change. Friends of Science Society says these premises are flawed.
“Cleantech and decarbonization are the Holy Grail of investment and government subsidy hype,” says Michelle Stirling, Communications Manager for Friends of Science Society, “but practically speaking there have been numerous catastrophic failures of cleantech in recent years, both as investments and as subsidized programs.”
Smart Prosperity Institute bills itself as a policy think tank based at the University of Ottawa claiming it delivers world-class research.
Friends of Science Society says Smart Prosperity makes an illogical leap between the economic and cleantech success of certain countries, and assumes the potential for the same result in Canada without examining the context.
In a March 25, 2013 Wall Street Journal interview, Joseph Dear, the former CIO of CalPERS called cleantech a ‘noble way to lose money.’
“Our report – “Grounded in Reality” – looks at some of the key success factors of nations like Finland, Israel, Denmark and Sweden which feature ‘cluster’ qualities touted by Harvard economist and author Michael Porter as competitive factors…