Mr. “Ecomagination” — GE’s CEO Jeffrey Immelt — called on the U.S. to put a long-term price on carbon so this country could compete with China in being “green, green, green, green – four greens,” according to a news article today in Bloomberg.
In his speech, the article notes, Immelt said that a carbon pricing scheme would create jobs:
The U.S. needs to establish a “long-term price signal” on carbon emissions, in order for companies to provide “appropriate funding for innovation” regardless of fuel, as well as revive nuclear energy. Such moves would create jobs rather than shift them overseas, Immelt said.
So taxing energy use — raising the price of energy — will be a job stimulator. Doesn’t sound like it, if he has in mind a cap-and-tax scheme. (Here’s also a useful primer on costs of global warming policies.)
Immelt seems to be emulating the fictional “thought bullet” leader Martin Lukes, who plunged to his death recently in the Financial Times. Lukes’ most notable contribution to corporate management was “creovation”-combining creativity and innovation, which, according to Lukes’ obituary (registration required) was the basis for GE’s “ecomagination” emphasis. (Satire, of course.)
According to some reports, Immelt may be a candidate to replace Larry Summers as chief economic advisor to President Obama (not a satire). If so, expect lots of “thought bullets” a la Lukes.