Comments on: UK cleantech industry gets £250m Qatar investment boost http://www.greenbang.com/uk-cleantech-industry-gets-250m-qatar-investment-boost_6223.html Sustainable Energy Insight Fri, 27 Jan 2012 01:18:08 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Liz Crosbie http://www.greenbang.com/uk-cleantech-industry-gets-250m-qatar-investment-boost_6223.html/comment-page-1#comment-5383 Liz Crosbie Wed, 05 Nov 2008 16:34:47 +0000 http://www.greenbang.com/?p=6223#comment-5383 Have I missed something. Seems rather odd that UK plc is very proud of itself for getting Gulf sovereign funds and oil economy money to invest in renewnable energy and cleantech here in the UK. Who will own that investment long-term? Will it be those that invent or those that bring the technology to the global marketplace? It seems that the economic return on our intellectual and physical resources is to be mortgaged long-term to the once oil rich. Have we leant nothing from the 70s when we failed to set up our own sovereign fund deal for North Sea Oil with the oil companies who then went to on make billions extracting UK plc's resources. The technology under discussion may be sustainable but the business plan clearly isn't. At least the incoming US president appears to understand that ownership and management of USA's natural resources could provide both jobs and economic and political security. The current strategy is deeply bankrupt of vision. If we need a collective mortgage could we at least make it a European one - Norway's sovereign fund spring to mind.<div class="comment-remix-meta"><a href="#" class="replyto" onclick="replyto('5383','Liz Crosbie'); return false;">Reply</a> - <a href="#" class="quote" onclick="quote('5383','Liz Crosbie','Have I missed something. Seems rather odd that UK plc is very proud of itself for getting Gulf sovereign funds and oil economy money to invest in renewnable energy and cleantech here in the UK. Who will own that investment long-term? Will it be those that invent or those that bring the technology to the global marketplace? It seems that the economic return on our intellectual and physical resources is to be mortgaged long-term to the once oil rich. Have we leant nothing from the 70s when we failed to set up our own sovereign fund deal for North Sea Oil with the oil companies who then went to on make billions extracting UK plc\'s resources. The technology under discussion may be sustainable but the business plan clearly isn\'t. At least the incoming US president appears to understand that ownership and management of USA\'s natural resources could provide both jobs and economic and political security. The current strategy is deeply bankrupt of vision. If we need a collective mortgage could we at least make it a European one - Norway\'s sovereign fund spring to mind.'); return false;">Quote</a></div> Have I missed something. Seems rather odd that UK plc is very proud of itself for getting Gulf sovereign funds and oil economy money to invest in renewnable energy and cleantech here in the UK. Who will own that investment long-term? Will it be those that invent or those that bring the technology to the global marketplace? It seems that the economic return on our intellectual and physical resources is to be mortgaged long-term to the once oil rich. Have we leant nothing from the 70s when we failed to set up our own sovereign fund deal for North Sea Oil with the oil companies who then went to on make billions extracting UK plc’s resources. The technology under discussion may be sustainable but the business plan clearly isn’t. At least the incoming US president appears to understand that ownership and management of USA’s natural resources could provide both jobs and economic and political security. The current strategy is deeply bankrupt of vision. If we need a collective mortgage could we at least make it a European one – Norway’s sovereign fund spring to mind.
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