Getty Images

Green industries promise new jobs but Texas is still dominated by traditional energy.

Federal funds would be better spent on traditional jobs rather than those in “green energy” businesses, according to economists with the University of Texas Bureau of Economic Geology.

“We looked as objectively as we could,” said Michelle Foss, Chief Energy Economist with the Bureau. “And for quite a long time, for the foreseeable future, (Texas) would be losing more than gaining from any policy that caused a diversion of investment away from our traditional energy businesses and towards green energy businesses.”

Continue Reading →