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The Grid: Energy, Resources, Environment, Sustainability | Bloomberg

Wind Jobs Versus Spending Cuts: Hot off the Griddle

Good afternoon, and welcome back to the Griddle, a menu of fortified items for the busy person's media diet. Much of the 2012 U.S. presidential election cycle has focused on one word -- jobs -- and the rival approaches that might best relieve the nation's 13 million unemployed. Employers are watching. Vestas, the world's largest wind-turbine manufacturer, announced a major restructuring this week, eliminating 2,335 jobs. The Danish company has threatened to fire an additional 1,600 U.S. workers if Congress does not extend a wind-industry tax credit. That treatment is a blow to the president's 'green' bona fides and puts Republicans in the position of having to choose between jobs and using federal spending to keep them. CEO Ditlev Engel told Bloomberg News he'll take his cues from Washington: "We will evaluate it during 2012 depending entirely on how the political situation evolves."

And now, the week's best of Bloomberg Sustainability:

Child Labor Picking Cotton for Victoria’s Secret Under U.S. Investigation
How Bloomberg Found Children Picking Fair-Trade Cotton
Water Risk in Supply Chains Draws Investor Scrutiny
Fracking Moratorium Urged by U.S. Doctors Until Health Studies Conducted
U.S. Shale Bubble Inflates After Near-Record Prices for Untested Fields
Clean Energy Investment Rises to $260 Billion
Gas Boom Has Youngstown Making Steel Again
Hybrids in U.S. Lose Appeal to Gas-Efficiency
Why Companies Acquire Their Supply Chains: Business Class
Super Fracking Goes Deeper to Pump up Natural Gas Production

Visit bloomberg.com/sustainability for the latest from Bloomberg News about energy, natural resources and global business.

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