Friday, December 23, 2011

Climateer Line of the Day: Say it With a Straight Face Edition (GE; PHG)

From Investors Business Daily:
...In 2007, Philips urged an incandescent ban as a way to force the market toward high-efficiency bulbs, complaining that without such laws, "purchase price and functional performance often take precedence over environmental concern."...
I am reminded [of course -ed] of our July 2007 post "GE gets grant to install GE solar panels on GE headquarters":
The PR flack was quoted as saying:

“It’s a good demonstration project for the technology,” O’Toole said.
Asked why a large, profitable corporation like GE would need financial help from the state, O’Toole said one reason “is to show you have to invest in new technologies. Companies cannot do it alone.”

In other GE news, spokesmen did not comment on whether PR spin could be harnessed as an inexhaustible and eternal source of power....
The headline quote is from IBD's "Shining A Light on Crony Capitalism"