Irony for GE CEO: Green is not much green

March 6, 2009

GE CEO Jeff Immelt is fond of saying that “green is green,” apparently in hopes that his corporate greenwashing and lobbying for global warming regulation would be profitable.

But as GE’s stock price closed yesterday at $6.66, its lowest value since 1992 and about 10 percent of its peak value, the Washington Post point out in a front-page, above-the-fold story that:

The price of a GE share, $6.66, was less than the cost of a single compact fluorescent light bulb.

Question of the Day:

Which will last the longer?

  1. Jeff Immelt’s tenure as GE’s CEO, or
  2. A GE light bulb

Steve Milloy’s new book “Green Hell: How Environmentalists Plan to Control Your Life and What You Can Do to Stop Them” spotlights GE’s dubious effort to go green.

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