Read here. Another incredible example of big government 'green energy' failure. The green idiocy just begets more.
"Department of Energy officials gave a New Hampshire-based biofuel company access to $80 million for a Michigan project that has already fallen short of job creation expectations, despite receiving another $40 million in state and DOE subsidies...“In September 2008, Mascoma [Corp.] pledged 70 jobs at the plant by the end of 2012. On Feb. 29 of this year, Mascoma reported to the MEDC that only three jobs had been created by the grant,”..."
Read here and here. The Government Motors (GM) billion dollar+ electric vehicle (the Volt) is definitely not shocking the market. Obama's massive taxpayer funded EV is providing proof positive why government should not be involved in the private sector.
"It’s no longer even a real competition as the Leaf is beating the Volt more than 4 to 1. Chevy moved 302 Volts, Nissan sold 1362 Leafs. Nissan looks good by comparison to Chevy, but the number is still far short of their goal to sell half-a-million EV’s a year by 2013."
Then there has been the gawd-awful, continuous failed solar energy investments made by Team Obama. This week there came another announcement of a major taxpayer subsidized solar manufacturer being toast.
"The recent bankruptcies of solar companies Evergreen Solar and Obama extra-special-favorite Solyndra have cost taxpayers a combined $593 million. Now, the Obama administration is in the process of guaranteeing loans for $622 million more to new solar companies likewise destined to failure in competition with low-cost solar panels from China."
For taxpayers, the best way to protect themselves is to 'short' any company or industry that Obama anoints with tax monies - he is a sure bet for picking losers. Hey, a loser knows losers, no? W.P.E. yet?
Read here. Solon Solar is closing their Arizona plant. Green jobs lost will be 65. The company will move manufacturing to existing overseas plants.
""The Solon product we manufacture here in Tucson may have a better fit and finish than some others, but the market doesn't really value that," he said. "The market values a low price. We are going to stop beating our heads against the wall and say, 'How can we be smart strategically?' "
Just more evidence that the continuing hefty subsidies of "green jobs" by the Obama administration is a complete waste of tax payer monies.
Read here. (h/t Tom Nelson) In the realm of you-can't-make-this-stuff-up, more living proof, this time from Seattle, that the economic stimulus from "green jobs" is a con job that just about every skeptic pointed out. Yet, the mainstream press and your typical liberal/progressive/Democrat actually still believe in the green job fantasy.
This is a classic example of why taxes should be lowered and spending cut. If you provide too much tax money to politicians and entrenched bureaucracies, the money wasted on worthless programs grows exponentially.
"As of last week, only three homes had been retrofitted and just 14 new jobs have emerged from the program. Many of the jobs are administrative, and not the entry-level pathways once dreamed of for low-income workers. Some people wonder if the original goals are now achievable..."The jobs haven't surfaced yet," said director of Got Green, a community organizing group focused on the environment and social justice..."Who's benefiting from this program right now – it doesn't square with what the aspiration was..."I think what it boils down to is who's got the money.""
Read here. (h/t Tom Nelson) Enron alumni Jim Rogers is another "green" cap and trade lover who seems committed to destroying local environments for the sake of making a profit. If companies like Duke, and wealthy investors like Gore and Soros have their way, the world will be a barren wasteland because of the deranged profit incentive of anti-CO2 policies.
"Last year Duke sought permission from the North Carolina Utilities Commission to classify two of its coal-fired power plants as renewable facilities, because the company wants to burn a combination of wood chips and coal at the plants. NCUC determined the renewables statute allowed that “wood derived from whole trees in primary harvest is a ‘biomass resource’ and thus a ‘renewable energy resource,’” and therefore approved Duke’s application. Environmental Defense Fund and the NC Sustainable Energy Association – with Southern Environmental Law Center providing legal help – challenged the ruling, and the Court of Appeals sided with NCUC and Duke"
Read here. (h/t - Greenie Watch) 'Smart grids' - those wizbang technology marvels proposed by the electric utilities to save power and money could actually be too-clever-by-half and end up causing power grids to fail, MIT scientists are reporting.
"If everyone buys electricity when it's cheapest, could that cause blackouts in the same way as when everyone turns on their AC on hot days?...A new report from MIT says it's possible--if utilities aren't careful....Customers want to take advantage of low prices whenever they can--if they didn't, dynamic energy pricing wouldn't work. But if consumers respond to price fluctuations strongly (which they have to do in order to make any sort of difference in demand), the grid could grind to a halt."
Read here and here. Mitt Romney, leading GOP presidential hopeful, believes in the catastrophic global warming boogieman that the left/liberal/green machine has conjured up. Unfortunately for gullible Mitt and other big government 'tax & spend' supporters, the AGW boogieman and associated issues are primarily fabrications of the green progressives' anti-science - indeed, the liberals/progressives have a definite political agenda and real science is not going to stop them.
As scientists around the world have now come to realize, the extremist Greenpeace organization is the principal leftist entity behind the anti-science approach that is now devouring one of its own, the UN's IPCC, from the inside out.
The latest in a long line of embarrassing IPCC anti-science proclamations is the recent "research" claim that 80% of the world's energy needs in year 2050 could be supplied by renewable energy sources. Based on the known science of technology, engineering, economics, demographics, and combined with an improving standard of living for the world's masses, the 80% renewable solution is an impossibility.
Who authored this new bogus IPCC study? Well, the radical fanatics of Greenpeace, of course!
"It turns out the information the IPCC chose to highlight in its press release comes from a Greenpeace report – and that the person who wrote the Greenpeace report was also a lead author of the IPCC document...It could not be clearer that the IPCC still doesn’t understand some basic concepts. It is improper for the IPCC to base its conclusions on Greenpeace research. I mean, how hard is this? If the IPCC is a scientific organization, if it says it is conducting a scientific assessment it cannot rely on work that was in any way undertaken or funded by activist groups...It is also improper for Greenpeace employees to be IPCC lead authors. Period...At least one prominent individual on the other side of the climate debate – Mark Lynas – has publicly recognized how bad this looks...Nor does the IPCC understand that its credibility will continue to be non-existent so long as it continues to allow its own lead authors to pass judgment on research they themselves have authored."
"The public and policy-makers are starving for independent and authoritative analysis of precisely how much weight can be placed on renewables in the energy future. It expects more from IPCC WG3 than a karaoke version of Greenpeace scenario...Everyone in IPCC WG3 should be terminated and, if the institution is to continue, it should be re-structured from scratch."
Read here. The brilliance of big government politicians is always soooo stunning. Big corn business interests tell politicians that ethanol will cut oil imports substantially. Politicians believe the corporate types and the sleazy renewable energy investors (i.e., Gore, Soros, etc.), and thus give $7 billion per year in subsidies to these corn-geeks. Now after 10 years of this idiocy, corn ethanol production has increased dramatically but oil imports has increased even more - that's right, U.S. oil imports increased, despite the claims of the ethanol rip-off lobby.
And now the politicians and big government EPA bureaucrats want to subsidize the big corn investors even more by mandating the all U.S. gas have at least 15% ethanol, which will automatically decrease a vehicle's miles per gallon efficiency. Simply amazing.
It's time to escort the existing ruling class in Washington out the door this November.
"In the next few weeks, the Environmental Protection Agency is expected to rule on a proposal to increase from 10 percent to 15 percent the amount of ethanol that may be blended into gasoline.....Since the 1970s, Congress has justified subsidies to the corn ethanol industry with the oft-repeated claim that boosting domestic production of ethanol will increase America's energy security by reducing U.S. oil imports.....Between 1999 and 2009, U.S. ethanol production increased seven-fold, to more than 700,000 barrels per day (bbl/d). During that period, however, oil imports increased by more than 800,000 bbl/d.
Tax subsidies provided to corn ethanol producers have been larger than those given to producers of any other form of renewable energy.
Corn ethanol subsidies are now costing U.S. taxpayers about $7 billion per year, the Congressional Budget Office reported in July. The CBO found that producing enough corn ethanol to match the energy contained in a single gallon of conventional gasoline costs taxpayers $1.78.
Corn ethanol is a financially inefficient method of cutting carbon dioxide emissions, costing taxpayers $754 per metric ton of CO2 avoided, the Congressional Budget Office also reported."
Read here. The Mafia, or lawyers - hey....what's the difference? Because of their burning desire to save world's environment, everyone loves renewable energy's potential.
"Tennessee attorney gets 26-month sentence for defrauding biofuels subsidy program.....was indicted on ten counts of filing false statements to weasel $2.88 million out of the U.S. Department of Agriculture. Information contained within the falsified statements is not available to the public, but we assume that the charges somehow tie in with the company obtaining money from the government's subsidy program even though it did not qualify to receive it."