Skip to comments.Green technology loses luster amid shale boom [$90 Billion down a rat hole]
Posted on 10/22/2012 2:43:33 AM PDT by Cincinatus' Wife
The period around 2003 was the golden spring of green technology. John McCain and Joe Lieberman introduced a bipartisan bill to curb global warming. I got my first ride in a Prius from a conservative foreign policy hawk who said that these new technologies were going to help us end our dependence on Middle Eastern despots. You'd go to Silicon Valley and all the venture capitalists, it seemed, were rushing into clean tech.
From that date on the story begins to get a little sadder.
Al Gore released his movie "An Inconvenient Truth" in 2006. The global warming issue became associated with the highly partisan former vice president. Gore mobilized liberals, but, once he became the global warming spokesman, no Republican could stand shoulder to shoulder with him and survive. Any slim chance of building a bipartisan national consensus was gone.
Then, in 2008, Barack Obama decided to make green technology the centerpiece of his jobs program. During his presidential campaign he promised to create 5 million green tech jobs. Renewable energy has many virtues, but it is not a jobs program. Obama's stimulus package set aside $90 billion for renewable energy loans and grants, but the number of actual jobs created has been small. Articles began to appear in the press of green technology grants that were costing $2 million per job created. The program began to look like a wasteful disappointment.
Federal subsidies also created a network of green tech corporations hoping to benefit from taxpayer dollars. One of the players in this network was, again, Al Gore. As Carol Leonnig reported in The Washington Post last week, Gore left public office in 2001 worth less than $2 million. Today his wealth is estimated to be around $100 million.
(Excerpt) Read more at chron.com ...
Name one, Dave.
Green technology is still important. I'd support a carbon tax to give it a boost.
"The $683 million "Climate Solutions Fund" piece of GIM has made direct, minority investments in a number of cleantech firms including SolarCity, Tigo, Ausra, and SMA." Source Oct. 4, 2012
It irritates me to no end that the MSM holds this guy up as some sort of Conservative spokesman, when he’s nothing but a big tax-loving New York City liberal.
It's only a disappointment IF you think of it as anything other than a political payoff to big contributors. "Green energy" is massive bullsh!t (deliberate) If it costs more resources to produce than conventional energy, which it always does, then it isn't "green"
The $90,000,000,000 didn't just vanish. It was passed through 0bama supporter hands enabling them to accumulate wealth they would not have been able to accumulate in a free market because in a free market their products would not be purchased. It was really a forced transfer of wealth from those who earned it honestly to those who kissed 0bama's backside for it.
The New York Slimes plays propaganda games on multiple levels. David Brooks is a charlatan: “a person practicing quackery or some similar confidence trick in order to obtain money, fame or other advantages via some form of pretense or deception.”