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Keyword: greenenergy

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  • Solar power company banks on loan, but skeptics question government investment in industry

    09/30/2012 11:50:11 AM PDT · by jazusamo · 4 replies
    Fox News ^ | September 30, 2012 | Dan Springer
    The federal government is making another big bet on solar panel manufacturing with taxpayer money, hoping the third time will be the charm. SoloPower held its grand opening Thursday in Portland, Ore., with speeches from local politicians and a ribbon-cutting. "It really revolutionizes rooftop applications, and it makes solar both easy and cost effective for nearly any commercial and industrial building worldwide," CEO Tim Harris said. SoloPower closed on a guaranteed government loan of $197 million last August, about the time another solar panel manufacturer, Solyndra, filed for bankruptcy. The failure of Solyndra cost U.S. taxpayers more than a half-billion...
  • Taxpayer-Funded EV Company Abandons IPO It Thought Would Save It (Obama/McCaskill EV scam)

    09/24/2012 8:53:13 AM PDT · by jazusamo · 5 replies
    National Legal & Policy Center ^ | September, 24, 2012 | Paul Chesser
    The failing British electric vehicle company that pretended to become an American one in order to save its U.K. investors has scrapped its planned initial public offering that it hoped would save it in Kansas City. Smith Electric Vehicles , recipient of $32 million in taxpayer stimulus, had reportedly fantasized it would raise $76 million (down from $125 million) via an IPO by selling roughly 4 ˝ million shares at $16 to $18 each. CEO Bryan Hansel bowed to reality Thursday night and rescinded those plans. “We received significant interest from potential investors,” he said in a statement. “However, we...
  • Is President Obama waging a 'war on coal'?

    September 24, 2012 Is President Obama waging a 'war on coal'? House votes to ease environmental regulations on industry
  • Siemens Layoffs: Wind energy company to lay off 400 at Fort Madison, Iowa, wind turbine blade plant

    09/20/2012 8:57:02 PM PDT · by smokingfrog · 55 replies
    abc news ^ | 18 Sept 2012 | AP story
    Wind energy equipment manufacturer Siemens Energy Inc. will lay off 615 workers in Iowa, Kansas, and Florida in part because Congress has not renewed a tax credit for wind energy, the company said Tuesday. Siemens said the biggest job losses will come in Fort Madison, Iowa, where 407 workers at a wind-turbine blade factory will be out of work. About 220 workers will be retained at the plant to support ongoing operations, spokeswoman Melanie Forbrick said in a statement. About 146 workers are affected in Hutchinson, Kan., leaving 152 still working. In Orlando, Fla., about 62 workers will lose their...
  • Coal: The Rock That Burns

    09/19/2012 12:12:47 PM PDT · by Coleus · 12 replies
    The New American ^ | 03.07.12 | Ed Hiserodt
    “Load sixteen tons, and what do you get? Another day older and deeper in debt… ” — Tennessee Ernie Ford Coal is very low on the scale of subjects for ballads or charming folklore. Like Rodney Dangerfield, it just doesn’t get any respect. What does a naughty boy get in his Christmas stocking? A lump of coal. As a career, few brave souls outside Appalachia would have a goal in life of riding a rail car several miles — down several thousand feet below the surface — to attack the “face” of a coal seam. The thought terrifies me —...
  • THE WAR ON COAL

    09/18/2012 1:07:15 PM PDT · by neverdem · 19 replies
    Human Events ^ | 9/18/2012 | Audrey Hudson
    Coal miners listen to U.S. Republican presidential candidate Mitt Romney in Beallsville, Ohio. Allen Black is a casualty in the Obama administration’s war on coal.He worked in the coalfields of Eastern Kentucky for two decades earning upwards of $70,000 a year and was financially secure enough to help support his son’s pre-medical studies at a private university.After losing his job on April 29, Black had no choice but to clear out his retirement savings to supplement his only income of $350 a week in unemployment and is now struggling to take care of his family at home, in addition to...
  • There goes the biofuels $21 billion dollar industry: Reality bites in EU draft

    09/13/2012 8:45:02 AM PDT · by Ernest_at_the_Beach · 12 replies
    JoNova ^ | September 12th, 2012
    From Charlie Dunmore, Reuters: E xclusive: EU to limit use of crop-based biofuels – draft lawAnother green goodwill project (that just happens to be worth billions) is facing the bad news that the bureaucrats are fingering the axe. A leaked EU proposal to cut public subsidies to biofuels is quite a u-turn. Only three years ago the EU raved about biofuels. The plans also include a promise to end all public subsidies for crop-based biofuels after the current legislation expires in 2020, effectively ensuring the decline of a European sector now estimated to be worth 17 billion euros ($21.7 billion) a...
  • List of Failed Obama Green Energy & Solar Companies in the Billions (useful info)

    09/13/2012 8:33:39 AM PDT · by bronxville · 12 replies
    Divided States ^ | 09-11-2012 | Staff
    [...] List Of Failed Green Energy Jobs & Companies... 7/19/12: The Amonix Solar: FAIL – manufacturing plant in North Las Vegas, subsidized by more than $20 million in federal tax credits and grants given by Obama Administration, has closed its 214,000 square foot facility a year after it opened. Solar Trust of America: FAIL - Filed Bankruptcy in Oakland, CA, April 3, 2012 – On April 2, 2012 Bright Source: FAIL - Bright Source warned Obama’s Energy Department officials in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would embarrass the White House and force the...
  • ENVIRONMENTALISTS OPPOSE OBAMA PLAN TO DEVELOP SOLAR ENERGY

    09/13/2012 2:25:51 PM PDT · by neverdem · 24 replies
    Human Events ^ | 9/13/2012 | Audrey Hudson
    The Obama administration has identified 285,000 acres of western public lands on which to create solar zones and develop the alternative energy source, but the plan faces opposition from environmentalists who say it will harm the planet. The blueprint for the solar energy zones calls for 17 large-scale projects that it predicts would create 5,900 megawatts of energy to provide electricity to nearly two million homes. “Developing America’s solar energy resource is an important part of President (Barack) Obama’s commitment to expanding American-made energy, increasing energy security and creating jobs,” Energy Secretary Steven Chu said in a statement announcing...
  • GM Admits There's No Market for Chevy Volt (Dealer tax credit, lease scam)

    09/13/2012 10:28:48 AM PDT · by jazusamo · 29 replies
    National Legal & Policy Center ^ | September 13, 2012 | Mark Modica
    A Reuters' article earlier this week created quite a buzz when it suggested that General Motors was losing $49,000 on every Chevy Volt sold. While many continue to debate just how much money GM loses on the politically-motivated car, a more important story on the Volt was reported by Automotive.com last week which explained the increase in August sales numbers for the vehicle. The piece exposes how GM (along with taxpayers) is heavily subsidizing leases and even gets an embarrassing admission from GM on the struggling Volt that, "The whole idea is we're creating a market." And this blockbuster,...
  • Another U.S. Solar Manufacturer Shuts Down

    09/12/2012 8:21:26 PM PDT · by bruinbirdman · 12 replies
    Forbes ^ | 9/12/2012 | Todd Woody
    After raising more than $100 million over the past seven years, GreenVolts, a California startup that makes concentrating photovoltaic systems, has closed its doors after a major investor abruptly withdrew financial support for the company. “A sudden, and unexpected, change in direction from a major strategic investor has affected GreenVolts’ access to funding,” the company said Wednesday in a statement, referring to ABB, the Swiss power and automation giant. “The impact was at the last minute and so severe that GreenVolts cannot continue normal operation and has reduced its workforce to a small team to provide customer support and engage...
  • Dem lawmaker (Cummings) slams Issa for sending US Marshals to serve subpoenas (green energy loans)

    Dem lawmaker slams Issa for sending US Marshals to serve subpoenasBy Ben Geman - 09/11/12 10:08 AM ET Rep. Elijah Cummings (D-Md.) says House Oversight and Government Reform Committee Chairman Darrell Issa (R-Calif.) is conducting his probe of federal green energy project loans with bullying tactics and November’s elections in mind. Cummings, the panel’s top Democrat, sent Issa a letter Monday slamming a dozen subpoenas issued last week to current and former Energy Department employees and contractors, which included use of armed U.S. Marshals to serve subpoenas at the Energy Department (DOE). The Maryland Democrat called it “intimidation,” and said...
  • Chinese Solar Company Learns Cronyism with Harry Reid

    09/10/2012 12:04:42 PM PDT · by jazusamo · 7 replies
    National Legal & Policy Center ^ | September 10, 2012 | Paul Chesser
    A solar company project that Senate Majority Leader Harry Reid successfully lured to Clark County, Nev. – where his son Rory was a former commissioner and now lobbies on behalf of the Chinese company that owns it – now wants the dominant utility in the state to buy its electricity. said in a July 30 online conference that ENN “would start tomorrow if NV Energy would purchase the power,” according to a Reuters report. Adding that the utility controls 95 percent of all of the electricity that is produced in Nevada, Reid also said, “they should go along with this.”...
  • Obama’s Failed Stimulus Funded ‘Green Jobs’ Initiative Ads on MSNBC....

    08/31/2012 6:43:27 PM PDT · by bronxville · 9 replies
    newsbusters.org ^ | 08 | Ryan Robertson
    Full Headline: Obama’s Failed Stimulus Funded ‘Green Jobs’ Initiative Ads on MSNBC: Labor Department Unrepentant [...] According to a Washington Times report by Jim McElhatton, the U.S. Department of Labor allegedly paid a public relations company at least half a million dollars of their allotted stimulus money to produce over 100 commercials that publicized a new “green jobs” initiative back in 2009. Coincidentally, the advertisements could only be seen on MSNBC during The Rachel Maddow Show and Countdown with Keith Olbermann, which has since been canceled of course. A House panel led by Reps. John Kline (R-Minn.) and Phil Roe...
  • Obama order targets industrialefficiency, emissions

    08/31/2012 10:46:21 AM PDT · by Nachum · 27 replies
    Reuters ^ | 8/31/12 | Valerie Volcovici
    WASHINGTON - President Barack Obama issued an executive order on Thursday that would increase the number of cogeneration plants in the U.S. by 50 percent by 2020, a move that would boost U.S. industrial energy efficiency and slash carbon emissions by 150 million tons per year. The order is the administration's latest effort to deploy cleaner and more efficient energy production in the country by working around political resistance to climate change and "green" energy legislation on Capitol Hill. The measure aims to accelerate investments to help manufacturers expand their use of combined heat and power (CHP) facilities,
  • The Green War on the Poor - The Democratic party used to care about poor and working people.

    08/30/2012 10:06:12 AM PDT · by neverdem · 10 replies
    National Review Online ^ | August 30, 2012 | Robert Zubrin
    In a nearly full-page op-ed appearing in the business section of the August 25 New York Times, Cornell professor Robert H. Frank lays out the new green agenda for tax policy.According to Professor Frank, stopping global warming may require carbon taxes of about $300 per ton of carbon dioxide emitted, and by implementing such taxes, we can also balance the federal budget. “If such a tax were phased in,” Frank says, “the prices of goods would rise gradually in proportion to the amount of carbon dioxide their production or use entailed. The price of gasoline, for example, would slowly...
  • 25 by 2025 'Green Energy' Studies Ignore Costs

    08/29/2012 9:50:22 AM PDT · by MichCapCon · 9 replies
    Michigan Capitol Confidential ^ | 8/25/2012 | Michael LaFaive
    Mackinac Center analysts have long been critical of the way consultants — and frequently their clients — misuse economic modeling software. We were reminded why with the recent publication of two papers purporting to show large job creation, if only state voters would approve a renewable energy mandate on the statewide November ballot. The initiative, commonly known as the Michigan Renewable Energy Amendment, would mandate that 25 percent of Michigan's energy usage be provided by renewable sources by the year 2025. There is at least one major problem with each study, however: costs. The study authors' did not include the...
  • Obama finalizes auto mileage mandate

    08/28/2012 10:54:05 AM PDT · by jazusamo · 67 replies
    The Hill ^ | August 28, 2012 | Ben Geman & Keith Laing
    The Obama administration issued final rules Tuesday that require a major boost in vehicle mileage standards, highlighting a clash with Mitt Romney as the GOP convention gets under way. 

The Transportation Department and Environmental Protection Agency announced joint mileage and carbon emissions rules for model years 2017 through 2025 that will eventually force automakers to meet a standard equivalent to 54.5 miles per gallon.

 Administration officials have made the rules a cornerstone of their energy agenda, noting that alongside earlier 2012-2016 rules, the mandate will eventually save consumers an estimated $1.7 trillion in fuel costs and save 12 billion barrels...
  • Some California Residents Can Save $13,000 on the Purchase of an EV

    08/27/2012 11:53:26 AM PDT · by Ernest_at_the_Beach · 15 replies
    dailytech.com ^ | - August 24, 2012 9:14 AM | Shane McGlaun (Blog)
    Some residents qualify for a local rebate of $3,000 The state pushing the hardest to transition drivers from gasoline-powered vehicles to electric vehicles and hybrids is California. Part of the state’s push to get people to adopt electric vehicles has come by way of tax credits and rebates (which are in addition to rebates available at the federal level).   All of those rebates can be combined making for a significant discount off the purchase price of an electric vehicle. The state of California offers a $2,500 rebate on the purchase of an electric car. The federal tax credit for...
  • NASDAQ Delisting Threat Jeopardizes Chinese Rescue of A123 Systems

    08/23/2012 11:01:28 AM PDT · by jazusamo · 1 replies
    National Legal & Policy Center ^ | August 23, 2012 | Paul Chesser
    Two weeks ago the mainstream and clean tech advocacy media proclaimed that taxpayer-subsidized, failing electric vehicle battery maker A123 Systems would be saved by a deal with a Chinese company. Since then the Massachusetts-based manufacturer’s stock price sank below what had been its previous low of 44 cents. This morning it is down to 38 cents, and yesterday the company received a delisting notice from the NASDAQ. So what happened? There could be several reasons why the recipient of hundreds of millions of U.S. stimulus dollars hasn’t impressed Wall Street with its pending bailout from Wanxiang Group. The deal is...