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Keyword: greenjobs

Brevity: Headers | « Text »
  • Obama's push to implement 'Eco-Tyranny'

    04/17/2012 9:04:47 AM PDT · by Perseverando · 16 replies
    WND.com ^ | April 16, 2012 | Kevin DeAnna
    Meteorologist Brian Sussman blows whistle on president's scheme The environmentalist movement isn’t about protecting the environment at all, according to meteorologist-turned-journalist Brian Sussman. It’s about destroying private property, controlling behavior, and expanding government – and the Obama administration has a secret plan to further all of it, he says. Sussman is now blowing the whistle on the real nature of environmentalism in his explosive brand-new book, “Eco-Tyranny.” He reveals secret memos from inside Obama’s Bureau of Land Management, or BLM, outlining a covert plan “to pursue a program of land consolidation” for the federal government to secure tens of millions...
  • Analysis: Obama's "green jobs" have been slow to sprout

    04/13/2012 7:53:12 AM PDT · by Oldeconomybuyer · 6 replies
    Reuters ^ | April 13, 2012 | by Andy Sullivan
    ...Three years after Obama launched a push to build a job-creating "green" economy, the White House can say that more than 1 million drafty homes have been retrofitted. But the millions of "green jobs" Obama promised have been slow to sprout, disappointing many who had hoped that the $90 billion earmarked for clean-energy efforts in the recession-fighting federal stimulus package would ease unemployment - still above 8 percent in March. Supporters say the administration over-promised on the jobs front and worry that a backlash could undermine support for clean-energy policies in general. "All of this stuff is extraordinarily worthy for...
  • US-backed battery company's sale to Russian tycoon sparks anxiety

    04/07/2012 9:58:37 AM PDT · by Oldeconomybuyer · 12 replies
    Chicago Tribune ^ | April 7, 2012 | By Julie Wernau
    Department of Energy invested millions to develop cutting-edge technology to power electric vehicles, but that know-how is now in foreign hands. "This is about the future. And the question is which nation is going to seize the future. Some nation is going to grab it by the throat. One of the nations of the world is going to lead the world in green energy and technology," Vice President Joe Biden said in January 2011 in a speech praising federal support for Ener1 at its facility in Indiana. That nation, it turns out, is Russia. A little more than a year...
  • BREAKING: Unseen Video Shows President Obama, Top Dem Politicians Praising Failed Green Company

    04/05/2012 12:45:43 PM PDT · by MichCapCon · 6 replies
    Capitol Confidential ^ | 4/5/2012 | Tom Gantert
    A virtually unseen video has surfaced that highlights the high-powered political rhetoric and unrealized promises put forth by President Barack Obama and Michigan’s top Democratic politicians regarding the heavily subsidized and now-troubled A123 Systems battery manufacturer. The video, which had just over 600 views since it was posted in Oct. 2010 on Youtube, has Obama, U.S. Secretary of Energy Steven Chu, former Michigan Gov. Jennifer Granholm and U.S. Senators Carl Levin and Debbie Stabenow singing the praises of the now-troubled advanced battery manufacturer A123 Systems. A123 Systems, which opened its lithium-ion battery manufacturing plant in Livonia in September 2010, saw...
  • Our Dangerous Dependence on Foreign Chocolate

    04/04/2012 10:18:18 AM PDT · by Ungarisch · 15 replies
    FOX News ^ | April 2, 2012 | Ernest Istook
    America is addicted to chocolate. Foreign chocolate. A majority of us consume chocolate each day. Although the U.S. produces only 6% of the world’s cocoa, we consume more than 20%. The threat is obvious. It’s time for government to step in and promote alternatives. Any day now, President Obama will be barnstorming the country to tell us, “If we really want chocolate security and chocolate independence, we've got to start looking at how we use less cocoa and use sources that we can renew and that we can control, so we are not subject to the whims of what's happening...
  • Unsustainable Green Jobs

    04/04/2012 9:16:50 AM PDT · by Academiadotorg · 2 replies
    Accuracy in Academia ^ | April 4, 2012 | Malcolm A. Kline
    Apparently even college campuses aren’t providing green jobs anymore. A survey by the Association for the Advancement of Sustainability in Higher Education (Aashe) “showed that creation of new sustainability positions peaked in 2008, then dropped 31 percent in 2009,” Dave Newport reported in The Chronicle of Higher Education on April 6, 2012. Newport directs the Environmental Center at the University of Colorado at Boulder. That actually might be a better record than the Obama Administration has amassed in its much-touted—at least by administration officials—green jobs program. The Department of Labor, Employment and Training Administration (ETA) found that “ETA and grantees...
  • How to Find a Green Job

    04/03/2012 1:04:09 PM PDT · by Oldeconomybuyer · 15 replies
    AARP.com ^ | April 3, 2012 | by: Kerry Hannon
    For those of you looking for a job or a different career, there’s some good news: Green jobs — that is, those with an eco-friendly focus — are expected to grow in the coming years. What’s more you needn’t worry about having to have a green résumé. If you have technical skills in engineering, architecture, accounting, marketing or project management, you’ll find job openings at solar energy firms, renewable energy outfits and others. Interested? Here are five jobs to consider, depending on your skills and interests. Pay varies based on factors such as experience and where you live. Salary figures...
  • Labor Dept.: Americans hold 3.1 million green jobs

    03/22/2012 4:16:39 PM PDT · by Oldeconomybuyer · 18 replies · 1+ views
    The Seattle Times ^ | March 22, 2012 | by Sam Hananel
    At least 3.1 million Americans are employed in green jobs, a sector that now accounts for about 2.4 percent of the nation's total employment, the Labor Department said Thursday. The report represents the first time the department's Bureau of Labor Statistics has come up with an official count of environmentally friendly jobs, an emerging part of the economy and a centerpiece of President Barack Obama's stimulus plan. Environmental groups cheered the report. The report makes no assessment of when the jobs were created. But the report is sure to add to the debate over how exactly to define green jobs....
  • JOBS WINNERS AND LOSERS: 'Green advisers' and nurses fare better than bankers

    03/09/2012 4:28:17 PM PST · by Oldeconomybuyer · 8 replies
    This is Money 9UK) | March 9, 2012
    Parents seeking to guide their children into secure and lucrative lines of work should urge them to seek careers as environmental advisers or in online publishing, the startling results of a study suggest. The world's biggest work and careers social network, Linkedin, conducted the study for the 'Economic Report of the President' in the US. Linkedin, which has 150 million users globally and 60 million in the U.S., supplied information to the White House Council of Economic Advisors (CEA), which compiled the report. It used the vast amount of data on the website, where those signed up job hunt or...
  • Obama demands Congress end oil, gas subsidies

    03/01/2012 12:59:22 PM PST · by mdittmar · 47 replies · 1+ views
    Newsday ^ | JULIE PACE (Associated Press)
    NASHUA, N.H. - (AP) -- President Barack Obama, turning his political sights on snowy New Hampshire, demanded that Congress eliminate oil and gas company subsidies that he called an outrageous government "giveaway." Though politically a long shot, the White House believes the idea resonates at a time of high gasoline prices. "Let's put every single member of Congress on record: you can stand with oil companies or you can stand up for the American people," Obama said. The president also said GOP charges that his policies are driving up gas prices won't pass "a political bull-detector" test and pointed to...
  • Bright the latest Indiana electric vehicle startup to call it quits

    02/29/2012 9:37:15 AM PST · by Oldeconomybuyer · 14 replies · 1+ views
    Chicago Tribune ^ | February 29, 2012 | By Julie Wernau
    Just when it seemed like things couldn't get worse, Indiana received more bad news on the electric vehicle front Wednesday as another promising hopeful announced it would call it quits. Bright Automotive, which had plans to deliver 300 manufacturing jobs to Indiana by 2012 pending the outcome of a loan from the Department of Energy's Advanced Technology Vehicle Manufacturing Program, announced Wednesday it has withdrawn its DOE application and will wind down operations in Indiana. In a scathing letter to Energy Secretary Steven Chu, Bright Automotive Chief Executive Reuben Munger and Chief Operating Officer Mike Donoughe described an overly bureaucratic...
  • Bankruptcy judge approves Solyndra bonuses (Taxpayers are still getting shafted)

    02/23/2012 3:47:48 AM PST · by tobyhill · 13 replies · 1+ views
    boston globe ^ | 2/23/2012 | |Randall Chase, AP
    A Delaware bankruptcy judge has approved close to $370,000 in bonuses for certain employees of Solyndra LLC, a solar panel manufacturer that received a half-billion dollar loan from the federal government before declaring bankruptcy.
  • GE Employees Get Chevy Volt Electric Cars, All-Gas Use OKed Sometimes

    02/16/2012 10:58:29 AM PST · by Oldeconomybuyer · 34 replies
    Green Car Reports ^ | February 16, 2012 | by John Voelcker
    Sixteen months ago, General Electric announced it would place the "largest order in history" for electric cars, to be used by its employees who are issued company cars. Now, those cars are starting to arrive and be placed with employees. A person inside GE recently forwarded a memo to us that covers some of the nuts and bolts of using the 2012 Chevrolet Volt range-extended electric car. It's from the fleet operations manager for GE Healthcare. Among the interesting points: * All sedans ordered in 2012 will be the Chevrolet Volt * Crossovers and minivans will be replaced by electric-vehicle...
  • Federal funds flow to clean-energy firms with Obama administration ties

    02/15/2012 11:49:17 AM PST · by Oldeconomybuyer · 11 replies
    Washington Post ^ | February 14, 2012 | By Carol D. Leonnig and Joe Stephens
    Sanjay Wagle was a venture capitalist and Barack Obama fundraiser in 2008, rallying support through a group he headed known as Clean Tech for Obama. Shortly after Obama’s election, he left his California firm to join the Energy Department, just as the administration embarked on a massive program to stimulate the economy with federal investments in clean-technology firms. During the next three years, the department provided $2.4 billion in public funding to clean-energy companies in which Wagle’s former firm, Vantage Point Venture Partners, had invested, a Washington Post analysis found. Overall, the Post found that $3.9 billion in federal grants...
  • White House Pitches Renewable Energy

    02/10/2012 1:19:22 PM PST · by Oldeconomybuyer · 6 replies · 2+ views
    Wall Street Journal ^ | February 10, 2012 | By RYAN TRACY
    The Obama administration is attempting to persuade U.S. corporations about the benefits of investing in renewable energy in an effort to help the industry after a government grant program expired. The Department of Energy-led effort includes a planned March 13 meeting at which senior financial-firm executives and Energy Secretary Steven Chu would speak. The 79 invitees include some of the largest corporations in the U.S., from Exxon Mobil Corp. to Walt Disney. The idea is to tell companies with big tax bills about the "attractive rates of return and brand benefits" that come with entering the so-called tax equity markets...
  • Solyndra: Audit finds loan program lacked oversight

    02/10/2012 1:06:06 PM PST · by Oldeconomybuyer · 12 replies · 1+ views
    Los Angeles Times ^ | February 10, 2012 | By Neela Banerjee
    Washington — An independent audit of the federal loan guarantee initiatives that backed the troubled solar technology company Solyndra failed to turn up the waste and broad incompetence that critics assert riddled the programs. But the audit showed the laws passed from 2005 to 2009 that established the programs in question at the Energy Department had few provisions for thorough monitoring and oversight of the loan guarantees once they were approved. One program created in 2007 did not “provide any requirements regarding governance and monitoring of loans after closing.” “Neither the statutes nor the regulations governing the programs specify internal...
  • Rosy Solar Jobs Projections Fail To Live Up To the Hype

    02/09/2012 11:26:07 AM PST · by MichCapCon
    Capitol Confidential ^ | 2/8/2012 | Tom Gantert
    In the final days of Gov. Jennifer Granholm’s tenure, the state Department of Energy, Labor & Economic Growth trumpeted the success of green jobs created in the solar industry. “Total job creation projected of 21,592” the April 12, 2010, DELEG presentation claimed. Almost two years later, the large majority of those jobs never saw the light of day. Even if they had come to fruition, they would just be a small part of the entire Michigan economy, says James Hohman, assistant director of fiscal policy at the Mackinac Center for Public Policy. For example, the state of Michigan created 218,137...
  • Navajo Leader Vetoes Green Jobs Money

    02/07/2012 9:46:42 AM PST · by CedarDave · 4 replies
    The Albuquerque Journal ^ | February 7, 2012 | AP
    WINDOW ROCK, Ariz. (AP) — Navajo Nation President Ben Shelly once again has vetoed money to fund a commission aimed at developing green jobs. Shelly says legislation that created the Green Economy Commission doesn’t set guidelines on how it would work with the tribe’s executive branch, which has similar goals. He also says the commission is supposed to seek outside funding.
  • Sanyo to close solar factory in California (subsidies have run out)

    02/04/2012 1:01:41 PM PST · by MamaDearest · 11 replies
    forbes.com ^ | 02/03/12 | Ucilla Wang,Todd Woody
    Snips from excerpt website: Japanese solar company Sanyo plans to lay off about 140 employees in California, or about 40 percent of its manufacturing workforce in the United States, as it shifts its strategy in order to compete with large rivals, particularly those from China. The company, which is part of Panasonic, is buiding a large factory in Malaysia that will make wafers and turn them into solar cells and then panels. Panasonic plans to invest 45 billion yen (about $580 million) in the new factory. A fellow manufacturer in Japan, Sumco, announced Friday it would get out of the...
  • Audit: Calif. slow to spend weatherization funds

    02/04/2012 6:57:25 AM PST · by Oldeconomybuyer · 2 replies · 1+ views
    San Francisco Chronicle ^ | February 3, 2012
    The Obama administration directed $185.8 million from the American Recovery and Reinvestment Act to California to help families boost their home energy savings, create jobs and move toward energy independence. Oakland and San Francisco may risk having to return some of the weatherization money, in part since their programs were slow to start. In San Francisco, officials initially reported they had failed to weatherize a single unit by the end of last year but last month told the department the city had completed 300 units. At the end of 2011, Oakland had received $4 million in stimulus funds but had...
  • Green-job training put on hold after program produces few jobs

    02/04/2012 6:08:13 AM PST · by Oldeconomybuyer · 6 replies
    Herald - Everett WA ^ | February 2, 2012 | By Michelle Dunlop
    The program has shown poor results, and the agency that oversees training has stopped referring people. Government-funded training for so-called green jobs has come to a near standstill in Snohomish County, having produced lackluster results. Nationwide, about $500 million in Recovery Act funds were allocated to train nearly 125,000 people for green careers. Nearly a year and a half later, the audit found, only 52,762 people had been trained and 8,035 had found jobs. The program's underwhelming success rate, both nationally and locally, has people worried. The modest success rate of green training programs didn't come as a surprise to...
  • Congressman Issa On Obama Green Job Failure: “We Would Have Done Better Throwing The Money

    02/02/2012 4:12:48 PM PST · by Nachum · 6 replies
    Gateway Pundit ^ | 2/2/12 | Gateway Guest Blogger
    Posted by Gateway Guest Blogger on Thursday, February 2, 2012, 5:50 PM Posted by The P/Oed Patriot Accoridng to You Tube: “Rep. Darrell Issa (R-CA), Chairman of the House Committee on Oversight and Government Reform, goes on Fox Business to discuss the Obama Administration’s failed investments of taxpayer dollars into ‘green’ programs.”
  • Another ad smartly attacks the president on Solyndra

    02/01/2012 3:08:56 PM PST · by Ernest_at_the_Beach · 5 replies
    Hot Air ^ | February 1, 2012 | Tina Korbe
    While Mitt Romney and Newt Gingrich savage each other and just as Rick Santorum releases his own hard-hitting ad against Gingrich, Karl Rove’s nonprofit Crossroads GPS keeps the focus on Barack Obama with a $500,000 weeklong ad buy on national cable.As Ed wrote when the group released its first ad, anybody interested to defeat Obama needs to keep the attacks on his crony capitalism coming. It’s not just that it’s an easy target. His tendency to reward insiders is also revealing of his overall preference for government interference. This is a president who by his actions suggests he thinks government...
  • Low Voltage: Obama Failure as Investor-in-Chief

    02/01/2012 10:32:14 AM PST · by Kaslin · 5 replies
    Townhall.com ^ | February 1, 2012 | Bob Beauprez
    Even before he took the oath of office, Barack Obama embraced the financial crisis of 2008.  In the words of his then Chief-of-Staff Rahm Emanuel, “You never want a serious crisis to go to waste,” and Obama saw the recession as an opportunity for him to play investor picking winners and losers with hundreds of billions of borrowed dollars.  This was his moment to “transform” the American economy to match his vision for a brave new world.  Lavishing billions on green technology was high on Obama’s list of favorites.  In just three years, his Administration has pumped $80 billion into...
  • Solyndra loan review: White House to ‘take some time’ on report

    01/27/2012 1:47:34 PM PST · by Oldeconomybuyer · 8 replies
    Politico ^ | January 27, 2012 | By DARREN SAMUELSOHN
    Time's up Saturday on the White House-ordered review of Energy Department loan guarantees, but the assessment won't be made public right away. Herb Allison is expected to turn in his findings on Monday on the controversial now-bankrupt California solar company Solyndra. After that, Obama officials plan to "take some time" to review its recommendations before releasing them, an administration official said Friday. Allison's review won’t look at specific decisions involving loan guarantees like Solyndra. Instead, White House lawyers said earlier this month that Allison “is focused on evaluating the current state of the DOE loan guarantee portfolio."
  • Obama-backed electric car battery-maker files for bankruptcy [$118.5 million stimulus grant]

    01/26/2012 11:22:58 AM PST · by Sub-Driver · 19 replies · 1+ views
    Obama-backed electric car battery-maker files for bankruptcy By Andrew Restuccia - 01/26/12 11:55 AM ET An Indiana-based energy-storage company, whose subsidiary received a $118.5 million stimulus grant from the Energy Department, filed for bankruptcy Thursday. Ener1 is asking a federal bankruptcy court in New York to approve a plan to restructure the company’s debt and infuse $81 million in equity funding. “This was a difficult, but necessary, decision for our company,” Ener1 CEO Alex Sorokin said in a news release. “We are extremely pleased to have the strong support of our primary investors and lenders to substantially reduce the company’s...
  • Romney's Energy Project Past (Romney's Solyndra? CTP Hydrogen, Protonex Tech...

    01/18/2012 11:40:49 PM PST · by Laissez-faire capitalist · 3 replies
    Politico ^ | 10/26/2011 | Ben Smith
    Mitt Romney penned an op-ed in the Orange County Register Monday carrying the new line of attack on President Obama's energy policy: the Solyndra collapse is more evidence he wrote that the government "shouldn't be playing venture capitalist" when it comes to alternative energy projects. "It's not merely that government bureaucrats are bad at picking winners" he wrote. "The very process invites cronyism and outright corruption." But Romney is a private-sector venture capitalist by vocation, and during his tenure as Massachusetts Governor, he set up a program almost exactly like the ones he's now denouncing. In 2003 Romney launched the...
  • Vestas cuts over 2,000 jobs after profit wipe-out (More "Green Energy" Bust)

    01/12/2012 3:42:07 AM PST · by tobyhill · 8 replies
    reuters ^ | 11/12/2012 | staff
    Danish wind turbine maker Vestas will cut 2,335 jobs in a bid to restore profitability after rising costs wiped out its 2011 earnings. Vestas Wind Systems A/S said the cuts, about a tenth of its workforce, would help it reduce costs by more than 150 million euros ($190.3 million) by year-end. Another 1,600 jobs could go at U.S. plants if a tax credit for renewable energy is not extended. The world's biggest wind turbine maker is battling fierce competition, including from Chinese rivals , as well as the threat of subsidy cuts for renewable energy by hard-pressed governments forced to...
  • Mich. 'Green Jobs' Subsidy Winner Evicted from Saginaw Headquarters

    01/05/2012 8:35:28 AM PST · by MichCapCon · 9 replies
    Michigan Capitol Confidential ^ | 1/4/2012 | Michael LaFaive
    Michigan economic development refundable tax credit (subsidy) “winner” GlobalWatt, Inc. faces a January 9 eviction from its Saginaw facility for failure to pay rent. In 2009, the solar module manufacturing firm was awarded $42 million in state and local government financial favors, thanks in part to applications that contained misrepresentations, as reported by the Mackinac Center in September 2010. In its bid to gain government subsidies in Michigan, GlobalWatt misrepresented up-front incentives allegedly available to it from the state of Texas, suggesting that if Michigan didn’t produce some corporate welfare benefits the firm would instead locate there. But Texas officials...
  • Congress Shucks Ethanol Subsidies, Not Mandates

    01/03/2012 4:36:42 PM PST · by Kaslin · 15 replies
    IBD Editorials ^ | January 3, 2012 | Editor
    Energy Policy: Congress let the corn-based fuel's tax credits expire when it adjourned, but continuing mandates for its use means pump prices will go even higher and the money saved will be spent elsewhere. Subsidies for ethanol expired over the weekend, ironically just days before the Iowa caucuses. In their 33 years of existence, ethanol subsidies, the original poster child for crony capitalism, with an estimated cost of at least $45 billion and an annual price tag in recent years of $6 billion, have been a political sacred cow, letting farm state politicians bring home the bacon in exchange for...
  • Obama’s green addiction ripping us off, again

    12/21/2011 11:25:12 AM PST · by SmileRight · 10 replies
    BIZPACReview.com ^ | 12/21/2011 | Michael Dorstewitz
    When we hear the words “jet fuel,” we tend to think in terms of exotic, volatile mixtures, something akin to that which sends top fuel dragsters roaring down a quarter-mile track. In reality, jet propulsion fuel is pretty ordinary stuff. Depending on the type, it can be nothing more than the same kerosene we used to put in lanterns. So when I heard that the Navy was now paying as much as $16 a gallon for some of its jet fuel, every alarm on my internal radar sounded off in a deafening squeal. My first call naturally went to my...
  • Oil-Rich America? (Yes, If Democrats will allow it)

    12/08/2011 7:02:06 AM PST · by SeekAndFind · 20 replies · 4+ views
    National Review ^ | 12/08/2011 | Victor Davis Hanson
    There is a revolution going on in America. But it is not part of the Tea Party or the loud Occupy Wall Street protests. Instead, massive new reserves of gas, oil, and coal are being discovered almost everywhere in the United States, due to revolutionary methods of exploration and exploitation such as fracking and horizontal drilling. Current prices of over $100 a barrel make even complex efforts at recovery enormously profitable. There were always known to be additional untapped reserves of oil and gas in the petroleum-rich Gulf of Mexico, off America’s shores, and in the American West and Alaska....
  • Taxpayer-Funded Green Job Losses Easy as A123

    12/02/2011 2:27:09 PM PST · by jazusamo · 1 replies
    National Legal & Policy Center ^ | December 2, 2011 | Paul Chesser
    It’s another day, and another round of layoffs by a recipient of millions of dollars under the Obama Administration’s renewable energy initiatives, administered by the mismanaged Department of Energy. This time the Recovery Act largesse – taken out of the hide of taxpayers – went to A123 Systems, Inc. The Massachusetts-based energy storage company was given $249.1 million to help launch two battery-manufacturing plants in Michigan. A123 also received grants and tax credits from the state that could total more than $135 million. In a separate federal grant as a subcontractor for another grantee, A123 received nearly $30 million...
  • A123 Systems lays off 125 workers at Michigan battery plants (Green jobs)

    11/27/2011 5:14:28 PM PST · by Darren McCarty · 25 replies
    Annarbor.com ^ | 11-27-2011 | Nathan Bomey
    Battery maker A123 Systems, which has been celebrated as one of Michigan's biggest alternative energy successes, laid off 125 workers at its Livonia and Romulus battery plants this week, according to a report by the Observer & Eccentric. It was not immediately clear whether there were additional cuts at the company's research-and-development center Ann Arbor's Research Park, where the company has about 35 workers. A123 spokesman Dan Borgasano told the Observer & Eccentric that the company expects "to be calling these people back in six months or less" and attributed the move to a reduced battery order from California electric...
  • Green Energy's Bad Karma

    11/21/2011 12:33:10 PM PST · by raptor22 · 8 replies
    Investor's Business Daily ^ | Octiber 24, 2011 | IBD staff
    Boondoggles: With the administration's approval, the recipient of another half-billion-dollar loan to build electric cars is outsourcing the work and any jobs that might be created or saved to Finland. The Fisker Karma electric car, heralded two years ago by Vice President Joe Biden as the future of the American auto industry, may prove to be another administration "bad bet," just as President Obama called Solyndra, heralded by Biden as the future of American energy. "Folks, we're making a bet," Biden said Oct. 27, 2009, using a familiar administration metaphor. "We're making a bet on the future, we're making a...
  • Robert Kennedy, Jr.’s ‘Green’ Company Scored $1.4 Billion Taxpayer Bailout

    11/16/2011 11:30:52 AM PST · by Driftwood1 · 30 replies
    Big Government ^ | Wilton Hall
    President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company, BrightSource, through a loan guarantee issued by a former employee-turned Department of Energy official. It’s just one more in a string of eye-opening revelations by investigative journalist and Breitbart editor Peter Schweizer in his explosive new book, Throw Them All Out. The details of how BrightSource managed to land its ten-figure taxpayer bailout have yet to emerge fully. However, one clue might be found in the person of Sanjay Wagle. Wagle was one of the principals in Kennedy’s firm who raised money for Barack...
  • Obama gave RFK Jr. $1.4 Billion bailout for solar company.

    11/16/2011 9:22:41 AM PST · by GlockThe Vote · 49 replies
    Big Govt ^ | 11/16/2011 | Wynton Hall
    President John F. Kennedy’s nephew, Robert Kennedy, Jr., netted a $1.4 billion bailout for his company, BrightSource, through a loan guarantee issued by a former employee-turned Department of Energy official. It’s just one more in a string of eye-opening revelations by investigative journalist and Breitbart editor Peter Schweizer in his explosive new book, Throw Them All Out. The details of how BrightSource managed to land its ten-figure taxpayer bailout have yet to emerge fully. However, one clue might be found in the person of Sanjay Wagle. Wagle was one of the principals in Kennedy’s firm who raised money for Barack...
  • Report: 80% of DOE Green Energy Loans Went to Obama Backers

    11/14/2011 10:46:41 AM PST · by tcrlaf · 28 replies
    The Scribe ^ | 11-14-11 | Lachlan Markay
    A new book by Hoover Institution fellow Peter Schweizer details the startling extent of the cronyism that has pervaded President Obama’s “green jobs” push. According to Schweizer, 4 out of every 5 renewable energy companies backed by the Energy Department was “run by or primarily owned by Obama financial backers.” Those companies’ “political largesse is probably the best investment they ever made in alternative energy,” Schweizer explains. “It brought them returns many times over.” Such is the inevitable consequence of large government interventions in private markets. Leaving aside the losses associated with transfers of funds from self-sustaining industries to ones...
  • Batteries in Electric Cars Examined After Chevy Volt Fire

    11/11/2011 5:05:42 PM PST · by Sub-Driver · 49 replies
    Batteries in Electric Cars Examined After Chevy Volt Fire By NICK BUNKLEY DETROIT — Federal safety regulators said Friday that they are examining lithium-ion batteries used in electric cars after a Chevrolet Volt caught fire three weeks after it underwent a crash test. General Motors, which began selling the Volt plug-in hybrid last December, defended it as “a safe car” and said the fire would not have occurred if G.M.’s protocols for deactivating the battery after the crash had been followed. In a statement, the National Highway Traffic Safety Administration said it is working with all automakers to develop post-crash...
  • Solyndra Emails Claim Biden's Staff 'About Had an Orgasm' About Energy Loans to Firm

    11/09/2011 11:50:35 AM PST · by Oldeconomybuyer · 16 replies
    Fox News ^ | November 9, 2011 | By Chad Pergram
    A series of emails provided to the House Energy and Commerce Committee from individuals tied to Solyndra offer striking characterizations about running strategy with the White House to secure assistance for the now-bankrupt solar energy firm. Emails among George Kaiser, head of the George Kaiser Family Foundation; Ken Levit, the executive director of the Foundation; and Steve Mitchell, who manages Argonaut Private Equity and was a member of Solyndra's board; show that Vice President Joe Biden's office were very gung-ho. "They about had an orgasm in Biden's office when we mentioned Solyndra," reads a Feb. 27, 2010, email from Levit...
  • GM Struggling to Meet Chevy Volt Goal

    11/02/2011 8:57:21 AM PDT · by jazusamo · 35 replies
    National Legal & Policy Center ^ | November 2, 2011 | Mark Modica
    General Motors has staked much of its credibility on the Chevy Volt. GM has a goal of selling 10,000 of the vehicles in 2011 and is only about half way there with two months remaining. Ad spending seems to have ramped up faster than sales though with much of GM's marketing dollars going towards Volt commercials while only 1,108 of the vehicles sold in October. I can't remember ever seeing as many TV ads for a vehicle that has sold in such low numbers. Despite the low proportionate sales to hype ratio for the Volt, sites like Mother Nature...
  • Obama, Liberals, And Destructive Energy “Policies”

    10/30/2011 5:17:55 PM PDT · by Kaslin · 2 replies
    Townhall.com ^ | October 30, 2011 | Austin Hill
    “Energy independence.”Doesn’t that sound like a great idea? Unfortunately, in the era of Barack Obama the goal of enabling the United States to meet its own energy needs has been subverted by some very destructive politics. First, the term “energy independence” has been confused with the term “green energy.” While some people use the two expressions synonymously, the Obama Administration has gradually phased-out references to “energy independence” and moved towards “green energy” references exclusively. This language shift from the Obama Administration raises some important questions: are we no longer seeking to become “energy independent?” And if we are still seeking...
  • 'Green Jobs' Replaced with Blue Collar Jobs?

    10/28/2011 7:39:43 AM PDT · by MichCapCon · 7 replies
    Michigan Capitol Confidential ^ | 10/28/2011 | Russ Harding
    According to a report in the Midland Daily News, the now defunct Evergreen Solar plant in Midland is set to go on the bankruptcy auction block. Scott Walker, a local economic development official, told the Daily News that he hopes the facility can be put to use again in a new way. Perhaps Mr. Walker should talk to Rep. Tom McMillin, R-Rochester Hills, who sponsored a bill that would allow a company to manufacture incandescent light bulbs in the state, notwithstanding a federal ban on light bulbs of more than 40 watts that use traditional technology. House Bill 4815, which...
  • Sarah Palin: American Crony Capitalism brings Jobs to Finland

    10/21/2011 2:33:40 PM PDT · by Bigtigermike · 24 replies
    Facebook ^ | Friday October 21, 2011 | Sarah Palin
    Yesterday, another shoe dropped in the chronicles of the Obama administration’s crony capitalism. A start-up electric car company with ties to Al Gore got a $529 million loan guarantee from Obama’s Department of Energy to build luxury electric cars...in Finland! Leaving aside the fact that to date only two of these $97,000 cars have been sold (one of them to a movie star), we might at least hope that this ridiculous exercise in the government picking winners minus any competitive, transparent process (Al Gore’s venture cap firm) and losers (the taxpayers subsidizing a car no one wants) would produce manufacturing jobs in the...
  • Car Company Gets US Loan, Builds Cars In Finland --$529,000,000

    10/20/2011 8:47:31 PM PDT · by InvisibleChurch · 18 replies
    Abcnews ^ | 10.20.11
    ABC NEWS and iWATCH NEWS Today, 9:47 PM EDT With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work. Vice President Joseph Biden heralded the Energy Department's $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job has been outsourced to Finland.
  • “Obama’s Big Green Mess”

    10/18/2011 1:17:35 PM PDT · by Hojczyk · 2 replies
    Hot Air ^ | October 18,2011 | Ed Morrissey
    We wondered whether the mainstream media would start connecting the dots on Solyndra and Barack Obama’s failed “green jobs” stimulus. ABC News has done a great job reporting on the scandal itself, including its connection to an Obama campaign bundler and the remarkable manner in which taxpayer funds were subordinated to George Kaiser’s investment by the Department of Energy — in direct contravention of Congressional mandates protecting taxpayer-funded loan guarantees. The first major media outlet to view Solyndra in the larger context of stimulus failure turns out to be Newsweek — and Eleanor Clift, surprisingly (via Instapundit): The article is...
  • Green Tesla Motors: Another Day, Another Solyndra

    10/18/2011 10:14:15 AM PDT · by Twotone · 8 replies
    PajamasMedia ^ | October 17, 2011 | Richard Pollock
    When Tesla’s application was before DOE loan managers in 2009, there were many indications it was not even in need of the loan. Tesla’s private investors included Google co-founders Sergey Brin & Larry Page, former eBay President Jeff Skoll, Hyatt heir Nick Pritzker, and VC firms Draper Fisher Jurvetson, Capricorn Management, and the Bay Area Equity Fund (managed by JPMorgan Chase). In May 2009, Daimler Chrysler took a stake in Tesla for a reported $50 million. Abu Dhabi’s Aabar Investments reportedly bought 40% of Daimler’s investment.
  • Stimulus money pays for street, traffic lights made largely overseas

    10/16/2011 8:05:26 AM PDT · by Oldeconomybuyer · 3 replies
    Pittsburgh Tribune-Review ^ | October 16, 2011 | By Lou Kilzer
    The United States is spending tens of millions of federal economic stimulus dollars to replace streetlights and traffic lights nationwide with energy-efficient ones made mostly in Asia, a Tribune-Review investigation found. An exemption in the "Buy American" clause of the American Recovery and Reinvestment Act of 2009 -- legislation President Obama championed to create American jobs -- says components and subcomponents of green-energy products need not actually be U.S.-made. As a result, the Trib found, many products needed to make streetlights, traffic lights and other high-tech products are manufactured in China, Taiwan, Japan and South Korea.
  • Pop Goes the Green Jobs Bubble

    10/13/2011 8:14:23 AM PDT · by Kaslin · 6 replies
    Townhall.com ^ | Octobers 13, 2011 | Debra J. Saunders
    Before his American Jobs Act failed to pass a Senate cloture vote Tuesday, President Barack Obama made a last-ditch speech to talk up his troubled bill. Not once did Obama mention "green jobs" -- his erstwhile jobs of the future. Smart move. Obama's 2009 $787 billion stimulus package included $500 million for training programs that were supposed to create new green jobs for thousands of middle-class Americans. Last month, however, the Department of Labor's inspector general conducted an audit that found that as of June 30 -- with one-third of the funds spent and more than 50,000 participants -- only...
  • Solar firms reportedly trying to sell in-house equipment

    10/12/2011 4:11:05 AM PDT · by Oldeconomybuyer · 6 replies
    DigiTimes (Taiwan) ^ | October 12, 2011 | Nuying Huang
    Low demand continues to hit the global solar market. As price drops continue, some solar firms have been reportedly trying to sell their in-house equipment. However, demand for the equipment is low. Oversupply continues to cast a cloud over the solar market. Many firms have been forced to sell solar products and materials with low prices to maintain cash flows. As the fourth quarter is the traditional low season and lowly-priced solar products have failed to stimulate demand, most firms have been unable to operate at full capacity, leaving little room for used equipment in the market. During previous boom...