Keyword: greentech

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  • Terry McAuliffe's Green Nightmare (WSJ)

    07/24/2013 4:52:59 PM PDT · by Brad from Tennessee · 6 replies
    Wall Street Journal ^ | July 23, 2013 | By Stephen Moore
    Virginia attorney general and GOP gubernatorial candidate Ken Cuccinelli is back on the attack in a tight race with momentum swinging back and forth seemingly every week. Of late Mr. Cuccinelli has been trying to focus attention on the crony capitalism misadventures of his Democratic opponent, Terry McAuliffe. Mr. McAuliffe, a major fundraiser and former chairman of the Democratic National Committee, is also founder of GreenTech Automotive. The electric car company was suppose to have produced some 400,000 vehicles by now, along with 10,000 new jobs, mostly in Virginia. To date, however, GreenTech has produce around 100 cars and has...
  • APNewsBreak: Homeland Security official probed (Hillary link)

    07/23/2013 11:57:41 AM PDT · by Brad from Tennessee · 27 replies
    MYSA/AP ^ | July 23, 2013 | By ALICIA A. CALDWELL,
    WASHINGTON (AP) — President Barack Obama's choice to be the No. 2 official at the Homeland Security Department is under investigation for his role in helping a company run by a brother of former Secretary of State Hillary Rodham Clinton, The Associated Press has learned. Alejandro Mayorkas, director of U.S. Citizenship and Immigration Services, is being investigated for his role in helping the company secure an international investor visa for a Chinese executive, according to congressional officials briefed on the investigation. The officials spoke only on the condition of anonymity because they were not authorized to release details of the...
  • Feds probe company that helped get EB-5 funding for McAuliffe's Greentech

    07/23/2013 11:46:29 AM PDT · by Perdogg · 5 replies
    AP reporter Alicia Caldwell has discovered that a high ranking official in the Department of Homeland Security is under investigation for helping to facilitate access to the EB-5 program for a Chinese Company through the group Gulf Coast Management.
  • Roanoke Times: McAuliffe Needs To Come Clean On His Role At GreenTech

    04/16/2013 5:59:38 AM PDT · by Gopher Broke · 5 replies
    By itself, Terry McAuliffe’s failure to announce his resignation as chairman of GreenTech Automotive Inc. would not raise many eyebrows. But when the news was reported last week — four months after McAuliffe quietly resigned — it added to questions about the gubernatorial candidate’s ties to the electric car company he founded in 2009, and claims he has made about it on the campaign trail. McAuliffe, the Democratic nominee by default, promotes himself as a job-creating entrepreneur. He has used GreenTech to try to burnish that image. He should have a clear explanation why GreenTech chose Mississippi, not Virginia, for...
  • CBS: Obama admin spent $6.5 billion on risky green-tech ventures; Update: Obama proposes to save

    01/13/2012 9:34:59 AM PST · by Nachum · 5 replies
    Hot Air ^ | 1/13/12 | Ed Morrissey
    We already know that the Obama administration’s stimulus-funded subsidies of green-energy firms have been rather poor investments. Solyndra, after all, collapsed while taking over half a billion dollars in taxpayer money with it, after the Department of Energy illegally subordinated taxpayer risk for later investors — mainly an Obama bundler from 2008, George Kaiser. CBS News’ Sharyl Attkisson takes a break from reporting on Operation Fast and Furious to give a closer look at the performance of Barack Obama’s bets in the green-tech sector — and says that Obama bet more than $6.5 billion of taxpayer money in junk bonds:
  • $200 million green-tech subsidy results in -100 jobs

    10/04/2011 10:32:34 AM PDT · by Nachum · 11 replies
    Hot Air ^ | 10/4/11 | Ed Morrissey
    What happens when job-stimulus funds get spent on a company that reduces its workforce? It looks like Barack Obama and Energy Secretary Stephen Chu made another “bad bet” in 2009, sinking $200 million into the non-profit National Renewable Energy Laboratory in Golden, Colorado. NREL isn’t going under, but it’s cutting back staff after getting a big taxpayer subsidy from Porkulus: President Barack Obama’s “green jobs” initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan. According...
  • Jinko Crisis Suggests Maybe Solar Isn't So Green After All

    09/19/2011 11:21:25 PM PDT · by dila813 · 3 replies
    Forbes Energy ^ | 9/19/2011 @ 1:09PM | Eric Savitz
    Shares of China-based JinkoSolar are down sharply – and dragging down other Chinese solar shares – on a brewing environmental crisis at a facility the company owns in Haining, in Zhejiang Provice. In a press release this morning, the company notes that “there have been reports” that Zhejiang Jinko, a wholly owned subsidiary, discharged hazaradous waste into a river, triggering protests from local residents from September 15 to September 17. Jinko reports that “the local environmental protection authority is investigating the incident.” The company said in response to the situation it has suspended operations at the facility “until the impact...
  • Tony Blair joining green-tech focused Khosla Ventures (as a senior adviser)

    05/24/2010 10:19:25 AM PDT · by NormsRevenge · 3 replies · 180+ views
    Mercury News ^ | 5/24/10 | Dana Hull
    Vinod Khosla, Silicon Valley's most prominent "green" venture capitalist, announced today that former British Prime Minister Tony Blair is joining Khosla Ventures as a senior adviser. The announcement, made at a small invitation-only gathering at the picturesque Cavallo Point Lodge in Sausalito, adds international star power to Khosla Ventures. Since leaving office, Blair has focused on climate change, energy security and public policy and is one of the world's most eloquent advocates for the environment. "I'm absolutely thrilled, honored and delighted to team up with Vinod and the people he has working for him," said Blair today. "Vinod is one...
  • Activists Try to Block Green Tech in Berkeley (Yes, You Read Right)

    11/12/2009 4:24:26 PM PST · by nickcarraway · 11 replies · 538+ views
    East Bay Express ^ | 11/11/09 | Robert Gammon
    West Berkeley activists are dead set against the mayor's "green corridor" vision, saying it will cause gentrification, too much density, and high rents. The vision of a denser San Pablo Avenue won't come to pass if area residents have their way. Fifty years from now, after the polar ice caps melt and West Berkeley is under water, people might look back on 2009 and say, "What the hell were they thinking?" Why were old hippies in what could be the most liberal city in America working overtime to block the widespread proliferation of green-tech businesses and dense urban development in...
  • Buggy 'smart meters' open door to power-grid botnet Grid-burrowing worm only the beginning

    06/15/2009 6:42:04 AM PDT · by smokingfrog · 33 replies · 1,646+ views ^ | June 12, 2009 | Dan Goodin
    New electricity meters being rolled out to millions of homes and businesses are riddled with security bugs that could bring down the power grid, according to a security researcher who plans to demonstrate several attacks at a security conference next month. The so-called smart meters for the first time provide two-way communications between electricity users and the power plants that serve them. Prodded by billions of dollars from President Obama's economic stimulus package, utilities in Seattle, Houston, Miami, and elsewhere are racing to install them as part of a plan to make the power grid more efficient. Their counterparts throughout...
  • Global warming efforts - California group wants to be active nationally (Gore speaks at gathering)

    12/09/2006 10:06:26 AM PST · by NormsRevenge · 19 replies · 396+ views ^ | 12/9/06 | David R. Baker
    The coalition of environmental entrepreneurs and venture capitalists who lobbied hard for California's global warming law now wants to take its efforts nationwide. It just hasn't decided which policies to push. The Greentech Innovation Network -- created by venture powerhouse Kleiner, Perkins, Caufield & Byers -- met Thursday and Friday in Berkeley to discuss which policies and technologies could most effectively fight global warming. The group heard advice from experts including a federal energy official, the president of Iceland and former Vice President Al Gore. John Denniston, a partner with Kleiner Perkins, said the organization is already talking with members...