Keyword: greenenergy
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When Webster Groves High School purchased solar panels to put on the roof of the school, no one told them they could catch on fire! The fire department was called on Saturday to put out the flames ... Plumes of black smoke could be seen coming from the roof at Webster Groves High School Saturday. Firefighters say solar panels caught fire around 2:00pm. Nearby residents noticed the smoke and called the fire department. The panels are above the new science wing.
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Remember This Moment (The 'Black Swans' Have Had Their Necks Broken) Joshua M Brown May 16th, 2013 “There may be more beautiful times, but this one is ours.” - Jean-Paul Sartre It isn't necessary to imagine the world ending in fire or ice. There are two other possibilities: one is paperwork, and the other is nostalgia." -Frank Zappa I want to you stop, take a breath and consider this moment we're in. Because you will look back on it and realize how amazing it was - how amazing it is! The Black Swans we'd been guessing at have had their...
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It happens about once a month here, on the barren foothills of one of America's green-energy boomtowns: A soaring golden eagle slams into a wind farm's spinning turbine and falls, mangled and lifeless, to the ground. Killing these iconic birds is not just an irreplaceable loss for a vulnerable species. It's also a federal crime, a charge that the Obama administration has used to prosecute oil companies when birds drown in their waste pits, and power companies when birds are electrocuted by their power lines.
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A leading venture capital firm gets taken to the clean energy cleaners. The story in the New York Times says Kleiner Perkins has been “humbled” by the past decade’s performance. That seems appropriate. The nation’s most famous venture capital firm had a stunning 35.7 percent annual rate of return in the decade of the 1990s. That was before they met Al Gore. Somewhere around the time Gore had won his Academy Award for warning the world about global warming, the former Vice President was hired on as a senior partner at KPCB. Fortune wrote an article describing Gore sitting in...
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I’d like to bring some points to the attention of your readers that were raised in an article in the Independent published on 11th May 2013 It would appear to indicate a major shift in the UK’s government attitude to climate change. “The Government is facing an exodus of senior energy and climate change advisers amid growing concerns that decisive action to tackle global warming is falling victim to Treasury intransigence.” … “A Government offshore energy industrial strategy document, due to have been published this month, is understood to have been delayed after Treasury objections. At the same time as...
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“Without much fanfare, the Department of Energy (DOE) recently updated the list of loan guarantee projects on its website,” the Institute for Energy Research noticed on Wednesday. ”Unlike in 2008, when Barack Obama pledged to create 5 million jobs over 10 years by directing taxpayer funds toward renewable energy projects, there were no press conferences or stump speeches.” Uh-oh. Why weren’t there any celebrations? President Obama loves a good celebration. Why, we just found out about the super-secret star-studded bash he held after his inauguration. Maybe it’s because the IER divided the $26 billion spent on “green jobs” by the...
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Another one of the Energy Department’s taxpayer-financed “investments” just went belly-up. This one died very quietly, without making a formal announcement, but USA Today noticed: A Michigan maker of vans for the disabled that received a $50-million Energy Department loan has quietly ceased operation and laid off its staff. Vehicle Production Group, or VPG, stopped operations after finances dipped below the minimum threshold required by the government as a condition of the loan, says its former CEO, John Walsh. Though about 100 staff were laid off and its offices shuttered, it has not filed for bankruptcy reorganization. For a change,...
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If Europe thought it had a crisis on its hands in the eurozone, it’s nothing compared to the crisis a lack of oil would inflict. Thanks to the EU’s disastrous energy policies, while the world is proving to be awash with black gold in one form or another, Europe is fast losing the security of its oil supply. And, just for good measure, a UK House of Lords report recently published concludes that the EU will need a trillion euros of new investment if it is to stave off an energy crisis – investment its “muddled” policies are currently failing...
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From the UK’s BBC comes this news item: Trillion-euro shortfall facing EU energy sector – Lords Committee Under the obligatory photo of chimneys spewing steam, is a totally uncritical article on the final report from an eight-month inquiry by the UK’s House of Lords into the EU power sector. The report accuses the EU of having a muddled energy policy, but the horribly disturbing aspect of this report is that their lordships are the ones that are muddled. For example, they say that a muddled Brussels energy policy is putting off big investors. Well, they really got that wrong. Brussels’...
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I have made an 82% correlation between the sunspot cycle and the Global Temperature Anomaly. The correlation is obtained through a non linear time series summation of NASA monthly sunspot data to the NOAA monthly Global Temperature Anomaly.
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Oregon officials are preparing to foreclose on SoloPower Inc. after the government-backed startup missed a loan payment this week in the latest setback for the state's reeling green-energy sector. SoloPower, which is still scrambling to revive its struggling North Portland plant, missed a $50,800 payment Wednesday on a $10 million loan from the Oregon Energy Department, an agency spokeswoman said Friday. If the San Jose, Calif., company defaults, Portland taxpayers could be out $5 million, because the city guaranteed half the loan last year in wooing the plant away from Wilsonville. Already the state of Oregon is out $20 million...
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Those who dare to step out and report on well-heeled and well-connected Washington insiders like liberal Democrat Terry McAuliffe, the founder and former chairman of GreenTech, find themselves the victims of smear campaigns and lawsuits...
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Most unwelcome news for the one-track-minded, fossil-fuels-must-die green lobby — and from their usually zealous allies at the EPA, no less — but pretty sweet news for anyone who actually cares about the environment and isn’t especially interested in scaremongering everybody into a big crunchy panic resulting in still more big government dictates that endorse economic slowdown as the solution to environmental problems.One of the organized environmental movement’s biggest arguments against natural gas is that the release of methane, natural gas’s main component, into the air during the production and delivery process is an even more dangerous and potent greenhouse...
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Robert Wagner has written one of the most intriguing articles I've seen here at Seeking Alpha, titled "90% Of Green Stocks Will Go Bankrupt ... So Buy The Sector?" He's right -- 90% of green stocks will go bankrupt. But this is true in every area of technology, and always has been. Only one computer company from the 1950s remains a player in the space: IBM (IBM). (Honeywell (HON) is in other businesses and Unisys (UIS) is not a mainstream player.) Only two companies from the 1970s PC revolution are still in the game -- Apple (AAPL) and Microsoft (MSFT)....
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As the Department of Energy seized the last of Fisker Automotive’s reserves in lieu of an unknown amount that it was due to repay this week, what’s left of the lame electric automaker clings to the slim hope it can survive. While CEO Tony Posawatz and his team may need an intervention, a hearing before the House Oversight and Government Reform Committee yesterday revealed that DOE and committee Democrats (as well as those in the Obama administration) are hopelessly stuck in an alternate universe, where losing millions of taxpayer dollars is considered a good record. Republicans had called officials from...
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The total San Diego County workforce for various Kyocera subsidiaries after the cuts will be 625... ...One reason cited for the downturn in orders for U.S.-made panels is the conclusion of stimulus funding through the American Recovery and Reinvestment Act...
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---------------SIP--------------------------------------- . . .Perhaps a quick refresher on the benefits of Keystone are in order. First, notwithstanding the development of alternative energy sources, the world is going to continue to need oil; Oliver, quoting the International Energy Agency, says that global energy demand is expected to grow by at least 35 percent over the next 20 years. The notion, pushed by environmentalists, that blocking the oil sands will spur green energy is delusion. Second, energy independence is a long-sought national goal. We would no longer need OPEC, a cartel of countries with values, in many cases, antithetical to ours. Third,...
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What the government giveth, the government can take away. So it came to pass that the glory of green investments fell over its peak and started to slide — a slide we hope will continue forthwith with speed until such day that Renewables Actually Work. Weakest quarter for clean energy investment since 2009 [Bloomberg] 15 April 2013 Investment worldwide in the first quarter of 2013 was $40.6bn, down 22% on a year earlier, due to a downturn in large wind and solar project financings London and New York, 15 April 2013 – Global investment in clean energy in the...
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A group of 17 Northern Michigan residents have filed a lawsuit claiming a new Consumers Energy wind farm has been making people sick. According to the lawsuit, the $250 million Lake Winds Energy Park wind farm, south of Ludington in Mason County, was built too close to homes. The lawsuit says residents are suffering from dizziness, sleeplessness, headaches and other physical symptoms because of the noise. The 56 turbines (some as far away as a half mile) also are causing vibrations and flickering lights in houses, the lawsuit says. Economic losses are also claimed in the suit. The Shineldecker house...
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Stop me if you've heard this before. An administration walks into Congress and insists on billions of dollars to "invest" in green-tech startups, then loses its shirt on bad bets — even while knowing the bets were bad. If that sounds like Solyndra, well, you're right — but it's also part of a pattern in which Barack Obama and the White House have treated taxpayer funds like Monopoly money. CBS and the AP unveil the latest example of this pattern, Fisker Automotive, which continued to get millions in taxpayer funds even while failing to meet the conditions of its loan:...
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More wild and crazy adventures in Barack Obama’s command economy,
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As the White House moves ever so slowly toward a decision on the Keystone XL pipeline, some environmental groups used Monday — Earth Day — to remind the president that approval of the massive project would carry real consequences. “You’ll see … the biggest spread of peaceful civil disobedience in modern American history,” said Becky Bond, political director of the liberal activist group Credo. The organization has been among the loudest opponents of the proposed pipeline, which would carry oil sands from Alberta, Canada, south through the U.S. heartland to refineries on the Gulf Coast. Credo helped organize a San...
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SoloPower plans to halt operations at its Portland solar panel plant on June 17, company officials alerted the state today. The California-based startup plans to layoff 29 workers, including 10 engineers, as part of the move. It received millions in incentives to build the Portland panel plant, but its launch fell months behind its promised benchmarks. Julian Biggs, the company's chief legal officer, said the decision came as a result of "a significant downturn in business and the need for a major reorganization." The company sent the Worker Adjustment and Retraining Notification Act Wednesday to the state. It's unclear when...
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It was a shining moment for Fisker Automotive. In the summer of 2011, four years after the upstart electric car company opened its doors, its first cars were finally rolling off the factory line in Finland, and the sleek vehicles were landing in the garages of some of the biggest names in Hollywood, politics and Silicon Valley. Actor and Fisker investor Leonardo DiCaprio received one. Al Gore and Colin Powell were next in line. A couple months after that, boy megastar Justin Bieber got one for his 18th birthday as a present from his manager. The car even had its...
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A Washington company intends to moor five wind turbines off the Oregon coast, and hopes the project dovetails with a separate proposal for liquefied natural gas.
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A group of 17 Northern Michigan residents have filed a lawsuit claiming a new Consumers Energy wind farm has been making people sick. According to the lawsuit, the $250 million Lake Winds Energy Park wind farm, south of Ludington in Mason County, was built too close to homes. The lawsuit says residents are suffering from dizziness, sleeplessness, headaches and other physical symptoms because of the noise. The 56 turbines (some as far away as a half mile) also are causing vibrations and flickering lights in houses, the lawsuit says. Economic losses are also claimed in the suit. The Shineldecker house...
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Turn over any green-energy rock, and wiggling underneath will be the usual creepy mix of political favoritism and taxpayer-funded handouts. Add to this the Clintons, Mississippi and a murky visa program, and you've got a particularly ripe political embarrassment for Terry McAuliffe. Everyone remember The Macker? Best Friend of Bill. Chairman of Hillary's 2008 presidential campaign. Famed money-tree shaker. Former Democratic Party chief. Failed 2009 contender for the Virginia governorship but now back as the party's nominee for that position in this fall's election. Oh—and in Mr. McAuliffe's words—"a Virginia businessman" intent on "creating jobs." Or at least that was...
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When Element Power announced on April 10 the closing of a deal to build wind turbines for Blackrock in Ireland, nothing was said about the more than 14,000 other wind turbines lying idle around the world. Nothing was said about Element’s recent termination of another deal to build 40 wind turbines over 4,000 acres on top of Black Lava Butte and Flat Top Mesa in California, citing in its “request to relinquish” that there were “insufficient wind resources” to make that project viable. Those 14,000 wind turbines lying idle in California’s Altamont Pass, Tehachapin, and San Gorgonio areas and elsewhere...
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As green energy stimulus recipients raked in billions of dollars the last few years, with President Obama declaring what a great “investment” they were for taxpayers, friends of mine would jokingly ask, “Where’s my dividend?” “Where are my stock certificates?” “Where’s my free electric car?!” In the case of our $193-million stake in Fisker Automotive, thanks to a Department of Energy loan guarantee, it looks like American shareholders will end up with the whole company itself. With the Anaheim non-automaker (no cars produced since last summer) firing about 160 of its 200 remaining employees on Friday, a bankruptcy law firm...
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It appears that the Mainstream Media folks may finally be starting to expose one of the worst cases of taxpayer abuse that this country has ever seen. Kudos to Deepa Seetharaman who wrote a piece for Reuters which questions the feasibility of the government-subsidized, lithium-ion based battery technology behind electric vehicles (EVs) like the Chevy Volt. While Seetharaman acknowledges the limitations of lithium-ion batteries, what remains unchallenged is the continued waste of billions of taxpayer dollars to support the failing, pseudo-green technology. The evidence that the Obama Administration's EV subsidization has been a costly fiasco (particularly regarding the Chevy Volt...
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A Findlay-based solar power firm that was awarded nearly $20 million in state and federal tax breaks and grants ceased production last week and cannot afford to pay $197,000 that terminated employees say is owed in severance packages. Flabeg Solar U.S. Corp. will "most probably" file for Chapter 11 bankruptcy but is open to takeover offers, said its Pittsburgh attorney, Robert Lampl. Flabeg's parent company in Germany has cut off funding for the subsidiary, which operated in a 4-year-old, 228,000-square-foot facility covering more than three acres near the Pittsburgh International Airport. ... Over the past several years, the solar industry...
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Tax could provide cover for approval of oil sands pipelineHello Canada! Are you ready — ready for a new national tax on carbon that will ding pocketbooks across the country? My bet is that a new carbon tax is coming, made almost inevitable by Prime Minister Stephen Harper’s full-bore push to secure Washington’s approval of the Keystone XL pipeline.For early clues on the carbon tax/Keystone trade-off, tune in Tuesday night to President Barack Obama’s State of the Union address. As the president speaks, he will be alert to the chorus of Hollywood stars, environmental activists, editorial writers and industry leaders...
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GOLDEN, Colo. — Inside a futuristic, white concrete campus here that looks like some top secret military organization, the world’s scientists gather to reduce mankind’s carbon footprint and ensure a bright, green future for all. Renewable Energy Lab says is going on. But lately the Department of Energy outpost has become infamous for top salaries of more than $500,000 a year and a staffer who went bonkers on social media late last year, threatening to get a gun and go on a “murderous rampage” against the staff of Watchdog.org. Even industry insiders aren’t sure what goes on at the NREL...
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Is Fisker Headed for a Solyndra-Like Collapse? The 2012 Karma Silver Wind is a plug-in hybrid electric vehicle. (Fisker Automotive) (Pic in URL) By MATTHEW MOSK April 2, 2013 As a major financial deadline looms, a green car company that was approved for a $529 million loan from the U.S. Energy Department is keeping quiet about whether it could be headed towards a Solyndra-like collapse, following reports the company may be preparing for bankruptcy. "We are not offering any official comment on the speculation around bankruptcy at this stage," Roger Ormisher, a spokesperson for the electric car company Fisker Automotive,...
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Italian authorities have seized a record $1.7 billion in assets from a Sicilian green energy entrepreneur with alleged ties to the Mafia.
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Environmental activists and politicians would like you to think that we must love their regulations -- or hate trees and animals. I love trees and animals. But you can love nature and still hate the tyranny that environmental regulations bring. The Environmental Protection Agency just announced it will boost gas prices ("only" a penny, although industry says 6 to 9 cents) to make another minuscule improvement to air quality. In New York City, my mayor wants to ban Styrofoam cups, saying, "I think it's something we can do without." Congress already dictates the design of our cars, toilets and light...
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The Chevy Volt has inarguably been the poster child for President Obama's push to electrify America's auto fleet. Billions of taxpayer dollars have been spent to produce and subsidize the plug-in electric car. For years we have heard about the supposedly amazing technology for the Volt which would lead America to energy independence, be a "game-changer" for General Motors and provide a multitude of new green jobs. Proclamations were made that supply for the wonder-car could not keep up with the demand. Well, March's sales figures are in and give further confirmation that the lofty claims were all lies. March's...
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President Obama ’s alternative energy “stimulus,” administered through hisDepartment of Energy by previous SecretarySteven Chu, had already become a joke because of the failures and foibles of so many recipients of Recovery Act funds. But now – as though officially commemorating the absurdity of this historically bad U.S. government program – one of its bankrupt beneficiaries has changed its name from one of simplicity to one of mockery. Electric vehicle battery maker A123 Systems has changed its name to B456 Systems. Incorporated. Reporting the development, headline writers across the nation rubbed their eyes, double-checked the wire information, and then...
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May 21, 2012: Wind turbines operate at a wind farm near Milford, Utah. (Reuters) ELY, Nev. – An eastern Nevada wind farm could face a fine of up to $200,000 over the death of a golden eagle. The U.S. Fish and Wildlife Service is investigating the bird's death at the Spring Valley Wind Farm near the Utah border, 350 miles east of Reno, spokesman Jeannie Stafford said. San Francisco-based Pattern Energy, owner of the 152-megawatt wind energy project that sells power to Las Vegas-based NV Energy, turned over the dead eagle to federal authorities within 36 hours of its discovery...
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The excitement over solar power, which once attracted billions in private investment and public subsidies, has waned recently, underscoring the limitations of renewable energies and the unchallenged dominance of fossil fuels. Some of the $75 billion sector's high profile names have fallen on hard times recently - most notably Suntech Power (STP). The China-based solar panel company rattled the industry when it filed for bankruptcy last week. In its heyday, the stock traded just shy of $90 and had a market capitalization of $16 billion: on Thursday, the last day U.S. markets were open, the shares traded around for 42...
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UPDATE 11:30 a.m. Friday: Reuters reports that Fisker has hired a bankruptcy attorney. Fisker Automotive , which has received $193 million of a $529 million Department of Energy stimulusloan guarantee and apparently still wants the rest of it, stopped making its sole electric car – the $102,000-plus Karma – last July. But only now has it decided to furlough workers for a week. “In parallel with the process of identifying a strategic partner, Fisker is, of course, continuing to manage its day-to- day operations and has recently instituted temporary furloughs for its U.S. workforce covering the final week of...
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Industry associations lost their last appeal The Obama administration has been pushing to reduce the amount of oil that we consume within the United States. This has resulted in a big push to increase the use of alternative fuels and rules forcing automakers to become more fuel-efficient. The alternative fuel push lead to the EPA’s decision to approve a gasoline blend that uses more ethanol for 2001 model year vehicles and newer. However, many automotive manufacturer associations continue to assert that increasing the percentage of ethanol in fuel could harm some vehicles. The Alliance of Automobile Manufacturers, the Association...
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The Chinese government helped finance a massive expansion of the solar industry, helping to create a glut of solar panels—and leading to rapidly reducing prices for solar. But now it has let the main subsidiary of its most prominent solar panel manufacturer, Suntech Power, go bankrupt. That could be a good sign for the solar industry and for innovation.
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Cost Of Green: The same day the government blamed high fuel prices for February's inflation spike, President Obama unveiled his latest idea: Waste billions more taxpayer dollars on the same failed "green" energy programs. Pump prices have climbed 40 cents a gallon since the start of the year, topping $3.60 a gallon. Obama complains that every time gasoline prices spike, "politicians dust off their three-point plans for $2 gas, but nothing happens and then we go through the same cycle again." But the truth is that Obama's the one who keeps dusting off the same tired old proposals — the...
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With Michigan governor Rick Snyder’s appointment of a financial manager in Detroit, the working class in the city is about to be subjected to a financial dictatorship modeled on the savage wage and benefit cuts imposed by the Obama administration during its forced bankruptcy and restructuring of General Motors and Chrysler in 2009. Like the auto workers, the city’s public sector workers and residents will be forced to sacrifice their jobs, pensions and the needs of their families to pay for a financial crisis they did not create. The script is the same. According to the politicians from both big...
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No, the world ISN'T getting warmer (as you may have noticed). Now we reveal the official data that's making scientists suddenly change their minds about climate doom. So will eco-funded MPs stop waging a green crusade with your money? Well... what do YOU think? The Mail on Sunday today presents irrefutable evidence that official predictions of global climate warming have been catastrophically flawed. The graph on this page blows apart the ‘scientific basis’ for Britain reshaping its entire economy and spending billions in taxes and subsidies in order to cut emissions of greenhouse gases. These moves have already added Ł100...
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He's learned his lesson about risky loans, but Obama wants to increase research grants The auto industry isn't very happy with the federal government. After two decades of inaction on the fuel economy, President George W. Bush (R) and his successor, current President Barack H. Obama (D) have pushed legislation through Congress to stiffen fuel economy rules. Those rules have cost the industry billions. But both Presidents tried to make up with automakers by pushing federal funding initiatives that help automakers with the cost of fuel economy research, on the taxpayer dollar. I. After a Decade and a Half...
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President Barack Obama is expected to call Friday for an energy fund that would spend $2 billion over 10 years to focus on research on “green” fuel sources for vehicles.The proposal would be funded mostly from royalties the government gets from offshore drilling, administration officials said in a teleconference with reporters.No additional drilling would be needed; instead, more money is expected from streamlining permitting process, increased production, and other proposed changes.
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While many have long seen America as the global bad boy, everybody likes Canada. If Uncle Sam tucks his pack of Marlboros under his T-shirt sleeve and plays by his own rules, the Canadian moose -- or whatever their Uncle Sam equivalent is -- always wears his blue blazer and school tie and does his chores without being asked. Canada is a global citizen, a good neighbor, a northern Puerto Rico with an EU sensibility that earns its gold stars from the United Nations every day. This fact should have relevance below the 49th parallel. Right now, we're all...
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A recent article by Brad Plumer at the Washington Post outlines the tension between climate change goals and the need to provide “energy impoverished” nations with access to electricity. “If we want to limit the amount of carbon-dioxide in the atmosphere and hit that 2°C goal, we’ll have to replace about 80 percent of our current fossil-fuel use with carbon-free energy and then use only carbon-free energy to meet our future needs,” he writes. “That’s hard enough.” “But if we want everyone in the world to have as much energy as the average Bulgarian enjoys, then we’ll need twice as...
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