Keyword: greenenergy
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Many Europeans complain about their high energy costs, largely due to their increasing dependence on renewables — the most costly energy sources. ... This is killing European economies. Electricity costs in Europe are more than double the cost of electricity in the U.S. High electricity costs make it difficult for businesses to operate if they need a lot of electricity.
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After the Department of Energy announced this week ithad given up on not-bankrupt-but-should-be Fisker Automotive, and will auction off its loan for a pittance, you’d think (and hope) Congress would have had enough of this kind of thing. Senator John Thune certainly has. “The Obama administration has gotten into the business of picking winners and losers at a significant cost to taxpayers,” said the South Dakota Republican yesterday. “I’m calling for the Senate to consider my amendment to eliminate the wasteful ATVM loan program and for my colleagues to join me in protecting taxpayer dollars from any future risky green...
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We’ve said it before, and we’ll say it again: shale gas is fracking green. A new study confirms that natural gas helps decrease greenhouse gas emissions by displacing the much dirtier and more carbon intensive coal. The study was conducted by researchers at the University of Texas at Austin, and it pokes a hole in one of the last gripes greens have about the American shale boom. Prominent greens like Bill McKibben and the misleading documentary filmmaker Josh Fox have criticized fracking for leaking the potent greenhouse gas methane into the atmosphere, nullifying the fact that burning natural gas emits...
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Aleo Solar AG, a German solar-module manufacturer that has its U.S. headquarters in Denver, said it will withdraw from the United States immediately. ... the US operation had failed to meet recent sales targets and was not operating profitably
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It looks like General Motors is attempting to make up for the money it loses on every Chevy Volt in volume as August sales, spurred by recent price cuts, reached an all-time high of 3,351. The fact that the car has been on the market for about three years and initial much-hyped proclamations from GM would have put sales at 20,000 per month by now goes unrecognized by those that think 3,351 vehicles is a lot of cars to sell in a month. To put the sales in perspective, it took Toyota about 2 ½ days to sell that many...
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Syria isn’t the only battle into which President Obama is injecting himself where he doesn’t belong. True, on a global scale, Arizona’s fight over net metering seems insignificant. However, on a personal scale, what is taking place in Arizona’s sunny desert has the potential to directly impact far more Americans than the shots being fired in Syria’s desert. Syria’s conflict is often called a proxy war in that it is an indirect confrontation between superpowers via substitute actors. According to the definition of a proxy war found on the Intro to global security blog, “Modern non-state actors do not necessarily...
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As I say, though, the Keystone pipeline will save everyone a lot of money and headaches, and the Canadians are understandably way past impatient with the Obama administration’s eternal dithering. Canadian Prime Minister Stephen Harper actually wrote to President Obama last week, wondering if they mightn’t work out a tit-for-tat of some kind: Prime Minister Stephen Harper has sent a letter to U.S. President Barack Obama formally proposing “joint action to reduce greenhouse gas emissions in the oil and gas sector,” if that is what’s needed to gain approval of the Keystone XL pipeline through America’s heartland, CBC News has...
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Paul Krugman has an interesting piece in the New York Times entitled “Years of Tragic Waste.” I thought for a brief second that Krugman was going to mention the reckless waste by the Obama Administration on green energy initiatives like GM’s VOLT, Solyndra or Fisker. Or high speed rail fantasies. But no. Krugman is whining that Congress and the Administration didn’t waste even MORE money! Take the recent example of VPG. From AP: The Energy Department conceded Friday that the federal government will lose $42 million on a loan to a shuttered Michigan van manufacturer — part of the same...
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WASHINGTON (AP) -- The Energy Department said Friday it will lose about $42 million on a loan to a now-shuttered Michigan company that made vans for the disabled.
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Humvee manufacturer AM General paid $3 million at auction to purchase the U.S. Department of Energy‘s loan to Vehicle Production Group, a defunct maker of wheelchair-accessible vans that struggled to meet performance targets and shut down earlier this year. Together with $5 million seized from the company’s accounts in April, that means the DOE recovered just $8 million of the $50 million it loaned VPG back in March 2011 under a government program designed to promote advanced technology vehicles. VPG’s plan was to sell handicapped vans that run on compressed natural gas. Taxpayers also took a loss on the collapse...
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Today is a great day not only in Australian history, but also in world history. It marks the day when people of character and sensibility pushed back against an overwrought and pointless green agenda, and pushed back in a big way. They’ve had enough, and they’ve scraped the Krudd off their shoes and are moving forward. Tony Abbot has won the Australian election in a landslide, and vows to abolish the carbon tax as a first order of business. Abbott has declared Australia is “once more open for business” in claiming victory in Saturday’s election. It is a huge blow...
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<p>I’ve written before that Obama’s Solyndra-style handouts have been a grotesque waste of tax dollars.</p>
<p>I’ve argued that they destroy jobs rather than create jobs.</p>
<p>I’ve gone on TV to explain why government intervention in energy creates a cesspool of cronyism.</p>
<p>I’ve even shared a column from Obama’s hometown newspaper that criticizes the rank corruption in green-energy programs.</p>
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Germany's agressive and reckless expansion of wind and solar power has come with a hefty pricetag for consumers, and the costs often fall disproportionately on the poor. Government advisors are calling for a completely new start. If you want to do something big, you have to start small. That's something German Environment Minister Peter Altmaier knows all too well. The politician, a member of the center-right Christian Democratic Union (CDU), has put together a manual of practical tips on how everyone can make small, everyday contributions to the shift away from nuclear power and toward green energy. The so-called Energiewende,...
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… The government predicts that the renewable energy surcharge added to every consumer’s electricity bill will increase from 5.3 cents today to between 6.2 and 6.5 cents per kilowatt hour—a 20-percent price hike. German consumers already pay the highest electricity prices in Europe. But because the government is failing to get the costs of its new energy policy under control, rising prices are already on the horizon. Electricity is becoming a luxury good in Germany, and one of the country’s most important future-oriented projects is acutely at risk. After the Fukushima nuclear accident in Japan two and a half years...
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The “war on coal” has five new casualties. A lawsuit brought by environmental groups has forced the shutdown of five Indiana coal-fired power plants by 2018, totalling 668 megawatts of power. ... “While today’s settlement is a step in the right direction, more must be done to ensure that Hoosier families are protected from rising energy bills and the enormous health threats posed by Indiana’s reliance on coal-fired power plants,” said Jodi Perras with the Sierra Club’s anti-coal campaign. The Sierra Club and other environmental groups have been targeting coal plants nationwide for retirement, which they say contribute to global...
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Just when you thought the Loan Program Office in President Obama’s Department of Energy might put its unused electric auto loan money back in the Treasury coffers, the government investor-crats are going to try to find some takers for the dollars of disrepute that have been tainted by the likes of inoperative, nearly bankrupt Fisker Automotive and Vehicle Production Group. You might remember when we last heard about the condition of this program, it had trouble finding takers for the remaining $16.5 billion or so it had been allocated. According to a March report produced by the Government Accountability Office...
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With just weeks to go until state Sen. Angela Giron (D-Pueblo) is set to face voters in an unprecedented recall election triggered by her support for gun control legislation, a new radio ad is targeting the embattled lawmaker for backing an income tax hike and a controversial expansion of a government-imposed energy mandate. “Senator Angela Giron – so disappointing, so out of touch with Pueblo,” a female voice intones in the ad. “When big dollar interest groups pushed for more government energy mandates last spring, Senator Giron stood with them, not Pueblo. The results? Energy analysts promise higher utility bills...
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Environmental Protection Agency chief Gina McCarthy said natural-gas production — with the right safeguards — is a major piece of Obama administration efforts to combat global warming. “Responsible development of natural gas is an important part of our work to curb climate change and support a robust clean energy market at home,” she said Wednesday at a speech in Colorado, according to prepared remarks. The comments are part of a wider administration effort to cast the U.S. gas production boom as a way to help slow global warming. They come two weeks after Energy Secretary Ernest Moniz rejected claims that...
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Western-funded green groups are wrongly accusing mainland companies of causing environment destruction and creating social problems in Southeast Asia to restrain China's economic influence in countries along the Mekong River, a top government think tank claims in a new report published yesterday. Two studies, part of a Chinese Academy of Social Sciences annual report on co-operation and development in the Greater Mekong sub-region, admitted that agricultural, mining and hydro projects with Chinese investment had caused adverse environmental impact in countries including Myanmar, Laos and Cambodia. But international environmental groups working in the region, most of which receive funding from Western...
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Three months ago, the Obama administration made a little-noticed but potentially pivotal move in the stepped-up fight against climate change: it boosted the U.S. government's official estimate of the future economic damage caused by carbon pollution. The move should make it much easier for the EPA and other federal bureaus to enact tougher measures to crack down on emissions by showing that the greater benefits of such measures will justify their costs. "This has all the characteristics of a stealth approach toward making a greenhouse gas rule more justifiable by exaggerating the social benefits," said Luke Popovich, a spokesman for...
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