Posted on 03/02/2023 5:59:18 PM PST by E. Pluribus Unum
Democrats’ persistent calls for far-reaching climate policies are less about genuine concern for the environment and more about political power — and money.
According to a new analysis by the Washington Free Beacon, Joe Biden’s “clean energy economy” agenda, which he has advanced with billions in taxpayer dollars, has been very good for the pocketbooks of influential Democratic donors like Bill Gates and Laurene Powell Jobs.
In the last two months, the Biden Energy Department has announced approximately $3 billion in loans to the electric-battery companies Redwood Materials and Ioneer. Both these companies received seed funding from Jobs and Gates, as well as from other progressive billionaires.
Thus, the campaign contributions made by these Democratic megadonors can be said to have been investments which are visibly paying off. In the case of Ioneer, the company’s stock price soared by 33 percent after the $700 million in loan money from Biden was announced.
The money for the above-mentioned companies is from the Energy Department by way of its Loan Programs Office, which has been marked by controversy before.
Under Barack Obama, the office greenlighted a $529 million loan to Fisker, an electric-car maker. Fisker went on to declare bankruptcy in 2013, and in the end was bought by China.
Following that disaster, the Loan Programs Office went quiet for a time. Then, Biden revived it with a whopping $300 billion infusion from his Inflation Reduction Act.
When word of that funding got out, Biden’s detractors cried foul. Among them was Senator Tom Cotton (R-Ark.), who said the money might be used as a “green energy slush fund.”
The senator was not far off the mark.
(Excerpt) Read more at thenewamerican.com ...
If we can prevent the average temperature in San Diego from rising from 68 to 69 degrees, we all win
I just read some reports that South Africa’s electric power grid is about to collapse. The Marxist ANC has been in power since the 1990s, so all of power is managed by the government. The idiots have drunk the ‘green’ kool-aid. The have, or will soon, stop digging and using coal. They already have 12-hour blackouts. If their grid completely collapses, anarchy and civil war are next.
I remember what a black man stated after visiting the current South Africa; he stated that he was thankful his ancestors who were slaves came over to America, that he could not imagine the real poverty that he witnessed. The poor in America live like the kings of not so long ago.
Every direct and indirect organization designed around Green anything has always been a money laundering operation to extract taxpayer cash for fun, fun, fun until daddy takes the T-bird away.
Then a cloud blocked the Sun for 10 minutes and destroyed the higher temperature average used to justify existence of global warming.
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