Free Republic

The Climate Imperative Foundation is the newest and richest anti-hydrocarbon, anti-natural gas group you’ve never heard of. How rich is Climate Imperative? According to the latest report from Guidestar, the group took in $221 million in its first full year of operation. (Guidestar calls the income “gross receipts.”) That means that Climate Imperative, which is less than three years old, is already taking in more cash than the Sierra Club, which bills itself as the “nation’s largest and most influential grassroots environmental organization.” According to Guidestar, the Sierra Club collected $180 million in its latest reporting year. Climate Imperative is...

Where did green-energy cash go? Straight to campaign donors. Read more about Peter Schwiezer’s Throw Them All Out in the new Newsweek on sale Monday. When President-elect Obama came to Washington in late 2008, he was outspoken about the need for an economic stimulus to revive a struggling economy. He wanted billions of dollars spent on “shovel-ready projects” to build roads; billions more for developing alternative-energy projects; and additional billions for expanding broadband Internet access and creating a “smart grid” for energy consumption. After he was sworn in as president, he proclaimed that taxpayer money would assuredly not be doled...

Steve Westly's career has long straddled the worlds of progressive politics and alternative energy. Now Westly's roles bankrolling green-energy-firms such as Tesla Motors (TSLA) and alternative energy-friendly politicians such as President Obama have drawn questions about whether the former eBay (EBAY) executive and Democratic state controller's investments unduly benefitted from his political connections. An investigative report this week by the nonprofit Center for Public Integrity in Washington, D.C., and ABC News suggested that after Westly raised $500,000 for Obama's presidential bid, cleantech firms backed by his Menlo Park venture capital firm clinched more than a half-billion dollars in federal aid....

When the White House announced the federal government would loan $465 million to Tesla, a California start-up company with plans to develop an all-electric sedan, President Obama called it an "historic opportunity to ensure that the next generation of fuel-efficient cars and trucks are made in America." The loan also represented a lucrative opportunity for Steve Westly, a major investor in the car company who had raised more than $500,000 for the president's campaign. In 2009, the U.S. Department of Energy lent more than half a billion dollars to companies backed by Westly's California venture capital firm. In 2010, the...

The reinvention of Meg Whitman continues apace. The former eBay (EBAY) chief has been joining corporate boards at the rate of one a month in the wake of last year's unsuccessful run for governor. On Tuesday, powerhouse venture capital firm Kleiner Perkins Caufield and Byers announced Whitman is joining as a part-time strategic advisor. Whitman will coach entrepreneurs and help evaluate new digital investments, according to a statement. "Her experience and strategic advice will be invaluable," said Kleiner Perkins partner Ted Schlein. Whitman, in the statement, called Menlo Park-based Kleiner "fabulous advocates for technology-based start-ups." Whitman in January joined the...

The White House has released the list of tech leaders meeting with President Obama this evening in San Francisco: • John Doerr, Partner, Kleiner Perkins Caufield & Byers • Carol Bartz, President and CEO, Yahoo! • John Chambers, CEO and Chairman, Cisco Systems • Dick Costolo, CEO, Twitter • Larry Ellison, Co-Founder and CEO, Oracle • Reed Hastings, CEO, NetFlix • John Hennessy, President, Stanford University • Steve Jobs, Chairman and CEO, Apple • Art Levinson, Chairman and former CEO, Genentech • Eric Schmidt, Chairman and CEO, Google • Steve Westly, Managing Partner and Founder, The Westly Group • Mark...

President Barack Obama will visit the Bay Area Thursday to meet with high tech business leaders -- a session that will stress jobs, innovation, green tech and education themes, White House sources tell the Chronicle. So far, no information on where the meeting will be held -- or whether any part of it will be public -- but here's what we know from a White House official: the session is "a part of our ongoing dialogue with the business community on how we can work together to win the future, strengthen our economy, support entrepreneurship, and get the American people...

You and I know it was never about facts, it was about hyping the green dream. Just look at the numbers. First from the opposition:Of course they don’t dare mention the amount of money their side has put into it, because, well, that would look imbalanced. Now have a look at the other side of the issue from the legislator who spearheaded the effort:Logue: Big money beat Proposition 23 By LARRY MITCHELL – Staff Writer CHICO — Assemblyman Dan Logue, R-Linda, said big money defeated Proposition 23, which would have put the brakes on Assembly Bill 32, the state’s...

Much has been written about the oil and gas billionaire Koch brothers and their multimillion-dollar donations to right-wing causes. Charles and David Koch’s combined $43 billion wealth has made them virtually unstoppable this election cycle; even prolific left-wing philanthropist George Soros recently said he was powerless against the “avalanche” of donations from conservative billionaires like the Kochs. However, in recent days a handful of liberal billionaires have decided to take on the Kochs in one of the most hotly contested battles this election season: Proposition 23, the California ballot that may well prove a bellwether for the future of energy...

The Truth on Carly's Prop 13 Claim Carly Fiorina directly attacked a cornerstone of California's conservative movement -- and one of the few institutional protections California's property owners enjoy. In short, she attacked Proposition 13. And there's proof. Below, I'm appending a rather interesting little op-ed from the March 2nd, 2000, San Jose Mercury-News. It's by one Carly Fiorina and John Doerr (then as now a venture capitalist and partner at Kleiner Perkins Caufield & Byers), and it enthusiastically endorses California's Proposition 26 of 2000. What was 2000's California Proposition 26? In brief, it was an attack on the provisions...

It was two weeks ago, that Al Gore challenged Americans to "move quickly and boldly to shake off complacency, throw aside old habits and rise, clear-eyed and alert, to the necessity of big changes" by jumping on his alternative energy bandwagon. In a much-hyped speech July 17, the former vice president urged the nation "to commit to producing 100 percent of our electricity from renewable energy and truly clean carbon-free sources within 10 years." Gore acknowledged that achieving his ambitious goal would be difficult: "To be sure, reaching the goal of 100 percent renewable and truly clean electricity within...

Santa Barbara, California - Participating in a conference of green-tech entrepreneurs, venture capitalists, corporate executives and environmental and business journalists, Governor Arnold Schwarzenegger again today explained how California's environmental policies and focus on booming clean- and green-tech industries will help the state weather a slowed-down economy. He spoke about California's wave of growth in the green technology industry during a conversation at the Wall Street Journal's ECO:nomics Conference in Santa Barbara. "California's environmental policies are driving a whole new industrial revolution in our state that is opening up huge opportunities for California companies to grow and strengthening our economy at...

Some of the world's wealthiest are going green, spending their own greenbacks to protect the environment and fight global warming. In honor of the 37th annual Earth Day this Sunday, we are highlighting our picks for the 11 greenest billionaires. These moguls have made significant commitments to the environment, whether through investment in technology, commitment to earth-friendly living or simply by raising the world's environmental awareness. Among the green billionaires are high-profile folks like Microsoft (nasdaq: MSFT) co-founders Bill Gates and Paul Allen. Gates' investment firm invested $84 million in California's Pacific Ethanol (nasdaq: PEIX), which makes ethanol from corn;...

Silicon Valley’s technology investors have taken to the ramparts, threatening to tear down the oil and gas industries’ dominance with innovations that use ethanol, solar and wind. A chief champion of the cause has been Kleiner Perkins Caufield & Byers, one of the marquee venture capital firms. Its principals, John Doerr in particular, have passionately advocated development of alternative energies as a way to create energy independence and clean up the carbon-saturated atmosphere. But Kleiner has also poured millions of dollars into Terralliance, a company that makes technology to enable more efficient drilling of oil and gas. The investment underscores...

If David and Goliath were alive today, they would likely take time out from their battle to cast a ballot against Proposition 88. So, too, would the feuding Hatfields and McCoys. Such is the diversity and unanimity of opposition to this ill-conceived tax increase. Proposition 88 on the November ballot will raise property taxes. This tax would be imposed by the state and would be in addition to any fees, assessments, bonds and the local property tax regulated by Proposition 13 that homeowners already pay. Considering that 10 million property owners would face higher property taxes if Proposition 88 passes,...

The principal financial backer of a statewide parcel tax initiative has apparently stopped funding the drive, leaving supporters without the kind of cash, staff and ads typically needed for a full-fledged campaign. Political consultant Rick Claussen said he has advised Netflix CEO Reed Hastings to "let go" of Proposition 88, which would establish a $50 parcel tax on all property for public school funding. "Because of the anti-tax sentiments right now, we took a look at the measure and felt it was better to let go of this one and regroup and decide where we might go in the future,"...

A magazine news article warned of the impending doom of climate change: "There are ominous signs that the Earth's weather patterns have begun to change dramatically and that these changes may portend a drastic decline in food production, with serious political implications for every nation on Earth. The drop in food output could begin quite soon, perhaps only 10 years from now. ... The evidence in support of these predictions has now begun to accumulate so massively that meteorologists are hard-pressed to keep up with it." You might be surprised that this gloomy scenario refers to global cooling, and comes...

SACRAMENTO – Californians could eventually see subtle and dramatic innovations in grocery stores, new-car showrooms and kitchens if Republican Gov. Arnold Schwarzenegger and leading Democrats agree on legislation aimed at slowing global warming. Venture capitalists and entrepreneurs say a commitment from the state to regulate greenhouse gases would send a confidence-building signal to the marketplace, spurring a clean-tech revolution on par with the surge in high-tech and biotech that has helped drive California's economy. Bill's highlightsKey elements of global warming measure AB 32: • Requires businesses to roll back carbon dioxide emissions to 1990 levels by 2020, a potential 25...

SACRAMENTO - A hotly contested bill to reduce greenhouse gas emissions in California would spur a wave of new clean-energy technology, prominent Silicon Valley venture capitalist John Doerr predicted Wednesday. Entrepreneurs ``are going to go out and compete and innovate to bring enormous solutions to the market'' if the bill passes, Doerr, a partner at Kleiner Perkins Caufield & Byers, said at a news conference at the Capitol. He was joined by Assembly Speaker Fabian Núñez, D-Los Angeles, and executives from several alternative-energy companies. Assembly Bill 32, sponsored by Núñez and Assemblywoman Fran Pavley, D-Woodland Hills, would mandate cuts in...

Backers of a measure that would hit energy companies drilling in California with $4 billion in new taxes planned to start running a hard-hitting TV ad across the state today urging voters to "make oil companies pay.'' There's nothing subtle about the new ad, said Paul Begala, a consultant for Proposition 87. "We're not shy; our most important goal is to get California off its dependence on oil,'' said Begala, a former Clinton White House aide and CNN television commentator. "If you want support, you have to build support.'' Prop. 87 would tax companies for oil pumped in California, based...