Former Congressman William D. Delahunt from Massachusetts established a lobbying firm, the Delahunt Group, soon after retiring as one of the federal legislature’s most liberal lawmakers. After claiming an office on the 16th floor of a Boston skyscraper, Delahunt launched his business, and one of his first clients was the small town of Hull, on Massachusetts Bay, which agreed to pay him $15,000 a month for assistance in launching a wind energy project.
Feeling pain at the gas pump? Congressman Dennis Kucinich thinks he has a solution: Tax “unreasonable” oil company profits. The Ohio Democrat has introduced the Gas Price Spike Act, which he claims will “reduce the price of gasoline” by confiscating part or all of an oil company’s profits that exceed an amount deemed “reasonable” by a panel of unelected bureaucrats.
President Obama rejected a permit to expand the controversial Keystone pipeline Wednesday, blaming Republicans for ordering a hurried deadline that, he claimed, did not provide sufficient time for officials to review the plan. "The rushed and arbitrary deadline insisted on by Congressional Republicans prevented a full assessment of the pipeline's impact, especially the health and safety of the American people, as well as our environment," the President said in a statement.
The White House disputed that the pipeline provision that Republicans attached to the short-term payroll tax cut extensions last year — which forced the Obama administration to make a decision in two months — is what dismantled the project. "This announcement is not a judgment on the merits of the pipeline, but the arbitrary nature of a deadline that prevented the State Department from gathering the information necessary to approve the project and protect the American people," Obama charged in his written remarks. "I'm disappointed that Republicans in Congress forced this decision, but it does not change my administration's commitment to American-made energy that creates jobs and reduces our dependence on oil."
TransCanada’s Keystone XL, which would transport Canadian crude oil from Alberta, Canada, to southern parts of the United States, has been battling an ongoing review from the State Department, and despite receiving several other federal, state, and local approvals, the department retracted from signing off on the project last year after environmental groups and Nebraska lawmakers protested the measure.
Another taxpayer-funded solar-panel company, Willard & Kelsey Solar Group LLC, is undergoing operational issues, as it recently laid off about 40 people indefinitely due to delays in its production line. CEO and board chairman Michael Cicak would not comment on the timeline of the production changes or when the laid-off employees might return to their jobs.
Human rights activist Kerry Kennedy, ex-wife of New York Governor Andrew Cuomo and daughter of the late Robert F. Kennedy, stands to rake in millions from her seemingly selfless defense of the oil-drilled rain forest in Ecuador. An Ecuadorean appeals court recently upheld a ruling that Chevron Corporation, the U.S. oil giant, should pay $18 billion in damages (which the company is now appealing) to plaintiffs who accused the company of inflicting environmental damage on the Amazon jungle — in what Kennedy called "the biggest corporate environmental disaster on the face of the Earth."
The U.S. Chamber of Commerce targeted the Obama administration Thursday with a call to authorize the controversial Keystone XL pipeline, which would transport Canadian crude oil from Alberta, Canada, to southern parts of the United States. TransCanada’s 1,700-mile pipeline has been battling an ongoing review by the State Department, and while a final stamp of approval was expected last fall, the Obama administration folded to Democratic lawmakers and environmental groups in November, deciding to suspend its verdict until 2013.
The Chamber’s plea arrived a day after Obama held a White House meeting with U.S. business leaders to announce a new plan designed to boost job "insourcing." "In the next few weeks, I will put forward new tax proposals that reward companies that choose to bring jobs home and invest in America — and eliminate tax breaks for companies that move jobs overseas," the President declared. "Because there is opportunity to be had, right here."
At a press conference Thursday, Bruce Josten, the Chamber’s executive vice president for government affairs, referenced Obama’s job-creation rally cry. However, Josten affirmed, "The president missed the biggest in-sourcing opportunity yesterday and it’s called the Keystone Pipeline."
The Obama administration’s track record with taxpayer-funded, green-tech subsidies is severely flawed, and according to new documents obtained by CBS News, its failures were all too predictable. The Energy Department's $535-million loan guarantee to Solyndra is, at least publicly, its most illustrious investment blunder, as the company went bankrupt last year leaving taxpayers with a hefty bill and putting more than 1,000 employees out of work.
All in all, 12 green energy companies are in financial disorder after collectively receiving more than $6.5 billion in government assistance, five of which have already filed for bankruptcy, including Solyndra, Beacon Power, SpectraWatt, Evergreen Solar, and AES’ subsidiary Eastern Energy. According to CBS News, these green-tech ventures were junk-bond-rated companies with red flags planted all over them.
The first company under the spotlight is Beacon Power, a flywheel-based energy storage company which reaped $43 million from the Energy Department’s green energy program. The documents obtained by CBS News show that Standard & Poor’s had confidentially branded the Beacon project with a dismal "CCC+" rating, previous to the loan’s completion.
President Obama lauded the hard work and dedication of Environmental Protection Agency (EPA) employees on Tuesday, assuring them that he will stand by their side amid a burgeoning sentiment from congressional Republicans that the EPA's environmental regulations will devastate the economy and kill American jobs.
He also told EPA Administrator Lisa Jackson and the roughly 800 EPA employees who gathered at the headquarters in Washington that new government regulations on power plant emissions will save "thousands" of lives and inhibit "cases of childhood asthma."
"Just a few weeks ago, thanks to the hard work of so many of you, Lisa and I were able to announce new common-sense standards to better protect the air we breathe from mercury and other harmful air pollution," Obama professed, referring to new federal rules adopted in December to regulate mercury and other emissions from coal power plants. "And because we acted, we’re going to prevent thousands of premature deaths, thousands of heart attacks and cases of childhood asthma."
In his succinct monologue, the President added that EPA regulations can help generate jobs and promote economic growth, such as through jobs wherein people work to restore contaminated areas and through fuel-efficient vehicles that will ease the burden of high gas prices so that consumers can "go spend on something else."
In 2007, Congress passed and President George W. Bush signed the Energy Independence and Security Act (EISA). In keeping with Bush’s 2006 State of the Union pledge to make ethanol “not just from corn but from wood chips and stalks of switch grass … practical and competitive within six years,” the law included subsidies for ethanol production and mandates for its use. By 2011, oil companies were required to blend 250 million gallons of this cellulosic ethanol into their gasoline. The mandate doubled for 2012, and by 2022 it will be 16 billion gallons.
Like many other Republicans, Sen. Orrin Hatch, Utah’s senior Senator, has been a vocal critic of President Obama’s support for Solyndra, the bankrupt California solar panel manufacturer. Once a prime showpiece of “green energy” and one of the top technology darlings of the Obama administration, Solyndra failed spectacularly last year — after having been lavished with $535 million in federal loan guarantees, as well as a $25-million tax break from the state of California.
Sen. Orrin Hatch can be seen here calling Obama’s support for Solyndra a “disgrace” on a September 22, 2011 program with Fox News commentator Greta Van Susteren.
And a costly disgrace it is, one that Republicans are eager to turn into a political albatross around President Obama’s neck in this election year. However, Sen. Hatch, who also stands for reelection in 2012, has his own Solyndra albatross to contend with. And unlike President Obama, Sen. Hatch has the added embarrassment of having a failed, federally financed “green” showcase facility named after him. In gratitude for his unstinting support, Utah-based Raser Technologies named its major geothermal plant in his honor. Sen. Hatch was on hand for the company’s 2008 groundbreaking ceremony for “The Hatch Plant,” another federally financed model of “clean” energy which has filed for bankruptcy.