The Department of Energy (DOE) Friday finalized grants for four solar energy projects. The guaranteed funds being made available to the companies total more than $4.7 billion. Earlier in the week, the DOE awarded separate loan guarantees worth one billion dollars for two solar power plants and one cellulosic ethanol biorefinery.
The decision comes several weeks after the Obama administration announced that Solyndra, a California-based solar energy component manufacturer, was awarded a $535-million loan guarantee. This bureaucratic boon came to Solyndra despite the fact that in 2009 the company had filed for bankruptcy and laid off 1,100 workers. The grant, the circumstances surrounding it, and the recipient’s obvious lack of demonstrable viability combined in a cocktail of controversy that the President is still imbibing.
In addition to the foregoing financing, the DOE announced an additional guaranteed funding totaling $737 million for the construction of the Crescent Dunes Solar Energy Project, a 110-megawatt solar-power-generating facility in Nye County, Nevada. The project is being spearheaded and overseen by Tonopah Solar, a subsidiary of California-based SolarReserve.
Despite the facts produced by the DOE itself regarding the questionable economic feasibility of financing solar and wind power versus traditional sources of energy, the Secretary of the Department wrote in a statement accompanying the announcements:
Claiming that the United States “can’t afford” to lose the race to develop the technologies necessary for a transition to a green economy, Acting Commerce Secretary Rebecca Blank defended the dispersal of millions of dollars in federal funds to the winners of the government’s i6 Green Challenge.
The i6 Green Challenge is undeniably a very small program; the challenge website acknowledges that approximately $12 million was available for “proof of concept” models. Under business-as-usual in Washington, D.C., the expenditure of $12 million would look like a departmental rounding error. In part, the i6 Green Challenge awards will receive a measure of public scrutiny because of the scandal surrounding President Obama’s favorite (at least until recently) example of a corporation of the new “green economy” — Solyndra — which recently found itself under investigation in connection with $535 million in loan guarantees that it had received from the federal government. The image of Solyndra being raided by FBI agents may continue to linger for a time — much to the chagrin of the President and his standard bearers in government and the media.
An article for CNSNews (“Acting Commerce Secretary: Despite Failures, ‘U.S. Can’t Afford’ Not to Subsidize Green Tech”) highlights the “good money after bad” strategy being employed by the White House: In short, pay no attention to the scandals and lack of success — the “green economy” must be pursued at any cost.
The U.S. Environmental Protection Agency (EPA) plans to tighten regulations on natural gas drilling based on grossly exaggerated estimates of greenhouse-gas emissions, according to new industry research.
In its report MisMeasuring Methane: Estimating Greenhouse Gas Emissions from Upstream Natural Gas Development, the independent energy analysis firm IHS Cambridge Energy Research Associates (CERA) reveals, "EPA's current methodology for estimating gas field methane emissions is not based on methane emitted during well completions, but paradoxically is based on a data sample of methane captured during well completions." (Emphasis in original.)
The agency's meager "data sample" is based on two slide presentations made at EPA-sponsored workshops, one in 2004 and one in 2007. CERA researchers explain that EPA recorded captured methane at a small sample of wells and now assumes every well in the country releases equivalent levels of methane without operators capturing any of it.
It took one man, working tirelessly in his private laboratory, to light up the world. The invention of the electric light bulb by Thomas A. Edison was the work of an individual, not a collective, not the government. Yet its impact on the world was greater, more productive, and more beneficial than anything that 10,000 government bureaucrats could dream up. The purpose of the government was to secure Edison’s God-given rights to life, liberty, and the pursuit of happiness. It was not to help him invent anything. Its purpose was to leave him alone to do what he did best: invent new wonders that changed the world.
But today, the government can’t keep its hands off anything, including Edison’s great invention. Through a new law entitled “The 2007 Energy Independence and Security Act,” the government has mandated phasing out Edison’s remarkable invention and replacing it with a more expensive Compact Flourescent Light Bulb (CFL), which according to lighting engineer Howard Brandston, poses a risk to public health and safety. He testified before the Senate Energy and Natural Resources Committee on March 11, stating the following:
The compact fluorescent lamp contains mercury. One gram of mercury will pollute a two-acre pond. This 2007 light bulb standard brings a deadly poison into every residence in our nation.
We do not have enough knowledge of the potential consequences of being continuously exposed to the electromagnetic field that compact florescent lamps emit. There are millions of people in this country with lupus, an auto-immune disease. Exposure to low doses of light from these lamps causes a severe rash.
Despite ongoing controversy over the federal government’s scandalous loan guarantee to the now-bankrupt Solyndra, a $25 billion green-car loan fund has managed to avoid the congressional guillotine. The Department of Energy’s Advanced Technology Vehicles Manufacturing (ATVM) loan program, which was established during the Bush years and began dispensing funds during the Obama administration, is designed to provide debt capital to the auto industry and assist manufacturers in retooling facilities and equipment and improving fuel economy for vehicles manufactured in the United States.
In his 2011 State of the Union Address, President Obama vowed to "break our dependence on oil" and pledged that the United States would "become the first country to have one million electric vehicles on the road by 2015." Considering the ATVM loan program and consumer offerings such as Cash for Clunkers, the President’s proclamation is not a market goal, but a government goal, and as he perceives it, such a target is only achievable through government-sponsored loans and subsidies.
The ATVM program has become a hot target for conservatives, but Senate Republicans choked legislative efforts from House Republicans to shave the $25 billion program by $1.5 billion to help avert a government shutdown and outweigh new spending for disaster relief.
As the Solyndra bankruptcy debacle begins to unwind, President Obama and political leaders will find that an increasingly bright light is shone on the federal government’s mischievous administration of green energy loans and subsidies. William Yeatman, energy policy analyst at the Competitive Enterprise Institute (CEI) — a think tank promoting free markets and limited government — testified at a House Water and Power Subcommittee of the Natural Resources Committee hearing Thursday on a contentious loan program orchestrated by the Western Area Power Administration (WAPA), a power marketing administration within the U.S. Department of Energy.
Packaged in the American Recovery and Reinvestment Act (ARRA) — Obama’s 2009 economic stimulus plan — the $3.25 billion WAPA loan was authorized to finance various energy projects relating to renewable energy generation. Naturally, the solar technology manufacturer Solyndra, and its controversial bankruptcy, recent FBI raid, and special-interest scandal that left taxpayers on the hook for $535 million, has brought into question the financial viability of taxpayer-funded investments in green energy.
The U.S. House of Representatives has passed the TRAIN Act, which calls for establishing a committee to analyze the economic impact of recent regulations imposed by the Environmental Protection Agency (EPA). Representatives John Sullivan (R-Okla.) and Jim Matheson (D-Utah) introduced the bill in May. "TRAIN" is short for the bill's imposing title, "Transparency in Regulatory Analysis of Impacts on the Nation Act of 2011."
"Taxpayers deserve an honest accounting how much EPA's regulations are costing our economy and hurting American consumers," declared Sullivan. "[T]he EPA's regulatory train wreck is killing our economy and costing American jobs."
The bill includes an amendment to delay EPA's Utility MACT (maximum achievable control technology) and new transport rules which set unprecedented emissions standards on large institutions. It forces EPA's rules to wait six months after completion of the TRAIN Act analysis.
The government of Uganda and the“carbon credits” firm New Forests Company — accredited by the United Nations and largely financed by the World Bank and the European Union — are under intense public pressure after evidence emerged that over 20,000 poor Ugandan farmers were brutally evicted from their lands in order for the U.K.-based company to plant trees. The atrocities, publicized in a September 22 report by the non-profit aid group Oxfam, have made headlines around the world.
Under the guise of saving the environment from global warming and climate change, armed enforcers reportedly burned locals’ houses to the ground — along with at least one child who was inside his home when it was set ablaze. The goon squads also reportedly terrorized and beat the residents, threatening to murder anyone who resisted.
“We were beaten by soldiers. They beat my husband and put him in jail,” Naiki Apanabang, who obtained her family’s land in recognition of her grandfather’s military service, told Oxfam investigators. “The eviction was very violent.” Apanabang and her eight children no longer have enough food to eat — let alone money for schooling.
Interior Secretary Ken Salazar said in an AP interview on September 21 that the Obama administration will continue to support solar power. He made the statement despite the growing scandal over $528 million in loan guarantees to the now-bankrupt California solar power company Solyndra and the practical failure of myriad “alternative energy sources” such as wind and solar power. "I think the future for solar energy is bright. It's not going to be a perfect path where every project proposed is going to be built toward completion." He added that the case of Solyndra demonstrated the challenges facing solar energy industries. Other politicians, such as Governor Brown, stand firmly behind the concept of such government-sponsored enterprises.
Alternative energy, as it is commonly called, is energy that private investors have not pursued in the absence of government help. The search for such energy has been ongoing for the last 38 years, at least, when the OPEC nations embargoed oil around the time of the Yom Kippur War. Government support for alternative energy sources has existed since at least Jimmy Carter’s speech on a future of austerity while he was wearing a cardigan sweater in the White House.
The Obama administration is proposing new automobile regulations, including a doubling of fuel economy requirements, that will make cars more expensive and less safe while costing thousands of jobs, according to the National Automobile Dealers Association (NADA). Meeting in Washington, D.C., to lobby against the proposed regulations, NADA circulated a handout called “A Flawed Fuel Economy Structure Produces a Flawed Result” that describes the expected outcomes of those rules. A copy was provided to CNSNews.com, which also interviewed NADA’s director of legislative affairs and communications, Bailey Wood.
The most significant new mandate is a Corporate Average Fuel Economy (CAFE) standard of 54.5 miles per gallon, to be met in 2025. “The increase piggybacks Obama’s 2009 mandate for a CAFE average of 35.5 by 2016,” says Popular Mechanics, “and is the largest mandatory fuel economy increase in history.” The administration claims this requirement will reduce America’s dependence on foreign oil — an objective all previous CAFE standards failed to achieve — and cut down on carbon emissions, thereby reducing the threat of “global warming.”