With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work.
Vice President Joseph Biden heralded the Energy Department’s $529 million loan to the start-up electric car company called Fisker as a bright new path to thousands of American manufacturing jobs. But two years after the loan was announced, the job of assembling the flashy electric Fisker Karma sports car has been outsourced to Finland.
Conservatives know well that Mitt Romney has so far refused to back away from his contention that anthropogenic global warming is real, and yet the former Massachusetts governor continues to lead the Republican race for the presidential nomination. In seven debates, none of Romney’s competitors have challenged him on this position. This week, however, the blog Moonbattery found a very interesting memo from Romney’s office in 2005 announcing tough new regulations on emissions and noting a partnership with a familiar conservative b’te noire in this administration (via Sundries Shack):
Governor Mitt Romney today announced that Massachusetts will take another major step in meeting its commitment to protecting air quality when strict state limitations on carbon dioxide (CO2) emissions from power plants take effect on January 1, 2006. …
Massachusetts is the first and only state to set CO2 emissions limits on power plants. The limits, which target the six largest and oldest power plants in the state, are the toughest in the nation…
In addition to reaffirming existing stringent CO2 limits, the draft regulations announced today, which will be filed next week, contain protections against excessive price increases for businesses and consumers. They allow power generation companies to implement CO2 reductions at their own facilities or fund other reduction projects off-site through a greenhouse gas offset and credits program.
In other words, the Romney administration in 2005 essentially did what Barack Obama’s EPA wants to do now. He imposed CO2 emission caps, “the toughest in the nation,” in an effort to curtail traditional energy production. Not only did Romney impose these costly new regulations, he then imposed price caps to keep power companies from passing the cost along to the consumer. As we have seen in RomneyCare, regulation and price controls eventually drive businesses into bankruptcy or relocation.
So what has happened to Massachusetts’ electrical production since signing these regulations into law? According to the EIA, whose latest data is for 2009, it dropped 18% in four years, from over 46 billion megawatt hours to 38 billion. International imports, however, went from 697 million megawatt hours in 2006 to 4.177 billion megawatt hours two years later, and to almost 5 billion megawatt hours in 2009, more than twice the amount imported in any of the previous twenty years.
And who advised Romney on these regulations? Why, none other than Obama’s chief science adviser, John Holdren…
With the Solyndra scandal still swirling, the Obama administration is under pressure to reveal the financial condition of the solar companies that received $4.75 billion in similar federal loan guarantees on the last day of the program.
Republican lawmakers on two House committees are seeking details about the loans given to First Solar, SunPower Corp. and ProLogis. Of those three companies, troubling financial revelations have emerged about SunPower, which sponsored a solar project that received a $1.2 billion loan, more than twice the money approved for Solyndra, which filed for bankruptcy last month after receiving a $528 million loan.
The Energy Department says on its website that the $1.2 billion loan to help build the California Valley Solar Ranch in San Luis Obispo County, a project that will help create 15 permanent jobs, which adds up to the equivalent of $80 million in taxpayer money for each job.
A small group of demonstrators was on hand in Minneapolis today for the arrival of a global warming author and speaker. Dr. Michael Mann spoke Wednesday at the Geological Society of America’s annual meeting at the Minneapolis Convention Center. Mann is a physicist and climatologist and is best known as one of the originators of a graph of temperature trends in the past one-thousand years, known as the ‘hockey stick graph.’
Members of the organization, Minnesota Majority, protested Mann’s Minneapolis speech calling it “fraudulent.” Dan McGrath was among the roughly 10 people protesting, calling Mann “among the most guilty parties in what we call the global warming scam.”
Newly released e-mails show the Obama administration’s Energy Department was poised to give Solyndra a second taxpayer loan of $469 million last year, even as the company’s financial situation grew increasingly dire.
The department was still considering providing the second loan guarantee to the solar-panel manufacturer in April and May 2010, at a time when Solyndra’s auditors were already warning that the company was in danger of collapsing.
Details of the plan are revealed in e-mails released this week by Democrats on the House Energy and Commerce Committee, which is investigating the original loan. On Wednesday, the probe intensified as committee Republicans requested that the White House provide all documents, dating back to President Obama’s inauguration, that would show communications between staff members and other officials regarding Solyndra’s original $535 million federal loan guarantee.
Republican leaders said that documents obtained in recent weeks show that Obama’s “closest confidantes” monitored the loan, and that his campaign donors offered advice on the company.
President Barack Obama’s “green jobs” initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan.
According to the Denver Post, the lab plans to eliminate between 100 and 150 of its 1,350 jobs. The Obama administration supported the NREL in 2009 with roughly $200 million in stimulus grants. Energy Secretary Stephen Chu visited Golden in May 2009 to promote the NREL as a beneficiary of those funds.
GOP claims that the Obama administration’s green energy loan guarantee program is mired in cronyism grew on Friday after a company tied to Nancy Pelosi’s brother-in-law got the lion’s share of the final government hand-outs made before Friday’s end of the fiscal year.
The decision to guarantee $737 million comes hard on the heels of the loss of more than $500 million of government money due to the bankruptcy of solar panel company Solyndra.
The new grant went to Tonopah Solar Energy, a subsidiary of SolarReserve, which started building Crescent Dunes, a massive solar-thermal plant in the Nevada desert in early September.
Calls for Honduran credits to be thrown out of ETS following alleged killings, while consultation process goes under review
By Arthur Neslen
The reported killing of 23 Honduran farmers in a dispute with the owners of UN-accredited palm oil plantations has called into question the integrity of the EU’s emission trading scheme (ETS), as carbon credits from the plantations remain on sale.In Brussels, Green MEP Bas Eickhout called the alleged human rights abuses “a disgrace”, and told EurActiv he would be pushing the European Commission to bar carbon credits from the plantations from being traded under the ETS. Several members of the CDM board have been “personally distressed” by the events in Bajo Agu’¡n, northern Honduras, according to the board’s chairman, Martin Hession, and have placed under review the CDM’s stakeholder consultation process.
“Plainly, the events that have been described are deplorable,” said Hession. “There is no excuse for them.” But because they took place after the CDM’s stakeholder consultations had been held, and fell outside the board’s primary remit to investigate emissions reductions and environmental impacts, it had been powerless to block project registrations.
At the heart of the issue are the reported murders of 23 local farmers who tried to recover land that they say was illegally sold to big palm oil plantations, such as Grupo Dinant, in a country scarred by widespread human rights abuses.
In a remote desert spot in northern Nevada, there is a geothermal plant run by a politically connected clean energy start-up that has relied heavily on an Obama administration loan guarantee and is now facing financial turmoil.
The company is Nevada Geothermal Power, which like Solyndra, the now-famous California solar company, is struggling with debt after encountering problems at its only operating plant.
After a series of technical missteps that are draining Nevada Geothermal’s cash reserves, its own auditor concluded in a filing released last week that there was “significant doubt about the company’s ability to continue as a going concern.”
It is a description that echoes the warning issued in 2010 by auditors hired by Solyndra, which benefited from the same Energy Department loan guarantee before its collapse in August caused the Obama administration great embarrassment.
More than 20,000 people were expelled from their homes.
By Josh Kron
According to the company’s proposal to join a United Nations clean-air program, the settlers living in this area left in a “peaceful” and “voluntary” manner.People here remember it quite differently.
“I heard people being beaten, so I ran outside,” said Emmanuel Cyicyima, 33. “The houses were being burnt down.”
Other villagers described gun-toting soldiers and an 8-year-old child burning to death when his home was set ablaze by security officers.
“They said if we hesitated they would shoot us,” said William Bakeshisha, adding that he hid in his coffee plantation, watching his house burn down. “Smoke and fire.”
According to a report released by the aid group Oxfam on Wednesday, more than 20,000 people say they were evicted from their homes here in recent years to make way for a tree plantation run by a British forestry company, emblematic of a global scramble for arable land.
“Too many investments have resulted in dispossession, deception, violation of human rights and destruction of livelihoods,” Oxfam said in the report. “This interest in land is not something that will pass.” As population and urbanization soar, it added, “whatever land there is will surely be prized.”
Across Africa, some of the world’s poorest people have been thrown off land to make way for foreign investors, often uprooting local farmers so that food can be grown on a commercial scale and shipped to richer countries overseas.
But in this case, the government and the company said the settlers were illegal and evicted for a good cause: to protect the environment and help fight global warming.
Those of us from Chicago know exactly what the Solyndra scandal smells like. And It doesn’t smell fresh and green.
By John Kass
The Solyndra scandal cost at least a half-billion public dollars. It is plaguing President Barack Obama. And it’s being billed as a Washington story.
But back in Obama’s political hometown, those of us familiar with the Chicago Way can see something else in Solyndra - something that the Washington crowd calls “optics.” In fact, it’s not just a Washington saga - it has all the elements of a Chicago City Hall story, except with more zeros.
The FBI is investigating what happened with Solyndra, a solar panel company that got a $535 million government-backed loan with the help of the Obama White House over the objections of federal budget analysts.
Obama and Vice President Joe Biden got a nice photo op. They got to make speeches about being “green.” But then Solyndra went bankrupt. Americans lost jobs. Taxpayers got stuck with the bill. And members of Congress are now in high dudgeon and making speeches.
Federal investigators want to know what role political fundraising played in the guarantee of the questionable loan. Washington bureaucrats warned the deal was lousy. And White House spokesmen flail desperately, like weakened victims in a cheesy vampire movie.
So forget optics. What about smell? It smells bad, and it’s going to smell worse.
Or, did you really believe it when the White House mouthpieces — who are also Chicago City Hall mouthpieces — promised they were bringing a new kind of politics to Washington?
This is not a new kind of politics. It’s the old kind. The Chicago kind.
The top two executives of a solar-energy company that filed for bankruptcy after getting $528 million in loan guarantees from the Obama administration said Tuesday that they will invoke their constitutional rights against compelled self-incrimination when they appear at a Congressional hearing.
The chief executive of Solyndra, Brian Harrison, and Bill Stover, the chief financial officer, hired lawyers in preparation for the hearing this week before the House Energy and Commerce committee and got advice not to say anything, according to a representative of the lawyers.
The offices and the homes of some executives of Solyndra, a California solar-panel manufacturer, were recently raided by the F.B.I. as part of a criminal inquiry into the bankruptcy. The company said in a statement that it was “not aware of any wrongdoing by Solyndra officers, directors or employees in conjunction with the DOE loan guarantee or otherwise.â€
President Obama on Green Jobs at 2011 State of the Union Address
Obama Regime Steals Billions from Taxpayers – Blows it on Failed Green Projects
By Jim Hoft
The Obama Administration spent nearly half of the $38.6 billion ($17.2 billion) set aside for his green energy programs and was only able to create 3,545 permanent green jobs. This comes out to a staggering $4,853,000 per job.
Obama continued to push green energy initiatives in his 2011 State of the Union Address.
The Obama Administration has blown billions of taxpayer dollars on green energy and has only succeeded in producing a few thousand jobs.
The green-jobs revolution may be going up in smoke.Despite billions of dollars in federal investment and cheerleading from President Obama, even the most ardent supporters of a transformed, job-generating energy sector based largely on wind, solar and other renewable sources acknowledge that their dreams have not translated into reality. The records for other countries chasing green employment opportunities have been equally unimpressive.
Rep. Maxine Waters, California Democrat, told MSNBC last month that, despite impassioned support from liberal Democrats and environmentalists, “green jobs” initiatives “have been about a lot of talk, and not a lot has been happening on that.”
The absence of a promised boom in environmental jobs has become a talking point among Republicans who are campaigning to unseat Mr. Obama in the 2012 election.
Mr. Obama “keeps talking about green jobs,” former Massachusetts Gov. Mitt Romney said during the GOP candidates debate Wednesday night. “Where are they? Let’s have real jobs.”
Talk of green jobs was conspicuous by its absence from Mr. Obama’s jobs speech to a joint session of Congress on Thursday night. He gave the address on the same day that the FBI raided California solar-energy company Solyndra, which filed for bankruptcy and laid off at least 900 full-time employees.
Despite Solyndra’s abrupt closing and bankruptcy announcement last month, the Department of Energy (DOE) is undeterred. Just this month, the agency made two more loan guarantees worth millions of dollars to alternative energy firms.And, as was the case with Solyndra, officials and investors with the two new companies have strong financial ties to President Barack Obama.
On September 7, the DOE announced its plan to guarantee 80 percent – or $275 million – of a $344 million private loan taken out by the firm SolarCity. The company installs rooftop solar systems that harvests electricity SolarCity then sells.
By Matthew Mosk and Ronnie Greene
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