Archive | Economics

$737 Million Green Loan to Pelosi Kin Fuels Outrage

By Martin Gould 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 […]

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EU carbon credits scheme tarnished by alleged murders in Honduras

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 […]

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A U.S.-Backed Geothermal Plant in Nevada Struggles

By Eric Lipton and Clifford Krauss 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 […]

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In Scramble for Land, Group Says, Company Pushed Ugandans Out

[Carbon Credits Kill, Destroy] 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,” […]

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Solyndra Executives to Invoke Fifth Amendment Rights

By Matthew L Wald 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 […]

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GREEN CRIME: Obama Spent Nearly $17.2 Billion to Create Only 3,545 Green Jobs… Or a Staggering $4.8 Million Per Job

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 […]

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Promises of green jobs withering on vine

Subsidies fail to help sector take root By Ben Wolfgang 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 […]

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New DOE loans support green Obama-backers

By Amanda Carey 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 […]

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GE Decides to Dump Off-Shore Wind-Power Plans Despite Collecting Millions in Stimulus Funds for Wind Projects

GE CEO Jeffrey Immelt, the head of Barack Obama’s Economic Advisory Panel, was invited to sit with the First Lady during the president’s speech to Congress this past week. He’s been a strong supporter of the president since he took over the White House and his companies have received plenty of government funds as well. […]

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Solyndra officials made numerous trips to the White House, logs show

By Amanda Carey Not only does the now-bankrupt solar energy firm Solyndra have a cozy financial  relationship with the Obama administration, company representatives also made numerous visits to the White House to meet with administration officials, The Daily Caller has learned. According to White House visitor logs, between March 12, 2009, and April 14, 2011, […]

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FBI at Solyndra Headquarters

Part of a Joint Investigation with the Department of Energy By RJ Middleton FBI agents armed with search warrants descended Thursday morning on bankrupt solar company Solynrda. The investigation comes after a request by the Department of Energy’s inspector general, FBI spokesman Peter Lee told NBC Bay Area News. Agents arrived at Solyndra at 7a.m. […]

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Burning up food prices: More corn going to ethanol production now than food production

By J. D.  Heyes The world has a food shortage. This isn’t speculative or subjective, and it’s not fear-mongering or alarmist. It’s a well-documented fact and, what’s more, the real experts – those who aren’t influenced by government or corporate interests – have been trying to make that case for months. Moreover, these same experts […]

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Campaign advice for ‘all of the abovers’

Wind power can be more expensive and dirty than we think.   By David Schnare As most of the Republican presidential hopefuls stake their positions to win the hearts of the party’s base, the Tea Party has made it safe for honest conservatives to stand up and demand more than spin.If we can demand fiscal […]

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Where is the Green Jobs Explosion?

By Ed Morrissey When Barack Obama spoke of “necessarily bankrupting” coal-fueled electricity producers, he claimed that the explosion in “green jobs” would replace the workers dislocated by penalizing fossil fuels.  So far, though, there is little evidence of any explosion in green jobs, or even significant job creation at all.  As Politico reports, the Obama […]

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