Tag Archives: Energy Policy

Another green energy firm goes bankrupt after getting $43 million loan from taxpayers

From Fox News.

Excerpt:

An energy company that received a $43 million loan guarantee through the same federal program that backed Solyndra has followed the path of the failed solar firm and filed for bankruptcy.

Beacon Power Corporation filed for Chapter 11 bankruptcy on Sunday in U.S. Bankruptcy Court in Delaware. The company, which develops energy storage systems based on what are known as “flywheels,” had received the federal guarantee for a 20-megawatt energy storage plant in Stephentown, N.Y., back in August 2010.

[…]The Massachusetts-based company also received $29 million in grants from the Energy Department and the state of Pennsylvania through separate programs for a plant in Hazle Township, Pa.

Beacon Power Corporation has not responded to a request for comment from FoxNews.com.

[…]Sen. Jeff Sessions, R-Ala., ranking member of the Senate Banking Committee, called the revelation of the bankruptcy another example of “the reckless abuse of taxpayers’ dollars in the pursuit of green jobs.” He also suggested that crony capitalism had a hand in the decision to give Beacon a loan.

One of the most controversial aspects of the Solyndra case — aside from the sheer size of the $535 million guarantee — was a decision earlier this year to prioritize private investors over taxpayers in case of bankruptcy. Republicans have accused the administration of giving precedence to investors in the companies who are also Obama backers.

“As with Solyndra, the head of Beacon Power appears to have been a supporter of President Obama’s,” Sessions said in a statement.

“Increasingly, we are moving away from our capitalist heritage and towards a system where most Americans play by the rules while some are able to rig the game in their favor. The real divide is not split along income lines, but between the politically-connected and those—whether businesses or individuals—who just want the freedom to earn a living.”

[…]Campaign finance records show top Beacon officials contributing to Democratic candidates. Capp apparently was an Obama supporter, giving at least $500 to the Obama campaign in 2008. He also donated to Rep. Niki Tsongas, D-Mass.

Beacon employee Matthew Polimeno has donated $750 since 2008 to Tsongas’ campaign and another $250 to the failed campaign of Massachusetts Democratic Senate candidate Martha Coakley. CFO James Spiezio also donated $250 to the Coakley campaign in 2009.

Marsha Blackburn is also involved in investigating the $535 million loan to Solyndra.

Solyndra is another Democrat-connected company that went bankrupt after getting taxpayer dollars from the Obama administration.

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Berkeley warmist Richard Muller accused of “hiding the decline” by team member

From UK Daily Mail.

Excerpt:

It was hailed as the scientific study that ended the global warming debate once and for all – the research that, in the words of its director, ‘proved you should not be a sceptic, at least not any longer’.

Professor Richard Muller, of Berkeley University in California, and his colleagues from the Berkeley Earth Surface Temperatures project team (BEST) claimed to have shown that the planet has warmed by almost a degree  centigrade since 1950 and is warming continually.

Published last week ahead of a major United Nations climate summit in Durban, South Africa, next month, their work was cited around the world as irrefutable evidence that only the most stringent measures to reduce carbon dioxide emissions can save civilisation as we know it.

But today The Mail on Sunday can reveal that a leading member of Prof Muller’s team has accused him of  trying to mislead the public by hiding the fact that BEST’s research shows global warming has stopped.

Prof Judith Curry, who chairs the Department of Earth and Atmospheric Sciences at America’s prestigious Georgia Institute of Technology, said that Prof Muller’s claim that he has proven global warming sceptics wrong was also a ‘huge mistake’, with no  scientific basis.

Prof Curry is a distinguished climate researcher with more than 30 years experience and the second named co-author of the BEST project’s four research papers.

Her comments, in an exclusive interview with The Mail on Sunday, seem certain to ignite a furious academic row. She said this affair had to be compared to the notorious ‘Climategate’ scandal two years ago.

Like the scientists exposed then by leaked emails from East Anglia University’s Climatic Research Unit, her colleagues from the BEST project seem to be trying to ‘hide the decline’ in rates of global warming.

In fact, Prof Curry said, the project’s research data show there has been no increase in world temperatures since the end of the Nineties – a fact confirmed by a new analysis that The Mail on Sunday has obtained.

‘There is no scientific basis for saying that warming hasn’t stopped,’ she said. ‘To say that there is detracts from the credibility of the data, which is very unfortunate.’

[…]Prof Muller also wrote an article for the Wall Street Journal. It was here, under the headline ‘The case against global warming scepticism’, that he proclaimed ‘there were good reasons for doubt until now’.

This, too, went around the world, with The Economist, among many others, stating there was now ‘little room for doubt’.

Such claims left Prof Curry horrified.

‘Of course this isn’t the end of scepticism,’ she said. ‘To say that is the biggest mistake he [Prof Muller] has made. When I saw he was saying that I just thought, “Oh my God”.’

In fact, she added, in the wake of the unexpected global warming standstill, many climate scientists who had previously rejected sceptics’ arguments were now taking them much more seriously.

They were finally addressing questions such as the influence of clouds, natural temperature cycles and solar radiation – as they should have done, she said, a long time ago.

[…][Guelph University professor]Prof McKittrick added: ‘The fact is that many of the people who are in a position to provide informed criticism of this work are currently bound by confidentiality agreements.

‘For the Berkeley team to have chosen this particular moment to launch a major international publicity blitz is a highly unethical sabotage of the peer review  process.’

In Prof Curry’s view, two of the papers were not ready to be  published, in part because they did not properly address the arguments of climate sceptics.

As for the graph disseminated to the media, she said: ‘This is “hide the decline” stuff. Our data show the pause, just as the other sets of data do. Muller is hiding the decline.

‘To say this is the end of scepticism is misleading, as is the  statement that warming hasn’t paused. It is also misleading to say, as he has, that the issue of heat islands has been settled.’

Should I be surprised that the Wall Street Journal, the Washington Post, the Huffington Post, etc. would publish alarmist propaganda before doing their homework? Every single one of them trumpets the fact that this man is a “global warming skeptic”.  The truth is, of course, that he is nothing of the kind.

The San Francisco Chronicle explains. (H/T Junk Science)

Excerpt:

Although Muller estimates 2 in 3 odds that humans are causing global warming, “the fact that the original conclusion of Mann et al. is ‘plausible’ is damning with faint praise,” he said. “Theories are plausible; discoveries are supposed to be proven.”

Can these mainstream media journalists check anything before swallowing hoaxes hook, line and sinker?

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Obama administration may miss deadline on Keystone pipeline approval

Actress/Idiot Daryl Hannah protests low unemployment rate
Actress Daryl Hannah demands higher unemployment

From liberal Reuters.

Excerpt:

The State Department may miss a year-end target to approve TransCanada Corp’s Canada-to-Texas Keystone oil sands pipeline, a U.S. official told Reuters on Tuesday, risking a further delay to the most important new crude oil conduit in decades.

The official, who spoke on condition of anonymity, said the State Department still hoped to make a decision by the end of this year, which has been its target, but that its highest priority was to carry out a thorough, rigorous review. The decision has already been pushed back once.

A further delay would not only be a blow to TransCanada, it could also prolong a massive gap between U.S. and global oil prices because oil traders are counting on Keystone’s 700,000 barrel-per-day capacity to relieve a build-up of crude in the Midwest, which doesn’t have enough pipelines to ship growing Canadian output to Gulf Coast refineries for use around the United States.

The ruling, which falls to the State Department because the line crosses national borders, is forcing President Barack Obama into a decision that effectively pits environmental safety against job creation and energy security.

The Independent Women’s Forum comments:

[B]usinesses actually want to do something with the oil that would be transferred on the pipeline, and the delay in moving the oil through the refining process and to market will impact those businesses, the energy supply, and ultimately energy prices and the broader economy.

Reuters describes the Administration’s dilemma in ruling on the Keystone pipeline as pitting “environmental safety against job creation and energy security.” That may be how some environmental extremists are trying to frame it, but it’s really a false choice. As I wrote before, Canada’s oil sands are going to be developed one way or another. The State Department’s decision is whether the U.S.—with our many environmental regulations—will being doing the job or if Canada will find another, much less environmentally-friendly, partner.

Barack Obama is blocking job creation in order to appease his environmentalist constituents.