Eagle-Killing, Investment-Wasting ‘Renewable’ Energy

The “Green Energy” sector has been hit with a series of setbacks over the last few years. From a wind farm being cited for killing an endangered eagle, to solar energy’s tumble from investor favor over dismal performance, to a growing list of companies gone bankrupt even after President Obama pumped millions of our tax dollars into them, the so-called Green Energy sector has certainly seen better, more hopeful days.

In the realm of farce, a wind farm in Nevada finds itself at an unfortunate crossroads of political correctness. Even as the wind farm in White Pine County, Nevada is a favored “Green Energy” nirvana, the company that runs it is under threat of sanctions by the federal government. Why? Because a protected Golden Eagle flew into one of the farm’s turbines killing itself.

Now, San Francisco-based Pattern Energy is awaiting a decision from the feds on whether or not they will have to pay a $3,000 fine for killing the endangered bird.

But as the President might say, that is but “a bump in the road.” Worse than the death of a protected eagle, a recent analysis reveals that the bottom has fallen out of solar energy investments.

One of the problems is that it seems that federal subsidies for solar companies is on the wane. “Public subsidies helped prop up failed companies like Solyndra,” CNBC recently noted. But these subsidies are not as plentiful as they once were and “reality” is now hitting the solar industry making it look like the next dotcom bust.

But this can’t be a surprise to anyone that has followed all the bankruptcies of the more than 30 “Green Energy” companies to which President Obama generously bestowed millions in federal tax dollars.

At least 34 companies have gone belly up despite the millions the President lavished upon them.

As the Heritage Foundation reported last October, “The 2009 stimulus set aside $80 billion to subsidize politically preferred energy projects. Since that time, 1,900 investigations have been opened to look into stimulus waste, fraud, and abuse, and nearly 600 convictions have been made. Of that $80 billion in clean energy loans, grants, and tax credits, at least 10 percent has gone to companies that have since either gone bankrupt or are circling the drain.”

All this criminal activity, graft, and millions in waste of our tax dollars, is supposed to stop global warming, of course. You have to break a few eggs, right? But maybe all that effort is unnecessary?

Recently, researchers have found themselves “puzzled” over a twenty-year hiatus in rising temperatures. Global warming has seemingly stopped. And this is long before any of the government money wasted on the “problem” has really made any difference.

Even if temps were still rising, all the billions spent by governments across the world in hopes of “solving” global warming is more on the level of farce than solution. John Stossel, for instance, recently found that for all the billions Germany has spent on climate change, their massive efforts will only delay global warming for 37 hours.

Despite the collapse of all this “science” and its supporting industries, though, President Obama and his out-of-control Environmental Protection Agency could be poised to implement cap-and-trade regulations by fiat.

As any fan of Al Gore knows, cap-and-trade has failed to get through Congress several times. But even as President Obama campaigned for President in 2008 pledging that electric rates would “necessarily skyrocket,” he’s always wanted a cap-and-trade law to further depress the U.S. business sector. Our elected representatives and senators, however, have been an impediment to the President’s climate change crusade.

But Obama has had a solution of sorts to that roadblock. Since he became President, one of his chief methods of getting his way has been to initiate dodgy Executive Orders and put in place regulators that pass fiat rules that subject the economy to policies that he can’t get through the proper way.

With his reelection, the President is free to drive even harder on these backdoor solutions. At a recent panel discussion, for instance, Obama’s former EPA administrator, Carol Browner, said that the President was ready to push more such rules on the business sector and possibly institute a fiat cap-and-trade scheme.

As the “Green Energy” sector continues its downward trend, Obama’s rush to shore up his flailing climate change policies might be too little, too late.

Pharisees in Republican Guise
New York Investigating Anti-Fracking Lobbying by Yoko One, Mark Ruffalo, Robert De Niro
  • jim_m

    The reason the left is so behind so-called renewable energy is because they know it doesn’t work. They also fight against it just as much as they do conventional sources of energy production.

    The point is not to convert us to wind or solar but to obstruct any energy production and limit the growth of the economy. As neo-Malthusians the eco-left is heavily invested in the failure of the developed world. Unworkable energy sources is part of that strategy for failure.

    • herddog505

      jim_mThe reason the left is so behind so-called renewable energy is because they know it doesn’t work.

      I think you are being too hard on the lefties: they aren’t being dishonest here.

      They are simply to damned stupid to understand facts.

  • WhatTheFlux

    It may surprise you to know that there are plenty of leftie / liberal / Dems who are quite keen on nuclear energy, and hold a dim view of “renewables” (“unreliables.”) In fact, most of the pro-nuke folks I know (and I know dozens) are centrists or left of center. Just sayin’…

    • herddog505

      Well, bring ‘em out. I’d like to meet both of them.

      • WhatTheFlux

        What makes you think they’d want to meet you?

        • herddog505

          Oh, it’s not a question of whether they’d want to meet ME: it’s more that I’m curious to see THEM. I’ve heard they exist, but in these days of CGI and photoshopping, one can’t be too careful.

  • ackwired

    If the government quit subsidizing both the fossil fuel industries and the green industries and held them both responsible for damages to the environment, economic laws would sort out the energy challenge nicely.

    • jim_m

      Free market capitalist pig.

      Of course if the government got their noses out of it there wouldn’t be the opportunity for graft and corruption, so we can count on this never happening.

    • http://www.rustedsky.net JLawson

      As far as fossil fuels go – they’re already paying a lot more in taxes than they’re making in profit, so any ‘subsidy’ they’re getting seems to be rather moot, especially when said subsidy is in the form of supposed tax loopholes. Green energy companies, however, have to have subsidies in order to even exist – so you’re right, things would sort out quickly.

      http://online.wsj.com/article/SB10001424052702304537904577277440911481180.html

      (As long as the ‘damages to the environment’ are reasonable, that is. Paying for cleanup after an oil spill, for example, is one thing. Being fined $1 billion PLUS the cost of cleanup is another.)

  • 914

    Hey Blowhard Alberto co5 ‘ Get the hell up to Minnesota and take this damn snow somewhere else, dumbass!!

Optimization WordPress Plugins & Solutions by W3 EDGE