Ten days ago the Environmental Protection Agency issued its proposed rule for the implementation of regulations of carbon dioxide on utilities’ coal-fired power plants. Last week revealed news that there is no reason for costly government-imposed limits on such emissions, as the global warming they were supposed to cause has been absent for 15 years.
That didn’t stop the UN Intergovernmental Panel on Climate Change from issuing yet another alarm on Friday, ahead of its official report yesterday, that said increased carbon dioxide caused by people is negatively affecting the earth’s climate.
“It is extremely likely that human influence has been the dominant cause of the observed warming since the mid-20th century,” said the IPCC’s Summary for Policymakers, which previewed the official physical science findings released Monday. The bold proclamation came despite the widespread failure of Alarmist Science’s computer modeling that foretold a rise in global temperatures in conjunction … Read More ➡
NLPC has reported regularly on several of the large-ticket boondoggles that have received taxpayer support via President Obama’s “green” stimulus initiatives, but for every Fisker, Nissan Leaf or Ecotality, there are thousands of smaller, equally unworthy beneficiaries that deserve public scorn.
Government watchdogs – both “professional” and amateur – can scour the Recovery.gov Web site and find the waste pretty easily. But KCNC-TV reporter Brian Maass had the stimulus program come to his doorstep. Denver had launched a program, paid for out of the federal American Recovery and Reinvestment Act, to plant about 4,000 trees at private residences (photo courtesy KCNC) – many in high-priced neighborhoods that didn’t need the free shade.
“This fella said, ‘How would you like to have a tree in your yard?’ And I said, ‘Really?,’” said John Backlund, who lives in Denver’s Cherry Creek North neighborhood in a home worth more … Read More ➡
After the Department of Energy announced this week it had given up on not-bankrupt-but-should-be Fisker Automotive, and will auction off its loan for a pittance, you’d think (and hope) Congress would have had enough of this kind of thing. Senator John Thune certainly has.
“The Obama administration has gotten into the business of picking winners and losers at a significant cost to taxpayers,” said the South Dakota Republican yesterday. “I’m calling for the Senate to consider my amendment to eliminate the wasteful ATVM loan program and for my colleagues to join me in protecting taxpayer dollars from any future risky green energy investments.”
ATVM stands for “Advanced Technology Vehicles Manufacturing,” but Fisker’s allegedly advanced technology vehicle – the once and often hyped Karma – hasn’t been manufactured for over a year. Nor is Vehicle Production Group, another failed ATVM recipient, producing any handicapped vans that run on compressed natural … Read More ➡
Ecotality declared Chapter 11 bankruptcy on Monday.
Compared to other Recovery Act beneficiaries that have failed – like battery maker A123 Systems and electric auto company Fisker Automotive – the deathwatch was short. A July 25th report issued by the Department of Energy’s Inspector General declared Ecotality’s EV Project largely a waste of time and misallocated money.
Then in mid-August Ecotality informed the Securities and Exchange Commission it was in deep financial trouble, with bankruptcy a possibility. A filing showed that the company was unable to obtain additional financing and the DOE had ceased payments to it for the EV Project until the agency could investigate further. DOE also warned Ecotality to not incur any new costs or obligations under the EV Project.
NLPC first raised questions about Ecotality’s viability and origins in October 2011.
Monday’s development is another black eye to President Obama’s green energy agenda, but … Read More ➡
A hearing of the House Committee on Oversight and Government Reform last week investigated the Obama administration’s practice of concealing email communications, with former top officials getting grilled about their use of private Internet accounts to conduct government business.
Two of the most egregious offenders were subject to withering scrutiny, although it didn’t last long enough to get very deep. Lisa Jackson, the former EPA Administrator whose FOIA-evadable email address was under the alias “Richard Windsor” – named in part for her dog – was questioned about a message sent to Siemens vice president Alison Taylor in which she asked her to “use my home email rather than this one when you need to contact me directly….”
Jackson, of course, said it was perfectly normal to direct a corporation official that she regulates to communicate with her via methods for which the public has no access. Marlo Lewis of … Read More ➡
Being an Obama administration stimulus failure doesn’t mean you have to be electric, and it also doesn’t mean the Department of Energy won’t pretend you’re still legitimate when Congressional pressure is on.
The neutrally named Vehicle Production Group, which was loaned $50 million by the DOE thanks to the Recovery Act, revealed in May it had stopped operations in February and laid off 100 staff, after DOE froze its assets. Now, in a typical Obama administration “hope-they-don’t-notice” Friday announcement, DOE told American taxpayers that $42 million of that money won’t be paid back. Apparently there weren’t many assets left to freeze.
About $5 million was recovered by the government. The weekend info release said the rest of the debt was sold at auction for about $3 million to AM General, a Humvee manufacturer.
“After exhausting any realistic possibility for a sale that might have protected our … Read More ➡
So here’s the legacy left in Weld County, Colorado by bankrupt Abound Solar, the crony capitalist-influenced Department of Energy, and Democrat donor/investor/billionaire-ette Pat Stryker: A financially-screwed county government, hundreds who have lost their jobs, and a big, expensive toxic mess to clean up.
But it’s no skin off the jet-setting heiress’s nose as she continues to pour millions into hard-left causes, while the locals affected by the closure struggle.
Commissioners in the sprawling region on the Centennial State’s northern border with Wyoming threw in the towel this week on the hope they could recover much more than a pittance on the $1.8 million they are owed from the bankrupt stimulus beneficiary. The county – which scrambled for over a year to close its Abound budget hole – on Wednesday night agreed to accept a $100,000 settlement. The bumbling bureaucrats at DOE, who found Abound worthy of a … Read More ➡
When it comes to Tesla Motors, an irrational exuberance has overtaken Wall Street, the Department of Energy, electric car advocates, government interventionists, crony capitalists, techie nerds and Elon Musk fanboys everywhere.
The praise comes rapid fire: $20 billion market capitalization! It’s worth more than Chrysler! Its stock price is at $169! They’ve had two consecutive profitable quarters! They paid back their government loan early! The Model S is the safest car of all time! Consumer Reports says it’s almost perfect! Its batteries don’t burn up!
But the media has not tried to mute the celebration too much with the reality that much of Tesla’s “success” has come thanks to government mandates, subsidies, and taxpayer support. NLPC reported last month, for example, that Tesla’s second quarter results included $51 million in zero-emission credits revenue thanks to a warped California vehicle sales … Read More ➡
Thirteen years ago a former executive chef/kitchen manager launched an environmentally friendly cleaning products company to compete with industry giant Ecolab, his former employer, where he had worked and achieved the position of district sales manager.
At the end of 2004 he gave up that money-losing business and turned it over to a partner, who in the first quarter of 2006 turned it into an electric vehicle charging company run by a former hotel chain executive – a self-described “political beast” – who would heavily depend on government subsidies for the revised company’s survival.
With this dysfunctional history, is it any wonder why Ecotality is on the verge of bankruptcy?
The San Francisco-based subsidy sucker had a bad August. It began under the pall of a Department of Energy Inspector General’s report which found that slow electric vehicle sales affected the worthiness of Ecotality’s $135 million taxpayer-funded charging network. Money … Read More ➡
Just when you thought the Loan Program Office in President Obama’s Department of Energy might put its unused electric auto loan money back in the Treasury coffers, the government investor-crats are going to try to find some takers for the dollars of disrepute that have been tainted by the likes of inoperative, nearly bankrupt Fisker Automotive and Vehicle Production Group.
You might remember when we last heard about the condition of this program, it had trouble finding takers for the remaining $16.5 billion or so it had been allocated. According to a March report produced by the Government Accountability Office that reviewed DOE’s loan programs, those who might otherwise be interested in the financial help cited things like bureaucratic red tape, reporting requirements, uncertainty about credit subsidy costs, lengthy review times, and the expenditure of time and resources for an uncertain outcome as obstacles. But what stood out … Read More ➡