Last week bankrupt Fisker Automotive was sold to a Chinese company, and Tesla Motors experienced another fire in one of its Model S electric cars.
The Obama administration Green-stimulus losing streak continues. The two luxury electric automaking companies, where the Department of Energy deemed taxpayer “investments” should be placed at risk, don’t inspire confidence.
As NLPC has documented extensively, Fisker burned through more than $1.4 billion, which included $193 million loaned from U.S. taxpayers and millions more from state and local governments. After selling the scraps of its loan to a Chinese businessman, Richard Li, DOE said the government would realize a $139 million loss. Now another Chinese-based company, Wanxiang Group, won the rights to Fisker’s assets with a $149.2 offer at the bankruptcy auction. U.S. taxpayers are none the better for it.
Wanxiang – China’s largest auto parts manufacturer – was also the company … Read More ➡
A Saturday march in Raleigh, NC, that consisted of participants from dozens of left-wing groups – many bused in from more than 30 states – marked a new level of effort by national organized labor to assert itself in the South.
The recognized leader of the demonstration is the president of the North Carolina chapter of the National Association for the Advancement of Colored People, Rev. William Barber (in photo, on right), who recently received national media attention for his remark that black conservatives – such as South Carolina Republican Sen. Tim Scott – are “ventriloquists’ dummies” for the Tea Party. Barber last year conducted a series of “Moral Mondays” protests in the state capital against changes in state law that lowered taxes and limited the growth of government.
But unions have provided extra forces in opposition to the newly Republican-controlled state legislature and governorship. North Carolina, the most ardent … Read More ➡
Were the late Saturday Night Live cast member Gilda Radner still with us today, Tesla Motors might look to her character Emily Litella for its latest public relations campaign to address overheating and fires with its Model S charging systems.
“Never mind,” the Weekend Update commentator would say.
That’s was also essentially the response from Tesla on Friday when the company announced – after it had vehemently denied any culpability about overheating systems or power cords just three weeks earlier – that it would send all Model S owners new cords to replace the defective old ones. This followed a garage fire in Irvine, Calif., which local authorities blamed on either “a high resistance connection at the wall socket or the Universal Mobile Connector from the Tesla charging system.” New charger connectors will be mailed in the next two weeks, according to a Bloomberg report.
“These are very rare … Read More ➡
In a sudden, unexpected burst of concern about how mandates of renewable energy harm its low-income customers, a Duke Energy executive testified Tuesday that aspects of the government-imposed schemes (mostly welcomed by public utilities) cost far more than they save, and said they are net job losers.
The admission, by Duke’s president for North Carolina (the company’s home state), came during a hearing of a state legislative commission on energy. The specific policy targeted by Paul Newton was the practice of net metering, in which individual homeowners who have installed solar panels are able to sell their electricity to a utility’s grid at the same full kilowatt-hour price that it is delivered to them from the grid.
“While net metering customers use the same utility infrastructure as any other customer,” said Newton, “they pay a significantly lower utility bill due to the full retail rate credits they receive for the … Read More ➡
Last year at this time NLPC reviewed 2012 as “The Year of Taxpayer ‘Green’ Waste,” and that description applied to 2013 as well. But additional trends of government opaqueness and inattention to safety and security – often related to stimulus-funded programs and their corporate beneficiaries – were also revealed.
EPA, Dept. of Energy Secretive About Communications
As President Obama began his second term, watchdogs of the administration’s environmental (EPA, Dept. of Interior) and energy (Department of Energy) cabinet spaces discovered that officials maintained secret email accounts to conduct government business out of public view. Chris Horner of the Competitive Enterprise Institute uncovered a fake identity maintained by EPA Administrator Lisa Jackson while researching his book The Liberal War on Transparency. The effort to access her messages and those of other officials has been protracted.
EPA began producing records in January from Jackson’s “Richard Windsor” email account … Read More ➡
There’s that uncomfortable juxtaposition of words again: “Tesla” and “fire.”
This time was quite an accomplishment by the electric automaker’s publicity department: they kept the Irvine, Calif. garage fire quiet for over a month. The secrecy expired on the November 15 incident when the Orange County Fire Authority attributed the incident to the EV’s re-powering set-up, according to a report obtained by Reuters.
“The fire occurred as a result of an electrical failure in the charging system for an electric vehicle,” the report said, while stating the cause of the fire is unclear. “The most probable cause of this fire is a high resistance connection at the wall socket or the Universal Mobile Connector from the Tesla charging system” which was plugged into a 240-volt wall socket, the report said.
CEO Elon Musk (pictured with President Obama) and his PR mavens have been putting out image “fires” … Read More ➡
The full implementation of the incandescent light bulb ban takes effect in two weeks, which in the U.S. government’s anti-liberty wisdom will effectively eliminate the competition to companies like Cree, Inc., who one industry analyst has said is trying to do a “land grab” of the alternative lighting market.
Besides the illegalization of the Thomas Edison’s filamentous light, Cree last week received a $30 million tax credit from the Department of Energy to expand its manufacturing in Racine, Wisc. and Durham, N.C., where it is also headquartered. That was the second installment for Cree from the Advanced Energy Manufacturing Tax Credit Program, which was funded by $2.3 billion from the Recovery Act. The first windfall for Cree from the stimulus was a $39-million tax credit, as well as $1.8 million for research and development. This is in addition to millions of dollars in federal grants and contracts, … Read More ➡
Thirteen of Fisker Automotive executives made more than six figures in the past year, despite manufacturing zero cars.
The news was first reported Wednesday afternoon on the automotive Web site Jalopnik.com, and later in the evening by the Delaware Journal. Jalopnik often gets the scoops when electric cars catch fire. For those unaware of the ugly saga, Fisker declared bankruptcy at the end of last month after squandering more than $1.4 billion in private investment and losing $139 million of taxpayers’ money.
According to news reports, including one from the Journal a year ago, not a single Fisker Karma – the $102,000 (base price) luxury electric plug-in embraced by the likes of Leonardo DiCaprio and Al Gore – has been produced since July 2012. Hopeful workers in Wilmington, Del. –where company officials and local politicians loudly announced the revival of a former General Motors plant for the … Read More ➡
A survey of 400 chief financial officers at U.S. firms released yesterday said that if the country is moving toward a jobs recovery, then Obamacare will stunt it.
The findings, which received little media attention, were part of a quarterly review of corporate leaders whose fingers are on the pulse of the plans of their companies. Conducted jointly by Duke University’s highly regarded Fuqua School of Business and CFO Magazine, many of the questions have to do with how the officers feel about the outlook of the economy, but also give indications about what they will do in the future. In the final survey of 2013 (they have conducted it for 71 consecutive quarters), 48 percent of U.S. CFOs said they will consider reducing employment because of the Affordable Care Act. More than forty percent said they might move some workers to part-time status to avoid employer mandates within the … Read More ➡
Friday’s announcement by the Obama administration that it will allow wind energy companies to kill certain bird species for 30 years without legal ramifications shows that its $1 million paltry fine of Duke Energy for avian slayings a week earlier was just for show.
Slamming the president for the application of double standards, not enforcing laws it doesn’t like, and acting unilaterally without Congressional authority is nothing new. It’s not often, though, you see such an obvious policy contradiction appear within such a short period of time. And now, without need to worry about re-election, he can pit his environmental constituencies against each other (wildlife protection vs. green energy promotion).
The latest decision, by the U.S. Fish and Wildlife Service, extends the maximum possible term for permits to “take” (“molest or disturb”… “take, possess, sell, purchase, barter, offer to sell, purchase or barter, transport, export or import…”) from … Read More ➡