But now that the Government Accountability Office has revealed in a detailed study that the true cost of the loan program to taxpayers is $2.2 billion – plus administrative expenses – journalists are nowhere to be found. As for DOE, they still stick to their story.
Meanwhile two weeks ago the Cupertino, Calif.-based computing giant boasted far and wide that it was joining with the Conservation Fund to “protect” a “working forest” in Brunswick Co., N.C., which is on the state’s southeastern coast. So Apple asserts that it reduces pollution produced by fossil fuels, while conserving timber for future generations. Wouldn’t that be wonderful if it was true? Instead it’s more of what the environmental left likes to call “greenwashing.”
A stimulus-backed Department of Energy loan program that has not been tapped for four years, and was deemed unwanted two years ago by the Government Accountability Office, is suddenly ready and willing to dole out more taxpayer millions again – to a corporation that doesn’t need it.
Those in business who have to oblige the Environmental Protection Agency (or the state government agencies that carry out federal laws) on a daily basis know there’s an endless list of issues upon which the cabinet agency can (and does) interfere and obstruct. But a few recent examples reveal the extent to which the government regulators are willing to extinguish our individual freedoms.
Attention this week is trained on the Supreme Court, where a costly Obama regulation on mercury emissions from utilities’ coal-fired power plants is under a challenge. That’s a big issue that addresses whether EPA conducted a proper cost-benefit analysis for limiting those emissions, which has major implications related to the cost of electricity, but is otherwise complex for the layman.
But other areas of increased meddling are more plain – and obnoxious.
This time the “research” was conducted at the University of Southern California and the University of California at Los Angeles. The test subjects were 20 children between the ages of 10 and 15, who were exposed to up to 300 micrograms of diesel exhaust particles via nasal spray, as part of a project that ran from 2003 to 2010. The information was uncovered in documents obtained via the Freedom of Information Act by the Energy & Environment Legal Institute and the Committee for a Constructive Tomorrow, and explained in detail at the Web site JunkScience.com.
What was a prolonged hibernation for “Risky Business,” after its brief burst of ballyhoo early last summer, has finally ended. The well-paid consultants and staffers for megarich global warming activist Tom Steyer (pictured in center) are back after his failed financial foray ($74 million) to elect Democrats to the Senate.
After the June 2014 release of its first report, Risky Business: The Economic Risks of Climate Change in the United States, they decided to carve that sucker up by geography. Last week they announced to the world that we first must alert folks in flyover country with the new report, Heat in the Heartland: Climate Change and Economic Risk in the Midwest. It’s clear from their Web site that future regional reports are to come. Steyer’s Risky Business partners Michael Bloomberg and Henry Paulson also threw their names on the Midwest report “findings.”
But despite that legislatively unanimous award from three months ago, and a stock price that has flown high for most of the year, there are signs that the shine over the luxury electric automaker is beginning to dull.
Perhaps the most noteworthy skepticism has arisen from popular automotive Web site Jalopnik, which otherwise has been a fairly reliable (but not robotically so) cheerleader for Tesla. An end-of-year article written by blogger Damon Lavrinc recounts the automaker’s legacy of non-fulfillment and asks, “What will Tesla and Elon Musk over-promise next?”
That doesn’t mean the fear-mongers have given up, of course, as the latest effort by environmental pressure group Ceres illustrates. The activist group – which exerts its influence via shareholder activism (claiming $10 trillion in assets) in pursuit of their definition of a “sustainable” global economy – last week sent a letter endorsed by 223 companies to President Obama, in support of EPA’s controversial proposed standard for existing power plants to limit carbon dioxide emissions. Some of the largest and most recognized corporations signed on, including Adidas, IKEA, Kellogg Company, Levi Strauss & Co., Mars Inc., Nestle, Nike, Starbucks, and Symantec – as well as numerous “green”-minded and renewable energy businesses.