Paul Chesser's blog

The Obama Green Failure Train Rolls on With Ecotality

Volt recharging photoThirteen 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?

New Energy Secretary Wants to Waste More Money on EV Loans

Ernest MonizJust 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.

Lisa Jackson Hires Lawyer for Email Concealment Fiasco

Lisa Jackson phptpIn a sign her troubles have undergone a significant expansion, the Washington Free Beacon reported last week that former EPA Administrator Lisa Jackson has hired a lawyer as new details of her use of private email accounts to conduct official government business were revealed.

The agency and its previous head have still breathed easy despite months of inquiries and Freedom of Information Act requests from Chris Horner of the Competitive Enterprise Institute and American Tradition Institute. Jackson and enviro-crats have been shielded by colleagues’ efforts to block access to records, delay their delivery, or conceal damning information with redactions. Nevertheless the indefatigable Horner has continued to pepper the agency with new requests from new angles almost every time he discovers a new hint of malfeasance revealed from previous requests.

Government-Gamed Markets and Subsidies Give Tesla Another 'Profitable' Quarter

Elon MuskAnother fiscal quarter has passed and if you consume most of the mainstream and/or pro-renewable energy media, it’s been another consecutive financial smashing success for luxury plug-in maker Tesla Automotive.

That is, if you don’t subtract the buyer’s federal tax credit for each vehicle, or the California emission credits sales scheme, or state tax credits and incentives, or subsidies for battery manufacturers. Also, it’s great for Tesla and CEO Elon Musk if you disregard Generally Accepted Accounting Principles.

If you can swallow all that government market distortion, taxpayer largess and books-cooking, Tesla’s Model S is finally taking off!

Technical Glitches and Payments for Down Time Still Nag Boeing's Dreamliner

Boeing 787 DreamlinerAnother fire, another mysterious technical glitch, and happy-go-lucky Boeing skips along enjoying strong sales, revenues and profits, despite the shadow of uncertainty that hangs over the lithium battery-charged Dreamliner.

The wide-bodied 787, following two fires on Japanese airliners in January that grounded them for months, experienced another blaze on July 12 at Heathrow Airport in London. This time the victim was Boeing customer Ethiopian Airlines, whose Dreamliner had a hole burned through the roof of the fuselage in front of the tail. The cause was attributed to an Emergency Locator Transmitter manufactured by Honeywell International, which contains a lithium manganese-dioxide battery – more about that later.

Duke Energy's 'Clean Coal' Power Plant Off to Bad Start

Duke EdwardsportDuke Energy’s “green” initiative to gasify coal for allegedly “cleaner” burning at its Edwardsport, Ind. power plant has already been vilified for cronyism, corruption, conflicts of interest, cost overruns, delays, waste, and mismanagement, but at least it became operational in June.

For six days.

The so-called “clean coal” project that was intended to have a carbon dioxide capture-and-storage component suffered breakdowns that left it inoperative on June 13, almost a week after Duke’s formal announcement that Edwardsport was on line, and only a day after the nation’s largest utility showed media members around the plant. The Indianapolis Star broke the news on Friday.

Fisker's Venture Capital Firm Still Hasn't Learned Cronyism Doesn't Pay

John Doerr photoThe sniping and backbiting behind the financial scenes are escalating as those involved with Fisker Automotive and other green tech flops seek to direct blame for their investment failures. U.S. taxpayers, as usual, have suffered bystander casualties.

The latest controversy surrounds Silicon Valley investment firm Kleiner, Perkins, Caufield & Byers, which has suffered a series of setbacks over its strategy to place sizable wagers on so-called “clean energy” companies. Their tech bettors hit on several huge successes during the 1990s dot-com boom, which history shows was a huge bubble with a nasty burst. The same thing happened with the government-fueled housing expansion and now the renewable energy sector is ballooning for the same reason.

Taxpayer Millions Squandered on EV Charging Study Project

Volt recharging photoAn audit by the Department of Energy’s Inspector General found that the persistent weak demand for electric vehicles harmed the deployment and timeliness of a $135 million-plus taxpayer funded charging network, which spun a cycle of excessive grants and project expansion, that led to an enormous waste of public money.

The investigators, led by IG Gregory Friedman, determined that conditions for reimbursement to Ecotality, Inc. (and its subsidiaries) for the EV charging demonstration project were “very generous,” although not explicitly prohibited under federal regulations.

'Demand' for Nissan Leaf is All Hype and Subsidies

Nissan Leaf photoReports have trickled out lately that, all of a sudden, demand is so great for the all-electric Leaf that Nissan’s production just can’t keep up.

“We’re going to be short on inventory all through the summer,” said Erik Gottfried, director of electric vehicle sales for Nissan, to Automotive News. “It will be late fall before we can produce enough to satisfy everybody.”

Then the appropriate question from taxpayers should be, “What did we pay $1.4 billion for you to do in Smyrna, Tennessee then?!?”

Syndicate content