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.
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.
In 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.
Another 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!
Another 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 “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 Starbroke the news on Friday.
The 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.