Al Gore

Al Gore & Duke Energy: Marriage Made in Regulation Hell

Rogers photoThe North Carolina fuel cell project in which former Vice President Al Gore has a conflict of interest as a director of Apple, Inc., illustrates how crony socialism and state mandates to utilize so-called “Green” energy converge to benefit wealthy corporatists at the expense of regular citizens.

Yesterday NLPC reported that Apple’s plans to build a costly fuel cell electricity generation facility adjacent to its new data center in Maiden, N.C., was a conflict for Gore, because plans show Apple has enlisted Bloom Energy to build the project.

Apple's Fuel Cell Project Presents Conflict of Interest for Al Gore

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A major project to generate expensive (so-called) renewable energy at Apple, Inc.’s new data center in the North Carolina mountains highlights a conflict of interest for one of its directors, former Vice President Al Gore.

The massive server farm in the small town of Maiden has already been criticized for the large swaths of forest clear-cutting and burning to make way for a 100-acre solar project, and now more acres are being leveled to construct a $30-million fuel cell facility to generate electricity, according to The News & Observer of Raleigh.

10 Reasons Why Fisker May Be Worse Than Solyndra

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This story has been updated below.

Automotive and green technology advocacy Web sites are abuzz with a story about a former employee of Fisker Automotive who claims the company released its $102,000-plus Karma electric sport sedan prematurely, in order to meet targets set forth by the Department of Energy so Fisker could access funds from a $529 million loan award.

Fisker’s Private Fundraisers Face SEC Investigation

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The Securities and Exchange Commission has notified the brokers who raised most of the private financing for taxpayer-backed electric automaker Fisker Automotive that charges may be brought against them, in connection with a private offering in 2009.

Integrity of Fisker Capital Funding is Questioned

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How did a start-up electric car company that raised more than $1 billion suddenly fail to meet government-lending standards, to the point where it can no longer draw on an awarded Department of Energy loan and has therefore halted renovation work on a Delaware plant?

 

Will DOE’s Fisker Doubts Take Down Its Battery Supplier Too?

A123 logoAfter luxury electric automaker Fisker announced 65 layoffs and a work stoppage from the refurbishment of a former General Motors plant in Delaware earlier this week, NLPC wondered whether its battery supplier and business partner A123 Systems would be harmed also.

Now Wall Street analysts are wondering the same thing, and the beleaguered lenders at the Department of Energy must be deeply concerned about what they will do next. As Forbes reported yesterday, the close ties between the two speculative companies could produce “two Solyndras for the price of one."

Many Unanswered Questions Surround Fisker Layoffs

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This post has been updated below.

Among the objections about taxpayer subsidies for the high-profile Chevy Volt, manufactured by Government Motors, is that the many grants, loans and tax breaks that lowered the sticker price on the electric hybrid car facilitated its (paltry) sales for the benefit of wealthier individuals who were purchasing it – those with average annual salaries of $170,000. So can you imagine how happy the affluent customers (like Leonardo DiCaprio) of the heavily subsidized, $102,000 electric Fisker Karma are, to be able to purchase their gimmicky sports sedan at a discount, with a $7,500 tax credit to boot?

Obama EV Goal Does Little to Lessen Oil Consumption

Obama and Chevy Volt photoMany articles written over the past year have questioned if President Obama will be able to reach his goal of having a million electric vehicles on US roads in 2015. A more important fact has been overlooked. That is, even if we get a million EVs on the roads in four years, we will have done practically nothing to reduce oil consumption in America. To be more specific, we will reduce consumption by approximately 0.15%. Is it worth the billions of taxpayer dollars spent producing controversial vehicles like the Chevy Volt in order to lessen foreign oil dependence four years from now by 0.15%?

The Inconvenient Truth Behind Fisker Funding Fiasco

Al GoreThe wasteful and incomprehensible "green" energy policies of the Obama Administration continue to be exposed as a rip-off of American taxpayers. The latest insane venture involves hybrid auto start-up company, Fisker. While the story of Fisker receiving a $529 million loan from the Department of Energy has been widely reported, less known is the fact that green energy charlatan, Al Gore, may have played a key role in obtaining the loan.

Climate Scorekeepers Can't Keep Their Grades Straight

green Apple logoGreenpeace, which has been blown off by one of its co-founders because of its radical behavior, often leaves itself open to easy ridicule – for example, by the promotion of dirty energy sources. Now they’ve done it again.

Only 1½ years ago Greenpeace cheered Apple Computer for its departure from the U.S. Chamber of Commerce over its disagreement on cap-and-trade and federal climate change policy. With Al Gore on the board of directors, you understand what side of the issue the company is on.

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