Tax dollars backing some “risky” energy projects
from CBS News:
The government is giving your tax dollars to companies that have a 70% chance of failure ~ listen for yourself ~
(CBS News)
WASHINGTON – Solar panel maker Solyndra received a $528 million Energy Department loan in 2009 – and went bankrupt last year. The government’s risky investment strategy didn’t stop there, as a CBS News investigation has uncovered a pattern of cases of the government pouring your tax dollars into clean energy.
Take Beacon Power — a green energy storage company. We were surprised to learn exactly what the Energy Department knew before committing $43 million of your tax dollars.
Read the rest at CBS News.
Remember…
Sometimes we need to step back and reflect on how we got where we are today. Seeing things in perspective can help us make better decisions today. Those who do not learn from history are doomed to repeat it.
Why the Wind Power Industry Could Be the Greatest Scam of Our Age — Three Lies that Prove It
From National Wind Watch:
Scarcely a day goes by without more evidence to show why the Government’s obsession with wind turbines, now at the centre of our national energy policy, is one of the greatest political blunders of our time.
Under a target agreed with the EU, Britain is committed within ten years — at astronomic expense — to generating nearly a third of its electricity from renewable sources, mainly through building thousands more wind turbines.
But the penny is finally dropping for almost everyone — except our politicians — that to rely on windmills to keep our lights on is a colossal and very dangerous act of self-deception.
Read the rest at National Wind Watch.
“Big Money” Discovers Huge Subsidies for “Wind Energy”
In the US, “wind farms” are now being built primarily for tax avoidance purposes, not because of their environmental, energy, or economic benefits. The tax breaks and subsidies have more value to “wind farm” owners than the revenue from the sale of electricity they produce… 2/3 of the economic value of wind projects come from tax breaks.
Who are the winners and losers in the wind energy game?
Electrical Energy, the Stimulus Package & You
Let’s start with the assumption that we have some serious energy problems. A businessman steps up and says: “I have a product which will significantly help.” Our first impulse would be to say “great”. But, what should we say next? Maybe this presentation will help:
Life under a wind turbine? See "WINDFALL", Sat Mar 10 & Sat Mar 17, 2pm. Peabody Library auditorium, Columbia City, IN.- Infrasound and Adverse Health Effects link #noise #setbacks
- New page: Gallery link
- Tax dollars backing some "risky" energy projects link #bankruptcy #stimulus #subsidies