Is wood the best fuel to generate electricity? Despite wood’s low energy density and high cost, utilities in the US and abroad are switching from coal to wood to produce electrical power. The switch to wood is driven by regulations from the US Environmental Protection Agency (EPA) and other international organizations. These regulations are based on the false assumption that burning wood reduces carbon dioxide emissions.
The most recent report (reflecting up until March 31) under the $32 million grant shows that Smith delivered 421 of its vehicles, with $27,343,311 reimbursed to the company with government funds thus far. That calculates to a whopping $64,948 taxpayer subsidy per vehicle.
With nearly a year’s worth of exclusive reporting on Obama’s green-energy crony-corruption scandal, you might think we’ve covered them all—but the hits just keep on coming. This week Fisker is[...]