Abengoa, a Spanish renewable energy company, is on the brink of failure. Few in the United States might care except for the fact the Obama administration showered Abengoa with more than $2.9 billion in federal grants and loan guarantees: If Abengoa goes belly up, taxpayers will be on the hook for a bankruptcy that makes Solyndra’s look small by comparison.
Tagged: solar power
In today’s edition of The Heartland Daily Podcast, Managing Editor of Energy & Climate News H. Sterling Burnett speaks with Greg Walcher. Walcher is president of the Natural Resources Group and a Heartland policy advisor. Walcher discusses his forthcoming paper, “Not Ready Yet: Why Homeowners Still Find Solar Power Too Expensive, Unreliable, Inefficient, and Undependable.”
In Today’s edition of The Heartland Daily Podcast, we listen in as Senior Fellow James M. Taylor speaks with Marita Noon, host of America’s Voice for Energy. Taylor and Noon discuss solar energy in the United States. Noon and Taylor have both recently focused some of their work on the topic of solar power.
The states that will get hurt the most by this new EPA rule are red states for the most part, if not entirely. Most blue states won’t feel a thing. And – boy oh boy – those windmill manufacturers must be dancing in the streets!
Before President Obama took office in 2009, the amount of electricity being produced by coal-fired utilities was approximately fifty percent of the total. Today it is approximately forty percent and, when the Environmental Protection Agency regulations take effect as of June 2, more such utilities are likely to close their doors. The basis for the regulations is utterly devoid of any scientific facts.
Americans take electricity for granted. Electricity powers our lights, our computers, our offices, and our industries. But misguided environmental policies are eroding the reliability of our power system.
I started covering some of the shenanigans from the solar industry last summer when I wrote about the “Green Tea Party” in Georgia. I had no idea what a can of worms I’d opened. In September, I wrote about the net-metering battle taking place in Arizona—and pointed out the national implications of what was playing out there. The following month, I addressed, what I believe, is an organized effort by the industry, to co-opt the language of the free-market/conservative/limited-government thinking population in an effort to convenience them that government-mandated and -subsidized solar energy was a good thing. Last month I warned consumers of solar scams in a column I wrote titled “Clouds on the solar horizon.”
Solar electricity is growing, promoted, and most importantly, heavily subsidized. The promoters of solar electricity claim that it is close to being competitive with conventional sources of electricity. That is a fantasy.
Think of the millions of birds being killed by renewables. Think of the billions of taxpayer dollars that have gone down the drain in “the quest for the holy grail of cheap renewable power.” Whether you oppose death by renewables for avian or economic reasons isn’t important. But what does matter is making your opposition heard.
Scientists at the forefront of global warming activism published an open letter encouraging their fellow warmists to embrace safe nuclear power as a means of reducing carbon dioxide emissions. If environmental activist groups honestly believe humans are causing a global warming crisis, they will eagerly join in support.
When Paul Revere made his famous ride announcing that the British were coming, the pending battle was over high taxes, and the consequences threatened America’s future independence. Likewise, today the battle is over higher-cost electricity which impacts all aspects of modern life and threatens America’s economic independence.