By Jim Campbell, Citizen Journalist
Democrats in particular California Senator Dianne Feinstein talk a good game on energy saying “All of the above.” All doesn’t mean continued development of our oil reserves that would make us energy independent within ten years. Rarely if ever do they take the time to determine the unforeseen consequences to their feel good “we gotta do something boondoggles.”
No liberals, like Feinstein and Boxer enjoy wasting taxpayer dollars while tilting at windmills, like Don Quijote de la Mancha.
At the most famous failed solar company, Solyndra—to which the Obama administration gave a $530 million loan guarantee—several executives were making nearly half a million dollars a year, including large bonuses taken in the months before the company filed for bankruptcy. For them, the failed endeavor was extremely lucrative.
Obama and his friends on the left enjoy rewarding failure after all, it’s not their money. Look no further than the Chevy Volt, a car few want, a care few have purchased in spite of rebates between $7500-$10,000 dollars.
Gee, it seems so surprising that a government-owned auto company would use the instrumentalities of government to suppress safety findings.
For further example; in a report from Scribe Heritage Investments green company Ecotality is one of those struggling green companies that took $141 million from the DOE. Even though they reported a loss of $22.5 million they turned around and gave their executive and director a 50% raise in pay.
SHI’s report also noted that First Solar has received around $1.5 billion in DOE stimulus backed loans. Evidently the loans were not enough to maintain the company’s value and their stocks fell by 30% and they are now laying off 2,000 employees. At the same time the company’s value started its tailspin, their CEO earned $32 million in salary and bonuses.
But wait, there’s more.
A123, a company that provides advanced batteries and electrical storage systems also admits that it is dependent on government money to keep its operations on track. In 2009, their stock priced out at $25.77 per share and at the of time of writing this report it prices out less than $1 per share despite receiving about $250 million in DOE funding. While their stocks were plummeting, the top four executives all received an average of a 20% increase in their base salary and several of them have seen additional increases this year. The company has also awarded their top five executives 1, 210,000 shares of company stock collectively.
Neighbors of proposed local wind farms dismayed at CA Senators Boxer and Feinstein votes for subsidies of industrial wind projects that pose dangers to their communities
By Miriam Raftery
Neighbors of proposed local wind farms dismayed at CA Senators Boxer and Feinstein
April 1, 2012 (San Diego’s East County) – The U.S. Senate has voted to kill S. 2204, which failed to receive the 60 votes needed. The measure would have funded wind industry tax credits by eliminating tax credits for oil companies.
Many wind energy proposals in the pipeline may have the plug pulled by energy companies that say those projects would not be viable without federal money. At a hearing last week on the Ocotillo Express wind project, a representative from Pattern Energy warned that “delays can kill a project” since subsidies expire at year’s end.
“Wow, they voted in favor after all of our phone calls asking them to vote no,” Terry Wiener, head of the Desert Protective Council, told fellow members after learning that California Senators Barbara Boxer and Dianne Feinstein voted for the wind subsidies. “We need to educate Congress, especially the Democrats, about the alternatives to massive remote energy developments.”
(To contact your leaders in the Senate and House to voice your views, call 202-224-3121 or visit our Citizens Action Center “Sound Off!” section.)
Wind energy critics contend that putting hundreds of turbines, each over 450 feet tall, on public wilderness and recreational lands despoils nature, harms wildlife habitat and further, and threatens the health and safety of neighbors.
They cite an increasing number of studies citing medical problems among people living near wind farms. In January, Wisconsin’s Brown County Department of Health sought emergency relief for “families suffering around industrial wind turbines.” Fallen turbine blade in Campo, CA, left to rust for more than a year
Residents in Ocotillo also voice alarm over towering turbines in seismically active areas capable of liquefaction in a major quake, as well as the potential for blades to be thrown a mile or more, as has already happened locally. ( More below)
Abandonment of industrial wind facilities, which has occurred in some other locations, is also a concern, along with wind turbine fires that have occurred in some places and other perils posed by the wind facility.
In McCain Valley and the Boulevard/Jacumba area, residents say officials have failed to consider the cumulative impacts of multiple large energy projects on communities. Nor is the cumulative loss of public lands from all sources being taken into consideration. ( More Below)
Local and regional Native American tribes have decried destruction of sacred lands and cultural sites and say many laws have been broken by federal and state agencies; Chairman Anthony Pico of Viejas is still awaiting a response to a letter sent to President Barack Obama February 22 seeking help. A whistleblower, former Superintendent of Anza-Borrego State Park, has accused state officials of silencing park employees from commenting on negative impacts on the park. The Governor’s office denies the gag-order, however no comments were submitted by the state park service for the project’s final EIR.
“The latest grab by the wind industry for tax credits failed for the fourth time,” said wildlife biologist Jim Wiegand with Save the Eagles International. He is pleased at the defeat but disturbed at the close vote split largely down party lines. “These projects are just plain bad news, regardless of the political party,” said Wiegand, who has voiced alarm over the high rate of bird kills by wind turbines and now the federal government’s move to issue”take” permits making it legal for wind turbine operators to kill eagles without punishment.