Exxon called hateful for producing value

How do we know that Solyndra and First Solar and Fisker Automotive and thirty other failed Obama-subsidized green energy ventures are (or were) highly moral enterprises? Because they are all going bankrupt. They all produce less value for consumers than they cost in resources. That’s good because producing net value—making money—is the criterion of immorality. Such, at…

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Climate goes off the presidential radar

Watching the debate tonight, I kept listening for some hint of the discussion of the “climate crisis”. Why? Because the League of Conservation Voters put out a broad petition campaign to influence moderator Jim Lehrer: But it didn’t work, not a single mention was made of, as they put it, “…the greatest challenge of our…

Shocker: BP quits solar power industry

BP Exits the Solar Industry (via Planet Gore) By Greg Pollowitz Bloomberg: BP Plc, Europe’s second-largest oil company, will shut its solar power unit and quit the business entirely after 40 years because it’s become unprofitable. The company will wind down the unit, BP Solar, over several months, Mike Petrucci, the unit’s chief executive officer, told…

Your [wasted green] tax dollars at work

From the Fiscal Times: Solyndra Went on a Spending Spree After Getting Loan Former employees of Solyndra, the shuttered solar company that exhausted half a billion dollars of taxpayer money, said they saw questionable spending by management almost as soon as a federal agency approved a $535 million government-backed loan for the start-up. A new…

Newsbytes: Green jobs and carbon pricing – up in smoke?

The green-jobs revolution may be going up in smoke. Despite billions of dollars in federal investment and cheerleading from President Obama, even the most ardent supporters of a transformed, job-generating energy sector based largely on wind, solar and other renewable sources acknowledge that their dreams have not translated into reality. The records for other countries…