Greasing the solar skids

So it turns out that Solyndra may be just the tip of the iceberg that is the Obama administration’s politically charged energy-loan scandal.

Even as Energy Secretary Stephen Chu was on Capitol Hill this week, claiming — against all the e-mail evidence — that the White House played no role in the Solyndra debacle, came word of an even bigger potential scandal.

Turns out a California-based “green jobs” firm with a troubled financial history got a $1.4 billion Energy Department loan guarantee — three times the size of Solyndra’s jackpot — despite mountains of debt.

And it turns out that the principal private investor in BrightSource Energy, the lucky recipient, is a company called VantagePoint — whose “venture partners” include Robert F. Kennedy Jr.

That’s a name that certainly opens up a lot of doors in Barack Obama’s Washington — when Kennedy’s not busy preaching to New Yorkers about their environmental crimes and trying to shut down key energy sources, like Indian Point.

It also doesn’t hurt that a VantagePoint official (and Obama fund-raiser), Sanjay Wagle, left the firm to become a renewable-energy-grants adviser at — yep — the US Department of Energy.

The revelation of BrightSource’s bailout — and the RFK Jr. connection — appear in Peter Schweizer’s explosive new book, “Throw Them All Out.”

To be sure, BrightSource itself was upfront on just how iffy an investment its company was: “This offering involves a high degree of risk,” warned its IPO registration statement. “We have generated substantial net losses and negative operating cash flows since our inception and expect to continue to do so for the foreseeable future.”

How much in losses? “We have incurred losses of approximately $204.1 million from our inception through March 31, 2011,” it conceded.

Moreover, “our proprietary technology has a limited history and may perform below expectations when implemented.”

Wait — it gets better.

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Green Pillage and Plunder By Alan Caruba

To understand what is behind all the talk, the legislation, the protests in support of “global warming”, now commonly called “climate change”, you have to understand the millions, if not billions, at stake for the liars who dreamed up this greatest hoax of the modern era.

The basics:

There is no dramatic warming of the Earth. There never was though it has passed through periods of warming. The most recent mini-ice age lasted from around 1300 and ended around 1850; the Earth began to warm again to normal levels. Warming and cooling cycles, like Ice Ages, are well documented and warm is better because it produces greater crop yields, increased forest growth, whereas cooling endangers life.

The Earth entered a normal cooling cycle around 1998 and is still in that cycle. The Earth is at the end of an interglacial period between Ice Ages and it will enter a new one. The Earth is not heating up. It will get very cold and stay that way for thousands of years.

During the last Ice Age more than a third of the Earth was covered in ice and the air had less, not more, carbon dioxide (CO2). Carbon dioxide correlates with periods of warmth and the most recent such period saw the rise of human civilization and expansion of the human population during the current interglacial period.

Carbon dioxide plays no role whatever in “heating up” the Earth. In terms of the Earth’s atmosphere, it is a miniscule 0.038%. The rest is mostly water vapor. The amount of CO2 in the atmosphere is equivalent to one penny out of $100.00.

Volcanic eruptions produce more CO2 than human-related activity and there are at least twenty such eruptions from active volcanoes occurring as you read this.

If you shut down all the power plants, all the factories, all the bakeries, all commerce, the only result would be the destruction of the economy. Similarly, if you thwarted all coal, natural gas, and oil production, the agenda of the current administration, the only effect would be to render millions without jobs and without the capacity to turn on the lights or heat their homes.

Carbon dioxide is vital to all life on Earth because no vegetation can exist without it.

The UN and Green Organizations:

The global warming hoax is the creation of the United Nations and, in particular, its Intergovernmental Panel on Climate Change, the agency responsible for the Kyoto Protocols of December 11, 1997 intended to reduce CO2 production worldwide. What purpose is served by this? One answer is the weakening of the economies of industrialized nations. It is a little known fact that both China and India were exempt from the Protocols.

It has taken some nations a while to wake up to the suicidal effects of the IPCC program. In early November, Canada slashed the budget of its environmental program; in particular the ozone monitoring costs that were the result of the Montreal Protocol. If the U.S. was to follow suit, the savings would be billions. The EPA and NOAA budgets for 2010 were $10.3 billion and $5.5 billion dollars, respectively.

As recently as November 1st, the IPCC was claiming that weather events from the October snowstorm that hit northeastern U.S. and the record floods in Thailand were the result of—you guess it—global warming. It’s latest report asserts that it is “virtually certain” that the world would have more extreme spells of heat and fewer of cold. Thus, by this warped logic, warming causes blizzards.

The perpetrators of the “climate models” produced by the IPCC over the years were exposed in 2009 in what has since been called “Climategate.” Emails between them revealed the deliberate deception. It is estimated that the U.S. has spent over $50 billion on “climate research” since the late 1990s.

Support for the global warming hoax came from science journals and the mainstream media. The IPCC received a Nobel Prize. Al Gore’s documentary on global warming received an Oscars. It was all a lie, but the sale of bogus “carbon credits” reaped millions for those engaged until the exchanges offering them were forced to close their doors.

Much of the regulation being forced upon the American economy by the Environmental Protection Agency is predicated on the “control” of carbon dioxide and is directed at plants that generate fifty percent of all the electricity used daily and coal mines that provide that energy.

On November 8th, the Obama administration announced its intention to regulate CO2 emissions from power plants. On November 10th, it announced a delay in the authorization of a new oil pipeline from Canada. Environmental organizations such as the Sierra Club and Friends of the Earth were jubilant despite the estimated 20,000 jobs that were lost from the delay. There are some 50,000 pipelines in the U.S. that provide the energy we use daily.

We are witnessing the strangulation of the American economy by the United Nations, the Obama administration, U.S. and international environmental organizations, and much of the mainstream media that continues to report on “greenhouse gas emissions.”

We are long since passed the time for U.S. withdrawal from the UN and the shutdown of the EPA. Every day that passes is a nail in the nation’s coffin.

© Alan Caruba, 2011

California — toxic for business

Unless Sacramento moves to improve the business climate, California’s reputation as one of the country’s most toxic business environments will make it hard for the Golden State to regain its luster.
[…]
Last year, the medical technology firm Numira Biosciences packed its bags and left Irvine for Salt Lake City. When asked about the firm’s departure, its chief executive praised Utah’s quality of life but also blamed California’s business environment for the move. “The tipping point was when someone from the Orange County tax [assessor] wanted to see our facility to tax every piece of equipment I had,” Michael Beeuwsaert told the Orange County Register.

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Congressional Insider Trading Outrage Prominent On Business Network