Despite ongoing controversy over the federal government’s scandalous loan guarantee to the now-bankrupt Solyndra, a $25 billion green-car loan fund has managed to avoid the congressional guillotine. The Department of Energy’s Advanced Technology Vehicles Manufacturing (ATVM) loan program, which was established during the Bush years and began dispensing funds during the Obama administration, is designed to provide debt capital to the auto industry and assist manufacturers in retooling facilities and equipment and improving fuel economy for vehicles manufactured in the United States.
Publishers of the Times World Atlas are under fire for exaggerating ice loss in Greenland and are "urgently reviewing" their newest map of that country. HarperCollins claims the latest edition of its atlas, published September 15, depicts the world "at its most fragile," but scientists say it shows a dream world. One expert told Reuters the atlas suggests Greenland's massive ice sheets are shrinking at a rate that "could easily be 20 times too fast and might well be 50 times too fast."
As the Solyndra bankruptcy debacle begins to unwind, President Obama and political leaders will find that an increasingly bright light is shone on the federal government’s mischievous administration of green energy loans and subsidies. William Yeatman, energy policy analyst at the Competitive Enterprise Institute (CEI) — a think tank promoting free markets and limited government — testified at a House Water and Power Subcommittee of the Natural Resources Committee hearing Thursday on a contentious loan program orchestrated by the Western Area Power Administration (WAPA), a power marketing administration within the U.S. Department of Energy.
Regardless of global temperatures, fewer people are dying from extreme weather events, according to a new study published by the libertarian think tank Reason Foundation. Its research revealed the global weather-related death rate has declined by 98 percent since the 1920s. Deaths from severe weather now contribute only 0.07 percent to global mortality.
Shell Oil is set to tap Alaska's vast oil reserves now that the U.S. Environmental Protection Agency (EPA) has issued a final air quality permit to allow exploration development north of the Arctic Circle. The permit allows Shell to set up its Noble Discoverer drillship in the Chukchi Sea along with a fleet of support vessels including icebreakers and oil-spill response crafts. The company will be allowed to operate them no more than 120 days annually starting in 2012. The permit sets strict air pollution control limits on the drilling equipment.