California has enacted the nation’s first cap-and-trade program, designed to provide financial incentives to companies to help curb greenhouse-gas emissions. After an exhausting eight-hour meeting last Thursday with union leaders, industry representatives, and various supporters and opponents of the plan, the California Air Resources Board voted unanimously to implement the first state-administered system that would stick a price tag on carbon emissions and permit the state’s industries to trade carbon credits. The plan is an integral component of the state’s ambitious 2006 global-warming law, signed by Governor Arnold Schwarzenegger, which looks to slash emissions to 1990 levels by 2020.
As federal prosecutors confirmed in a court filing Wednesday that a criminal investigation involving the recent raid on Gibson Guitar Corporation is now in motion, other American guitar makers are expressing concern for their own business operations. Gibson facilities in Memphis and Nashville were raided by federal agents on August 24, leaving the company with an estimated loss of $2 to $3 million.
A report released last week by the Environmental Protection Agency’s Inspector General questions the procedural policy of the EPA’s 2009 decision that greenhouse gas emissions pose a threat to public health and welfare. The report, entitled "Procedural Review of EPA’s Greenhouse Gases Endangerment Finding Data Quality Processes," does not decry the science of greenhouse gas emissions, but observes that the procedures conducted by the agency to make its "scientific" determination were askew. The release "calls the scientific integrity of EPA’s decision-making process into question and undermines the credibility of the endangerment finding," asserted Sen. James Inhofe (R-Okla.), ranking member of the Senate Committee on Environment and Public Works.
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.
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.
The FBI is investigating bankrupt solar-panel maker Solyndra after the company secured more than $500 million in loan guarantees from the federal government. Glorified by President Obama as "the future" of clean energy and a "testament to American ingenuity and dynamism," (during a visit, pictured at left) Solyndra headquarters was raided by FBI agents on Thursday, as allegations were made that executives knowingly misled the government in an attempt to swindle $535 million in federal loan guarantees. FBI spokesman Peter Lee said the investigation commenced following a request by Energy Department inspector general Gregory Friedman, who alleged that the department’s clean-energy loan program lacks "transparency and accountability."
In a news release last week, the Environmental Protection Agency labeled hay a pollutant, according to the Ranchers-Cattlemen Action Legal Fund, United Stockgrowers of America (R-CALF USA). A non-profit organization representing thousands of U.S. cattle producers, R-CALF USA says the EPA’s outlandish affidavit could potentially require farmers and ranchers to store hay in pollution containment zones.
After collecting $535 million in loan guarantees from the federal government, solar technology manufacturer Solyndra is shutting down its operations, as hundreds of employees were turned away Wednesday morning. Just last year, the Silicon Valley solar panel maker drew valiant praise from President Obama (pictured during his visit to the company, left) for being an "innovator" in solar technology, while the President touted the economic opportunity for thousands of "green" jobs.
Seattle reaped the benefit of a $20 million federal grant to weatherize homes in one of America’s "greenest" cities, and 16 months later, a whopping 14 jobs were created — making the cost per job a wondrous $1,428,571. "The jobs are not there," Todd Myers, author of the book Eco Fads, told Fox News. "So we’re training people for jobs that don’t exist." (In his famous October 27, 1964 speech in behalf of presidential candidate Barry Goldwater, Ronald Reagan noted that Lyndon Johnson's "War on Poverty" proposed job training camps "that we're going to spend each year just on room and board for each young person we help 4,700 dollars a year. We can send them to Harvard for 2,700!")
The Environmental Protection Agency (EPA) is sketching out a regulatory blueprint designed to control pollution levels from coal-fired power plants, and lying under the torrent of new regulations will be mercury, smog, water intake, coal ash, and greenhouse gases.