We are wasting $2 trillion a year chasing ‘green’ fantasies

Despite much hype, the much-vaunted green energy transition away from fossil fuels isn’t happening.

Achieving a meaningful shift with current policies turns out to be unaffordable. We need to drastically change policy direction. 

Globally, we are already spending almost $2 trillion annually to try to force an energy transition. Over the past decade, solar and wind energy use have increased to their highest-ever levels.

But it hasn’t reduced fossil fuels — on the contrary, we have added even more fossil fuels over the same time. 

Countless studies show that when societies add more renewable energy, most of it never replaces coal, gas or oil. It simply adds to energy consumption. Recent research shows that for every six units of new green energy, less than one unit displaces any fossil fuel. Analysis in the United States shows that renewable energy subsidies simply lead to more overall energy being used.

In other words, policies meant to boost green energy are leading to more emissions.

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‘Green’ renewable fuel plants are releasing MORE pollution than oil refineries, report claims

So-called ‘green’ fuel refineries have used loopholes in federal regulation to become massive polluters, according to a new report. 

The 275 Biofuel and ethanol manufacturers in the US released 12 million tons of toxic materials into the air in 2022 compared to 15 million emitted by oil refineries, the report detailed. 

Further, these plants released more of four kinds of toxic chemicals that can cause vomiting, diarrhea and shortness of breath in the short term, and have been linked to cancer in the long term. 

These green fuel companies use products like corn or vegetable oil to make fuel instead of petroleum. 

A majority of the biofuel facilities are located in the Midwest, with one in Illinois that generated the largest source of Hexane, a toxin that can cause nerve damage.

Courtney Bernhardt, Director of Research for the Environmental Integrity Project (EIP), the group that released the report, said: ‘Despite its green image, the biofuels industry releases a surprising amount of hazardous air pollution that puts local communities at risk – and this problem is exacerbated by EPA’s lax regulation.’

The EIP is a nonprofit watchdog group focused on environmental law, and has been calling for increased federal regulation of the ‘green’ fuel industry. 

Their report reviewed 2022 data that the US Environmental Protection Agency (EPA) released from 191 ethanol plants, 71 biodiesel plants and 13 renewable diesel plants. 

Not only were the ‘green’ manufacturers emissions nearly on par with oil and gas, they also released more of particularly potent toxins than the petroleum manufacturers – including hexane, acetaldehyde, acrolein and formaldehyde than traditional oil and gas refineries. 

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Thousands of Beloved Joshua Trees to Be Chopped Down in Maniacal CA Solar Energy Push

The Joshua tree. The beloved gnarled California icon—revered by desert aficionados and nature conservationists and considered to be endangered—is nevertheless under assault in a weird twist: environmentalists battling environmentalists.

The tree is held in such high regard by people who love the natural world that supergroup U2 named perhaps their finest album after it, titling their 1987 multi-hit record simply “The Joshua Tree.”

The symbolism was not lost on their fans.

But woke is pitted against woke, as the ancient trees now face the chopping block as the crazed “green energy” crowd is poised to destroy the land and thousands of these ancestral growths:

A renewable energy company will soon begin clearing thousands of protected Joshua trees just outside this desert town, including many thought to be a century old, to make way for a sprawling solar project that will generate power for 180,000 homes in wealthier coastal neighborhoods.

The 2,300-acre project has angered residents of Boron and nearby Desert Lake, two small Kern County towns where the poverty rate is twice the California average. Residents say their concerns about construction dust, as well as the destruction of the mostly pristine land that is habitat for endangered desert tortoises, have been ignored by the county and state officials who approved it.

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World’s Largest Floating Solar Farm Wrecked By A Storm Just Before Launch

Anyone who has ever owned a boat, particular a large boat which gets left in the water, knows what a harsh environment the sea can be. Some kind of failure was inevitable. If it hadn’t been a storm, there are plenty of other things which could have gone wrong.

Greens keep telling us we can expect more frequent and extreme superstorms – so what is the point of building vulnerable floating structures?

Plastics tend to disintegrate under tropical sunlight, especially when in contact with water or water spray. Ultraviolet from the sun drives exotic chemical reactions, which leads to chemical breakdown.

Metal sitting in water is difficult to manage, even stainless steel is not immune to corrosion. All metal structures in contact with water need to be protected with sacrificial anodes or comparable protective measures. Electricity and metal are an especially bad combination, any electrical fault which causes a current to run through metal in contact with water can cause corrosion to occur thousands of times faster than normal.

Let us hope developers and politicians take the hint, and stop throwing our money at inherently flawed ideas like floating solar arrays.

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Profits of Doom

A mainstay of the green lobby in the face of its growing number of critics is that climate sceptics are funded by oil, gas and coal interests. By claiming that commentators such as yours truly are merely the PR front for Big Oil, green campaigners feel that they have excused themselves from the need to make rational arguments. Profit, not reason, they claim, drives scrutiny of the climate agenda. But not only do their accusations lack any evidence, they ignore the much greater flow of money between private interests and green lobbyists. So, what’s in it for them?

If only we were funded by Big Oil, perhaps I would be as wealthy as Britain’s top green officials, such as the outgoing Chief Executive of the U.K. Climate Change Committee (CCC), Chris Stark. The civil servant’s total salary and benefits for the financial year 2020-21 amounted to a whopping £400,000. That’s more than the annual total income for the organisation at number one in the green demonology – the Global Warming Policy Foundation – for four out of the last five years. The CCC’s former Chairman, John Gummer, restyled as Lord Deben, was revealed to have made £600,000 from his business dealings with green companies, which he failed to declare in the register of interests – profits that helped him employ a butler, no less, at his Suffolk mansion. Gummer’s predecessor at the CCC, Lord Adair Turner, saves the planet by heating the swimming pool at his country retreat using solar power.

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Proof that wind and solar are disasters, and not the energy America really needs

Forget the “science is settled.” With energy policy, settling on the best energy sources is more important. 

Unfortunately, the debate over energy is dominated by agenda-driven outbursts and misleading statistics, from activists and governmental officials alike. That’s why we released a comprehensive report card that reviews every major energy source’s benefits (and limitations). 

We’re “grading the grid,” so lawmakers and regulators don’t enact policies that are doomed to fail.

Our analysis, the first of its kind, takes a holistic look at America’s eight most important energy sources: natural gas, wind, solar, nuclear, coal, petroleum, geothermal and hydroelectric. 

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Biggest Corporate Welfare Scam Of All Time

President Joe Biden keeps lecturing corporate America to “pay your fair share” of taxes.

It turns out he’s right that some companies really are getting away scot-free from paying taxes.

But it isn’t Big Tech companies in Silicon Valley or the Wall Street financial company “fat cats” or big banks or Walmart.

They pay billions in taxes.

The culprits here are the very companies that President Biden is in bed with: green energy firms.

It turns out that despite all the promises over the past decade about how renewable energy is the future of power production in America, by far the biggest tax dodgers in the country are the wind and solar power industries.

Over the past several decades, the green energy lobby—what I call the climate-change-industrial complex—isn’t paying its fair share. That’s because the vast majority of these companies pay nearly ZERO income taxes.

But they wade in rivers of federal direct and indirect subsidies that keep these zombie companies alive. Over the past two decades, the renewable energy lobby has collected more than one-quarter trillion dollars in subsidies—payments that we’ve been assured over and over would be temporary. The argument for these grants, loans, tax abatements and other sweetheart kisses is that these were “infant industries” in need of a Head Start program for CEOs.

Except these companies have never even reached puberty after all these years.

What’s worse is that President Biden keeps spoiling the children with lavish gifts for bad performance.

A new report by tax expert Adam Michel at the Cato Institute finds the green energy subsidies—mostly created by Biden policies like the so-called Inflation Reduction Act—will drain the Treasury of as much as $1.8 trillion over 10 years.

The Cato report finds that since its passage, “the estimated cost of the IRA’s new and expanded energy tax credits increased dramatically.”

These tax shelters are just a form of Aid to Dependent Corporations. They never seem to want to cut the umbilical cord.

What have we gotten for this mountain of taxpayer-funded green energy largesse?

Nothing, really.

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The Crippling Economic Costs Of Green Energy Subsidies

The green energy subsidies in the Inflation Reduction Act (IRA) have been justified by the Biden Administration as a booster of U.S. economic growth and jobs.  But when the subsidies are tallied and the overall impacts evaluated, the IRA is a job and economic growth killer. 

Under the IRA, the lion’s share of subsidies will be paid to wind and solar developers.  The subsidies will not expire until electric industry carbon emissions fall by at least 75% below 2005 levels, after which they will gradually decrease.  Even the most optimistic forecasts prepared by the U.S. Energy Information Administration (EIA) show that this will not occur until at least 2046.  Thus, the subsidies for wind and solar will continue unabated for decades.  In total, the subsidies will far exceed what the U.S. government spent in today’s dollars to combat the Great Depression.

The single largest subsidy is the federal investment tax credit (ITC).  Most wind and solar projects will be able to claim a minimum 30% ITC, plus be eligible for an additional 10% credit if the projects rely on domestic manufacturing for components.  

The EIA’s optimistic forecast projects about 900,000 megawatts (MW) of solar photovoltaics, 350,000 MW of onshore wind turbines, and 24,000 MW of offshore wind by 2046.  If all of this generation is built, it will result in direct ITC subsidies totaling between $500 billion and $1 trillion, depending on construction costs.  The greater the costs, the larger the subsidies.  Although wind and solar proponents still claim costs are falling, the reality is the opposite.   Offshore wind developers, especially, are clamoring to renegotiate contracts they signed previously, including guaranteed price adjustments for increasing costs, and relaxing the domestic content requirement so they can claim the additional 10% ITC.

Despite spiraling deficits – almost $2 trillion in the fiscal year that ended this past October – green energy subsidies will be financed with still more government debt.  With the increase in interest rates to normal levels, financing costs will soar, adding an estimated $500 to $800 billion to the bill costs, almost as much as the subsidies themselves. 

The envisioned spending and subsidies for green energy, several hundred billion dollars annually just for wind and solar generation, will distort energy markets.  First, they will crowd out more productive private investment in the energy sector and reduce the resources available for more efficient forms of generation, especially small modular reactors.  Second, as the deficit increases further, higher interest rates will crowd out private investment in more productive private sectors of the economy.

Along with the Administration’s push to “electrify” the economy, such as higher vehicle mileage standards that act as a de facto mandate for electric vehicles and proposed bans on natural gas appliances, the result, as has been experienced in Europe, will be soaring electricity prices.  Those higher prices will reduce economic growth and employment, far more so than the green energy investments can boost it.  Although the subsidies will benefit wind and solar developers, but the overall economic impacts for the country will be crippling.

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New documentary ‘proves’ building offshore wind farms does kill whales

The increase in whale, dolphin, and other cetacean deaths off the East Coast of the United States since 2016 is not due to the construction of large industrial wind turbines, U.S. government officials say.

Their scientists have done the research, they say, to prove that whatever is killing the whales is completely unrelated to the wind industry. 

But now, a new documentary, “Thrown To The Wind,” by director and producer Jonah Markowitz, which I executive produced, proves that the US government officials have been lying.

The film documents surprisingly loud, high-decibel sonar emitted by wind industry vessels when measured with state-of-the-art hydrophones. And it shows that the wind industry’s increased boat traffic is correlated directly with specific whale deaths

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Scottish Govt Axes 16 Million Trees To Clear Way For ‘Greener’ Solutions

Since 2000, the Scottish government has felled around 1,700 trees on a daily basis, all to make way for “green” initiatives. Leave it to the government and their leftist abettors to harp on the “destruction of the environment” then chop down literal trees to create barren wastelands—all to make room for obtrusive, industrial, inanimate behemoths that obliterate all sorts of animal populations, and create massive amounts of environmental pollution (in production, maintenance, and disposal).

According to an article by Frank Bergman and posted to Slay News yesterday, the Scottish government’s scheme of systematic deforestation was implemented to “meet the goals” of the climate agenda. Is that not one of the most ludicrous and asinine things you’ve ever heard? Or perhaps, the move is right in line with the climate agenda, because the goal isn’t environmentalism… but rather communistic destruction?

From Bergman:

A Scottish government official has admitted that almost 16 million trees have been cut down in Scotland to make way for ‘green energy’ farms.

The trees were growing on public land and were chopped down so the land could be used for wind turbines.

The admission was made by Scotland’s Rural Affairs Secretary Mairi Gougeon, a member of the ruling left-wing Scottish National Party (SNP).

She estimated that 15.7 million trees had been cut down since 2000 on land currently managed by Forestry and Land Scotland (FLS).

Bergman also reported that Gougeon said:

‘Where woodland is removed in association with development, developers will generally be expected to provide compensatory planting in order to avoid a net loss of woodland.’

“Generally”? Seems rather vague and subjective; unsurprisingly, “No information has yet been provided regarding any trees that were ‘replanted,’ however.”

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