A123 – Another green energy company goes bust
Waltham, Massachusetts battery company A123 is bankrupt. A123 which makes batteries for electric vehicles, was awarded a $249 million federal grant which does not need to be repaid as would a loan.
Al Gore’s hundred million dollars
Al Gore, who left public office with an estimated net worth of two million dollars, is worth an estimated 100 million dollars today according to the Washington Post. Fourteen green-tech firms in which Gore invested received or directly benefited from more than $2.5 billion in loans, grants and tax breaks, part of President Obama’s historic push to seed a U.S. renewable-energy industry with public money. Green energy bankruptcies are now a regular feature on the business page. Witness today's bankruptcy announcement by Waltham, Massachusetts based battery maker A123 which won't be paying back it's $249 million federal grant. Green investors like [...]
The Navy’s Great Green Fleet
When you think of the military and the color green, you probably think of the Army and its use of camouflage. But how about the Navy?
Spain powers down renewable energy program
Spain has long been touted as a role model for renewable energy development. Leading environmentalists, and even President Obama, have championed the aggressive manner Spain has pursued wind and solar energy development. But how is Spain faring? Not so well.
False promise of green energy
Advocates of green energy and green jobs claim their policies will create jobs, reduce pollution, and save the environment. Dr. Roger meiners, author of the false promise of green energy, disagrees, and has this to say:
Bacteria help make sweet supply of fuel
When it comes to alternative fuels, ethanol is the big leader. But with concern over how rising demand for this corn-based product is driving up food costs, much research is now being done to find other so-called “biomass” sources that can be turned into fuel.