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The Stench of Green Subsidies


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#1 stocks

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Posted 03 June 2015 - 05:10 PM

One Man, Elon Musk, Has Received 5 Billion in Govt Subsidies

Tesla Motors Inc., SolarCity Corp. and Space Exploration Technologies Corp., known as SpaceX, together have benefited from an estimated $4.9 billion in government support, according to data compiled by The Times.

Tesla and SolarCity continue to report net losses after a decade in business, but the stocks of both companies have soared on their potential; Musk's stake in the firms alone is worth about $10 billion. (SpaceX, a private company, does not publicly report financial performance.)


New York state is spending $750 million to build a solar panel factory in Buffalo for SolarCity. The San Mateo, Calif.-based company will lease the plant for $1 a year. It will not pay property taxes for a decade, which would otherwise total an estimated $260 million.

The federal government also provides grants or tax credits to cover 30% of the cost of solar installations. SolarCity reported receiving $497.5 million in direct grants from the Treasury Department.


http://www.latimes.c...rack=rss#page=1

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#2 stocks

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Posted 06 June 2015 - 05:34 AM

How do the global warming shysters get away with it?

“…inch by inch, the huge green pressure groups have grown fat on a diet of constant but ever-changing alarm about the future. That these alarms – over population growth, pesticides, rain forests, acid rain, ozone holes, sperm counts, genetically modified crops – have often proved wildly exaggerated does not matter: the organisations that did the most exaggeration trousered the most money.

In the case of climate, the alarm is always in the distant future, so can never be debunked. These huge green multinationals with budgets in the hundreds of millions of dollars, have now systematically infiltrated science, as well as industry and the media, with the result that many high-profile climate scientists and the journalists who cover them have become one-sided cheerleaders for alarm, while a hit squad of increasingly vicious bloggers polices the debate to ensure that anybody who steps out of line is punished. They insist on stamping out all mention of the heresy that climate change might not be lethally dangerous.”


http://www.breitbart...n-science-bomb/

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#3 stocks

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Posted 10 July 2015 - 10:42 AM

UK Government cuts green subsidies

George Osborne to abolish coalition’s green tax target as customers face paying £1.5billion more through their bills to subsidise wind farms, solar panels and biomass plants.

The cost of subsidising new wind farms is spiralling out of control, government sources have privately warned. Officials admitted that so-called “green” energy schemes will require a staggering £9 billion a year in subsidies – paid for by customers – by 2020. This is £1.5 billion more than the maximum limit the coalition had originally planned. The mounting costs will mean every household in the country is forced to pay an estimated £170 a year by the end of the decade to support the renewable electricity schemes that were promoted by the coalition.

Tory ministers are said to be “angry” at the scale of the over-running costs. They are blaming the Liberal Democrats who ran the Department for Energy and Climate Change for the past five years for the spectacular failure to control renewable energy programmes. -

http://joannenova.co...subsidies-rise/

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#4 diogenes227

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Posted 10 July 2015 - 05:02 PM

Nothing like the "stench" of fossil fuel subsidies - $18 billion in 2013 and still rising. As we all know, the oil, gas and coal industries can't make money without being on the government dole. :rolleyes:

What a bunch of hypocrites and all the fools who follow them!

FOSSIL FUELS - WELFARE QUEENS
"If you've heard this story before, don't stop me because I'd like to hear it again," Groucho Marx.

“I spent half my money on gambling, alcohol and wild women. The other half I wasted,” W.C. Fields.

#5 stocks

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Posted 14 July 2015 - 09:26 AM

UK Government cuts green subsidies

George Osborne to abolish coalition’s green tax target as customers face paying £1.5billion more through their bills to subsidise wind farms, solar panels and biomass plants.



Australia has slammed the door shut on any new government-funded investment in renewable energy schemes as Prime Minister Tony Abbott extends his “war on wind power”.


“When I’ve been up close to these things, not only are they visually awful, but they make a lot of noise,” Mr Abbott told Sydney broadcaster Alan Jones. “Up close, they’re ugly, they’re noisy and they may have all sorts of other impacts.


http://www.breitbart...farm-subsidies/

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#6 stocks

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Posted 18 July 2015 - 06:55 AM

Green subsidies are to be slashed again in the UK as the new Tory cabinet “hardens” its stance on eco policies. A “big reset” is coming this autumn on subsidies, which are paid for by consumers and push up household bills.

There will be a major expansion of nuclear and gas to meet demand under this government.

“We need to deal with those extra costs at the top of the electricity bill,” another Cabinet source told The Daily Mail. “A struggling pensioner has to pay it when she doesn’t have the benefit of putting solar panels or a wind turbine on her roof.”

“Household energy bills have soared in recent years. This is not, as some have suggested, due to “rip off energy companies”, but in fact in large part due to government policy.



http://www.breitbart...stance-hardens/

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#7 stocks

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Posted 31 July 2015 - 02:21 PM

European Renewable Energy performance for 2014

By 2014 European Union countries had invested approximately 1 trillion Euro in large scale Renewable Energy installations.

This has provided a nameplate electrical generating capacity of about 216 Gigawatts, nominally about ~22% of the total European generation needs of about 1000 Gigawatts.

The actual measured output by 2014 from data supplied by the Renewables Industry has been 38 Gigawatts or 3.8% of Europe’s electricity requirement, at a capacity factor of ~18% overall.

The Renewable Energy contribution to the electricity supply grid is inevitably erratic, intermittent and non-dispatchable. It is therefore less useful than dispatchable sources of electricity, which can be engaged whenever necessary to match demand and maintain grid stability.

Accounting for capacity factors the capital cost of these Renewable Energy installations has been about €29billion / Gigawatt. That capital cost should be compared with conventional gas-fired electricity generation costing about €1billion / Gigawatt.


http://wattsupwithth...hort-of-claims/

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#8 stocks

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Posted 03 August 2015 - 08:28 AM

European Renewable Energy performance for 2014

By 2014 European Union countries had invested approximately 1 trillion Euro in large scale Renewable Energy installations.

This has provided a nameplate electrical generating capacity of about 216 Gigawatts, nominally about ~22% of the total European generation needs of about 1000 Gigawatts.

The actual measured output by 2014 from data supplied by the Renewables Industry has been 38 Gigawatts or 3.8% of Europe’s electricity requirement, at a capacity factor of ~18% overall.

Scatterplot, European Electricity Cost vs Installed Renewable Capacity


https://wattsupwitht...le-capacity.png

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#9 Rogerdodger

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Posted 17 August 2015 - 03:21 PM

File under: 'FREE MARKET WORKS BEST"
or "Utopian ideas always fail".

California measure fails to create green jobs...


Three years after California voters passed a ballot measure to raise taxes on corporations and generate clean energy jobs by funding energy-efficiency projects in schools, barely one-tenth of the promised jobs have been created, and the state has no comprehensive list to show how much work has been done or how much energy has been saved.
Money is trickling in at a slower-than-anticipated rate, and more than half of the $297 million given to schools so far has gone to consultants and energy auditors.

And in an unrelated Utopian command and control failure:
$19-an-Hour Waiters Hurdle to Growth in Oz...
Award-winning chef Ben Willis would have no trouble filling his Canberra restaurant on Sundays. It's been voted the best in the Australian capital three years running.
But faced with a A$25.94 ($19.12)-an-hour wage bill even for trainee waiters under Australia's complex system of pay rates, he says it makes no financial sense to open.
For Willis, whose Aubergine restaurant and other Canberra eatery Temporada are closed on Sundays, change is essential.
"Tourists come here and they complain that nothing is open on a Sunday," he said. "It's a bad look."

Edited by Rogerdodger, 17 August 2015 - 03:33 PM.


#10 stocks

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Posted 03 September 2015 - 07:12 AM

Scatterplot, European Electricity Cost vs Installed Renewable Capacity


https://wattsupwitht...le-capacity.png


The green energy lobby flunks Logic 101.

1. The green energy lobby says green energy is "as cheap as coal."

2. The green energy lobby goes berserk when they lose their subsidies.


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http://joannenova.co...dustry-shocked/

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