Green Energy Bankruptcies Could Cost Taxpayers $2 Billion - CRONYSIM RULES CLEAN ENERGY - Excellent short clip from Friday on Fox Biz. SunEdison benefited to the tune of $750 million from taxpayers, mostly through its purchase of First Wind. Marc Morano discusses green skeletons, Solyndra 2, renewable illusions, and rampant crony capitalism at SunE.
Rockström, an environmental science professor at Stockholm University and executive director of the Stockholm Resilience Centre, shocked the world with a bleak prediction in 2009, has had a dramatic change of heart.
'His optimism is founded on the breakneck speed of innovation in wind and solar power in the past two to three years, which means that renewable energy is being deployed on a massive scale and, crucially, at a cost roughly comparable to fossil fuels.'
The largest first-round grant, $20 million, will be shared by the Nature Conservancy and Environmental Defense Fund to foster political engagement on climate change and to build new constituencies and coalitions for "durable action on climate policy in the U.S.," according to a foundation press release.For example, $15 million in new MacArthur funding will go to the Sierra Club to aid the organization's efforts to shutter much of the U.S. coal-fired power plant fleet and press electric utilities to switch to carbon-free energy sources such as wind and solar. The $15 million in new funding follows a $4 million grant made by MacArthur in 2013, according to Bruce Nilles, the Sierra Club's Beyond Coal senior director.
That’s equal to the annual economic activity generated by the entire US nonprofit sector, or all savings over the past ten years from consumers switching to generic drugs. By comparison, annual revenues for much-vilified Koch Industries are about $115 billion, for ExxonMobil around $365 billion.