Links tagged “solar”

Via Heatmap - By ROBINSON MEYER: "What hasn’t received as much attention is that Silicon Valley Bank was particularly important to the climate-tech sector. “Silicon Valley Bank was an integral part of the early-stage climate tech community and I hope that they survive in some form to continue that role,” Gabriel Kra, a managing director at Prelude Ventures, told me on Friday. Silicon Valley Bank served as a banker to dozens of climate and energy-tech companies, holding their cash on a day-to-day basis and issuing billions of dollars in loans in support of the type of large-scale, one-off projects that are essential to the sector. The bank’s website bragged about its particular support of solar, hydrogen, and energy-storage companies. It provided more than half a billion dollars in revolving credit to Sunrun, the country’s largest residential solar company.

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Bank of England Downgrades Net Zero & Will Cut Spending for its Work on Climate Change – Shift ‘to focus on core areas’

Was the Silicon Valley Bank Collapse Caused by Climate Activism?

$100 billion spent by U.S. to stop climate change called ‘the greatest ripoff in American history’ as CO2 emissions continue to rise

Stephen Moore: Associated Press story, based on the latest data on global carbon emissions, provides a pretty accurate report card: "Carbon Dioxide Emissions Reached a Record High in 2022." ... When you spend $100 billion of taxpayer money and achieve absolutely nothing, President Joe Biden and his green allies should be arrested for criminal fraud.

Where did all the money go? Tens of billions of dollars have lined the pockets of left-wing environmental and social justice groups that have been emitting a lot of hot air but no results. Green energy companies have milked taxpayers of tens of billions more, even as wind and solar only produce about 12% of our energy. Is this the greatest ripoff of U.S. taxpayers in history? ... 

Nothing the Left is doing on climate change is making even the tiniest bit of difference, as the new report shows. What it is doing is giving politicians and activists a chance to virtue-signal. Does it even matter to them that none of their schemes are working?

Ed Ring: By now it should be beyond serious debate that “renewable” energy cannot possibly scale adequately to replace fossil fuels. Worse still, renewable energy systems are even less sustainable than fossil fuels and cause more environmental destruction. Renewables also fail to offer significant reductions in carbon emissions, and in some cases actually cause more carbon emissions. Why these facts are dismissed by America’s elites is a story of corruption, collusion, megalomania, greed, cowardice, intellectual negligence, and delusional mass psychosis. ...

Americans face a future of perpetual scarcity: rationed, algorithmically micro-managed access to energy, punitive pricing for energy use over government mandated thresholds, and a wasteland of landscapes ruined by solar farms, wind farms, battery farms, distribution lines, open pit mines, evaporation ponds, and dumps; all the destructive consequences of industrial scale “renewables” development. At this rate, the blind rush to eliminate fossil fuel and rely solely on renewables will cause catastrophic worldwide shortages of energy, spawning deadly poverty and desperate wars. ... Renewables in their current form will never deliver enough energy to sustain a prosperous human civilization. But they will destroy the earth. Wind farms, onshore and offshore, wreak havoc with insect, avianand marine life, and building them will consume more cement than the world can possibly supply.

Steve Goreham: Since 2000, the world has spent more than $5 trillion on green energy. More than 300,000 wind turbines have been erected, millions of solar arrays were installed, more than 25 million electric vehicles (EVs) have been sold, hundreds of thousands of acres of forest were cut down to produce biomass fuel, and about three percent of agricultural land is now used to produce biofuel for vehicles. The world spends about $1 trillion per year on green energy. Government subsidies run about $200 billion annually, with more than $1 trillion in subsidies spent over the last 20 years.

We are in the midst of history’s greatest wealth transfer. Government subsidized wind systems, solar arrays, and electric vehicles overwhelmingly benefit the wealthy members of society and rich nations. The poor and middle class pay for green energy programs with higher taxes and higher electricity and energy costs. Developing nations suffer environmental damage to deliver mined materials needed for renewables in rich nations.

California energy expert tells Fox News Digital: 'The burden to the consumer is going to be ridiculous'

Wind turbines and solar panels may be able to generate intermittent electricity, but they cannot manufacture anything. ... Everything that needs electricity is made with the oil derivatives manufactured from crude oil. Let’s take a look at a few infrastructures, and products, that did not exist before the 1800’s, that now need electricity to operate: Transportation; Hospitals; Medical equipment; Appliances Electronics; Telecommunications; Communications systems; Space programs; Heating and ventilating; Military."