climate denier in charge of EPA transition

[fredtoast]

(11-16-2016, 02:11 AM)djam Wrote:  Which is why when Obama gave billions to all those green energy companies, they all went out of business like really fast lol.

You know absolutely nothing about the issue of global warming other than the completely false propagande that the right wing pours down your throat and you swallow without question.

http://www.takepart.com/article/2014/11/17/us-has-invested-34-billion-renewable-energy--and-making-profit

The U.S. Government Has Invested $34 Billion in Renewable Energy—and It’s Making a Profit
A report shows that the Department of Energy has far fewer failures than a typical venture capital firm.


(Photo: Yuriko Nakao/Reuters)

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Is the United States government a savvier investor in green technology than Silicon Valley’s masters of the universe?

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It sure looks like it, judging from the U.S. Department of Energy’s new [url=http://energy.gov/sites/prod/files/2014/11/f19/DOE-LPO-MiniReport_Final%2011%2013%2014_0.pdf]report on the performance of its $34.3 billion portfolio of investments in solar power plants, wind farms, and other renewable energy projects. The Obama administration in 2009 charged the DOE’s Loan Programs Office with jump-starting cutting-edge green technology ventures deemed too risky and expensive to attract cash from private investors.
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As of September, that portfolio had a loss rate of 2.28 percent and has made a profit of $30 million.
The typical loss rate for a venture capital firm’s portfolio? As many as 40 percent of those companies fail, according to a 2012 Harvard Business School study.
There are now 20 projects funded by DOE up and running.

(U.S. Department of Energy)


“These projects currently produce enough clean energy to power more than 1 million American homes (roughly the size of Chicago), have supported the manufacturing of more than 8 million fuel-efficient vehicles, and have avoided carbon pollution equivalent to taking more than 3 million cars off the road,” states the report, which notes that the program has created or saved 55,000 jobs.
The DOE has so far disbursed $21.7 billion and collected $3.5 billion in repayments and $810 million in interest. Losses have totaled $780 million.