Watch Now: Climate Depot’s Morano on Fox News debates about bankrupt battery maker A123 & green stimulus: ‘The Obama Admin tried to become a venture capitalist & create a market where none exists’
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Watch Now: Climate Depot’s Morano on U.S. energy policy: ‘Energy that works is suppressed. Energy that doesn’t is subsidized & funded’
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Watch Now: Climate Depot’s Morano on Fox News on fed tax dollars to electric cars: ‘The old adage about ‘Who killed the electric car?’ — while I think Energy Sec. Chu killed the electric car’
Climate Depot’s Morano on Fox News on October 12, 2012 to discuss electric cars and Tesla.
Watch here.
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The DOE Restructured Its Loan to Tesla: ‘Imagine that. Weeks to go before the election and the Department of Energy has restructured its $465 million loan to the electric-car company to make sure it didn’t run out of cash. The New York Times reports: (Emphasis mine)
As it ramps up sales of its sleek electric sedan, Tesla doesn’t appear to be much of a loser right now. But a closer look at company’s cash flows suggests it is hardly out of the woods…The federal government eased terms of its $465 million loan to Tesla to ensure the company didn’t breach key financial hurdles. The company then raised $193 million in a secondary stock offering, easing cash concerns… Tesla’s CEO has said he raised the $193 million “simply for risk reduction.” Yeah. It’s called the risk to Obama of Tesla running out of cash right before the election.’
Taxpayers Subsidize Forbes ‘Green’ Billionaires’ Schemes: Musk, best known as co-founder of the company that became PayPal, is Chairman of SolarCity and CEO of Tesla. According to the Center for Responsive Politics, SolarCity spent $535,000 in 2009 and 2010 to lobby Congress and the Department of Energy on climate legislation, the Recovery Act, “green workforce training and development,” and provisions in various legislation “relevant to solar development.”… So far, according to DOE reports, SolarCity has received more than $66 million from that program. The company also won a partial guarantee from DOE of a $344 million loan that will place up to 160,000 rooftop solar installations on military housing across the country. Similarly, Musk’s Tesla Motors spent $480,000 from 2007 to 2011 to lobby Congress, the White House, EPA and DOE on climate and energy issues, the Advanced Technology Vehicles Manufacturing loan program, the Promoting Electric Vehicles Act, and the Recovery Act. Tesla receiveda $465 million loan guarantee from DOE’s ATVM program. Musk is also a generous political donor, mostly to Democrats, although his investments and giving are equally diverse.
Tesla Motors warns it will miss sales expectations
Climate Depot’s report: Electric/Hybrid car industry loses power in the face of market reality and lack of consumer demand — Washington Post on Chevy Volt: ‘The basic theory— if you build them, customers will come …
Watch Sunday 9pm ET: Fox News Special Report: Obama’s Green Agenda
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Watch Now: Warmist Rapper Baba Brinkman Takes Down Romney On Climate Change
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Watch Now: Climate Depot’s Morano on Fox News on another Solyndra — ‘SoloPower’ set to get $197 million fed loan guarantee: ‘The more the plans fail the more the planners plan’
Morano: The fed govt had pumped in $40 billion in a few short years to renewables. You can create the illusion of prosperity…Yet we are producing barely over 1/10 of 1% of our energy from solar’ — More on SoloPower here.
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Watch Now: Gore’s ‘Dirty Weather’ Warning To Fight A More ‘Just Planet’: Gore: ‘We face a global crisis of unprecedented proportions’
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Watch Now: Climate Depot’s Morano on Fox News on Fed stimulus bill money improperly used to buy Chinese solar panels for federal building
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Video/Transcript: Anthony Watts on PBS — Climate Change Skeptic Says Global Warming Crowd Oversells Its Message
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Warmist video: ‘What If A TV Weather Forecaster Told The Truth’ — ‘What if your local weatherwoman went mad sane & told it like it is?’
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