With Spain’s lavish support for renewable energy projects drying out, companies that relied on these government handouts to make a buck are either leaving the country in search of new misguided benefactors or risking going bust. According to Bloomberg: Spanish renewable-energy companies that once got Europe’s biggest subsidies are deserting …
A congressional hearing on May 16 exposed further details on just the kind of political maneuvering that was going on between the Obama Administration and beneficiaries of Department of Energy (DOE) loan guarantees. Emails revealed during the hearing are the tip of the iceberg in a corrupt federal funding process …
During a speech this week, President Obama presented Congress with a 5-point to-do list, which, as the President proudly proclaimed, would fit on a sticky note. When it comes to unleashing the economy and creating jobs, his suggestions are only worthy of a sticky note. It is particularly telling of …
The Medicare trustees report, released this week, reinforced the urgent need to reform the federal health insurance program for seniors. Medicare is on an unsustainable path, and sticking with the status quo guarantees a Medicare crisis in the not-so-distant future. As The Heritage Foundation’s Bob Moffit and Rea Hederman explain, …
After budget-stricken Spain eliminated subsidies for new renewable energy this year, Germany is now following the example by making significant cuts to its solar subsidy program. Bloomberg reports: Incentives for solar units pushed capacity past government targets, prompting Merkel to cut subsidies even as she seeks to wean Germany off …
The Environmental Protection Agency (EPA) released a new rule to regulate CO2 emissions from power plants, which would effectively ban new coal power plants, as its emissions standards are too low to be met by conventional coal-fired facilities. This stands in stark contrast with the President’s supposed “all of the …
When it comes to finding alternate pathways to force their green agenda onto Americans, President Obama and his Administration know how to dream up creative solutions. In this latest installment, Energy Secretary Steven Chu is directing Power Marketing Administrations (PMAs) to invest in a smart electrical grid that also serves …
The Obama Administration voiced its support Monday regarding TransCanada Corporation’s plans to construct the interstate portion of the Keystone XL pipeline that does not require presidential approval. Remember that President Obama rejected TransCanada’s permit application to construct a 1,700-mile pipeline from Alberta, Canada, to Texas refineries just this January. Has …
Democrats are urging President Obama to tap the Strategic Petroleum Reserve (SPR) to avert “potential danger to the economy” and improve “the [P]resident’s reelection chances,” Politico reports. Tapping the SPR, which exists for moments of national crisis, would constitute playing politics with a national security asset in addition to being …
