It is no secret that President Obama’s and green energy supporters’ (from both parties) foray into venture capitalism has not gone well. But the extent of its failure has been largely ignored by the press. Sure, single instances garner attention as they happen, but they ignore past failures in order …
Another green-energy-related company built on government subsidies is having trouble keeping its head above water. This time, the scandal surrounds Compact Power, a subsidiary of LG Chem.* In 2010, the Obama Administration proudly gave Compact Power a $150 million grant to build a vehicle battery manufacturing facility in Michigan. These …
The call to eliminate federal subsidies to the Public Broadcasting Service (PBS), such as Governor Mitt Romney’s recent statement, shouldn’t ruffle the famous fowl. After all, not only does PBS not need taxpayer support, but because it inevitably entangles Big Bird in politics, it does him more harm than good. …
DENVER — Members of The Heritage Foundation’s policy team joined experts from across the country at the Conservative Political Action Conference in Colorado. The event included a surprise visit from former Governor Mitt Romney and speeches by Senators Orrin Hatch (R-UT), Marco Rubio (R-FL) and John Thune (R-SD). Heritage experts …
DENVER — Conservatives and progressives duked it out over policy Wednesday morning ahead of the first presidential debate of 2012 at the University of Denver. The Heritage Foundation and The Independence Institute hosted a wide-ranging pre-presidential policy debate in Denver, featuring policy experts and commentators from both sides of the …
The market demand for all-electric cars envisioned by Toyota Motor Corporation has not materialized according to the company, forcing it to shed a projected battery-powered minicar line. The company is taking a different tack than its counterparts at General Motors or Nissan, planning to offer only 100 eQ all-electric vehicles …
The Obama Administration recently filed a case with the World Trade Organization, alleging that China provided at least $1 billion in subsidies to Chinese carmakers from 2009 to 2011. On the same day, The Wall Street Journal reported that if the government sold its 26.5 percent stake in General Motors, …
This Friday, the House of Representatives will vote on the No More Solyndras Act, which would prohibit any new loan guarantees from Title XVII of the Energy Policy Act of 2005. For applications that are already under consideration or have received conditional commitment, the bill would require the Secretary of …
General Motors is halting production of the poorly selling Chevy Volt to accommodate a redesigned Chevy Impala. The impending four-week shutdown of the electric car represents yet another setback following news of disappointing sales for the second year in a row: General Motors Co. (GM), the largest U.S. automaker, is …
Reading President Obama’s latest Executive Order (EO) on industrial energy efficiency, one would think American companies were not interested in saving money and gaining a competitive advantage: While our manufacturing facilities have made progress in becoming more energy efficient over the past several decades, there is an opportunity to accelerate …
