Wed, 2014-11-19 17:45Mike Gaworecki
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Renewable Energy Loan Program That Funded Solyndra Is Paying Off

Despite the high-profile bankruptcy of solar panel maker Solyndra, the Department of Energy's renewable energy loan program is officially in the black as of September and now expects to earn as much as $5 to $6 billion.

According to a report released last week by the Energy Department's Loan Program Office, some $810 million in interest has already been collected on the $21.71 billion the program has loaned out so far. Solyndra and three other companies that failed after receiving funds from the program, meanwhile, accounted for $780 million in losses.

The $5-6B in projected earnings is calculated based on average rates and expected returns over the next 20 to 25 years. Michael Morosi, an analyst with Jetstream Capital, told Bloomberg Businessweek that that return is better than many venture capital and private equity investors, many of whom got burned by Solyndra along with the federal government, will see from their investments in renewable energy. “A positive return over 20 years in cleantech?” Morosi says. “That's not a bad outcome.”

According to the LPO report, 20 projects that received funds from the program are already in operation, generating revenue, and have begun paying back their loans (some $3.5 billion in loan principle has been recouped so far). Tesla Motors is perhaps the biggest success of the program so far, and it paid back its loan of $465 million last year—9 years early.

Wed, 2014-11-19 13:16Kevin Grandia
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Debunked Conspiracy Climategate Five Years Later

I am a little reluctant to remind everyone about the so-called “Climategate” incident that was sparked this day five years ago.

Many people, in the end, were embarrassed by this major attack on climate change scientists when it turned out to be nothing more than manufactured media hype. Nine independent inquiries by multiple agencies all arrived at the same conclusion that the Climategate conspiracy was nonsense

Interestingly enough, the only inquiry that was never concluded was the failed criminal investigation by the UK police into who hacked and stole the private documents.

The fact is that a small number of words (three to be exact) found in over 20,000 pages of stolen documents were taken out of context and spun for the media. All to fit the conspiracy theories of a small band of climate deniers who will never be convinced that climate change is happening and that burning fossil fuels like coal and oil is predominantly to blame.

Wed, 2014-11-19 10:00Mike Gaworecki
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Regulators Are Failing To Protect Californians From Oil And Gas Development

Two new reports show that California regulators are failing to enforce basic measures to protect the public—particularly in the most vulnerable communities—from the impacts of oil and gas development.

The FracTracker Alliance has a new report showing that there are 352,724 children in California who attend a school within one mile of an oil and gas well, including at least 217 wells using fracking, acidizing, and gravel packing as a stimulation technique.

State law and corresponding regulations do not place any limit on where the oil and gas industry is allowed to drill, nor do they require that notice be given to parents, teachers, or school officials when fracking or other high intensity oil extraction methods will be used in close proximity to schools, despite the growing number of scientific studies that have identified public health threats from oil and gas development, especially fracking.

State law and regulations are similarly lax in regards to the other end of the oil and gas development cycle, according to Clean Water Action, which has just released a report detailing the threat to California's air and water from the open, unlined pits used to store much of the oil industry's toxic wastewater.

California produced 8 billion gallons of oil and 130 billion gallons of wastewater in 2013—15 barrels of wastewater for every barrel of oil, the CWA report says. There has been no comprehensive analysis of the locations of these pits in relation to high quality groundwater sources, and many of the pits are being operated without any permit whatsoever.

Wed, 2014-11-19 08:30Kyla Mandel
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NASA Shows How Carbon Emissions Travel Around The World

NASA scientists have brought to life the invisible carbon emissions floating around the atmosphere in a vivid, swirling simulation.

The “Year in The Life of Earth’s CO2” computer model is the first to show in such fine detail how carbon dioxide in the atmosphere moves across the globe.

The new model clearly shows that carbon is not distributed uniformly across the globe. Wind carries away the long streams of emissions spewing out of North America, Europe and Asia, with much of it winding up above the Arctic.

Wed, 2014-11-19 08:00Emma Gilchrist and Carol Linnitt
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Industry-Funded Vivian Krause Uses Classic Dirty PR Tactics to Distract from Canada's Real Energy Debate

Vivian Krause

Vivian Krause has spent years scrutinizing how Canadian environmental groups are funded, claiming she's just asking “fair questions.”

But as the blogger-turned-newspaper-columnist has run rampant with her conspiracy theory that American charitable foundations' support of Canadian environmental groups is nefarious, she has continually avoided seeking a fair answer.

If Krause were seeking a fair answer, she'd quickly learn that both investment dollars and philanthropic dollars cross borders all the time. There isn’t anything special or surprising about environmental groups receiving funding from U.S. foundations that share their goals — especially when the increasingly global nature of environmental challenges, particularly climate change, is taken into consideration.

Despite this common-sense answer, Krause’s strategy has effectively diverted attention away from genuine debate of environmental issues, while simultaneously undermining the important role environmental groups play in Canadian society.

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