The Wall Street Journal published an article on "groundbreaking/revolutionary green energy" failures. Ace's Place has some lowlights.
The good news? Some of their investment money came from US businesses--thus highlighting the Stupid Class who made those dumbass decisions. They can and should be fired for Gross Dumbassery.
The bad news? Much of the rest came from the US taxpayer. Government figures guilty of Gross Dumbassery move on, spending more tax money on other failures; then they retire on taxpayer-paid pensions. What a deal!
...A company backed by United Airlines that raised hundreds of millions of dollars to turn trash into jet fuel appears to have shut down. Another, backed by Airbus, JetBlue and GE Aerospace, that was working on using hydrogen to power planes went bust. Chevron, BP and Shell, meanwhile, are scaling back projects to make biofuels from cooking fats, oils, greases and plant material....
Meantime, Plug Power, LanzaJet, and Gevo, producers of "green hydrogen", cannot sell said "green" goo unless ...........YOU.............the taxpayer, provide a subsidy.
Throckmorton of AOSHQ summarizes:
...For those of us who champion actual free enterprise, these government-subsidized “clean energy” companies are an abomination. Their failure is necessary, not only to save us from the anti-carbon Net Zero agenda, but also to save free-market capitalism....
One thing that Throckmorton forgets: his children and grand-children will be paying off those failures for eternity. That's the real price of those failures, and it's not a "good".
No comments:
Post a Comment