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America’s Flagship ‘Clean Coal’ Experiment Abandoned After 11 Years And $7.5 Billion

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posted on Jul, 4 2017 @ 01:41 AM
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originally posted by: rnaa

I don't consider one cent of that money wasted, even if not all investments paid off. That was the expectation going in, even to the point that the profit that the scheme made was an extremely pleasant surprise.



What were these? Let the free market do it...when there is profit to be made we do not need Government involvement...


List: 36 Of Obama’s Taxpayer-Funded Green Energy Failures


Failures




posted on Jul, 4 2017 @ 01:57 AM
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a reply to: Xtrozero



What were these?


After Solyndra Loss, U.S. Energy Loan Program Turning A Profit


Overall, the agency has loaned $34.2 billion to a variety of businesses, under a program designed to speed up development of clean-energy technology. Companies have defaulted on $780 million of that — a loss rate of 2.28 percent. The agency also has collected $810 million in interest payments, putting the program $30 million in the black.

When Congress created the loan program under the Energy Policy Act of 2005, it was never designed to be a moneymaker. In fact, Congress imagined there would be losses and set aside $10 billion to cover them.

There was an FBI raid on Solyndra's headquarters and an investigation but, so far, no prosecutions. Now that the loan program is turning a profit, those critics are silent...




Let the free market do it...when there is profit to be made we do not need Government involvement...



"It literally kick-started the whole utility-scale photovoltaic industry," Moniz says. The program funded the first of five huge solar projects in the West. Moniz says before that, developers couldn't get money from private lenders. But now, with proven business models, they can.



edit on 4/7/2017 by rnaa because: I hit post too soon and had to add in the rest of the content.



posted on Jul, 4 2017 @ 02:09 AM
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originally posted by: Gadzilla
a reply to: rnaa

Since we know C02 is not making the temperature go up, whats the problem with coal?


Since we know no such thing, and in fact we know exactly the opposite, the answer is a lot in the short term, everything in the medium term, and if nothing is done about it the long term is irrelevant.



(yep... some call me Debbie Downer, but then sometimes you just gotta laugh
)



edit on 4/7/2017 by rnaa because: (no reason given)

edit on 4/7/2017 by rnaa because: (no reason given)



posted on Jul, 4 2017 @ 10:56 AM
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originally posted by: Gadzilla
a reply to: rnaa

Since we know C02 is not making the temperature go up, whats the problem with coal?


Where is your proof of that sir?



posted on Jul, 4 2017 @ 01:58 PM
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a reply to: kelbtalfenek

You don't know that for certain. Google and d wave are working on quantum computers and who is too say then American government doesn't already have these technologies in use. Top secret satellites are sent up all the time.



posted on Jul, 4 2017 @ 04:45 PM
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a reply to: OccamsRazor04




So is your argument because the coal could not efficiently be turned into gas that all cleaner coal technology must fail? Really?


Coal is dying.. get over it...



posted on Jul, 4 2017 @ 05:03 PM
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originally posted by: purplemer
a reply to: OccamsRazor04




So is your argument because the coal could not efficiently be turned into gas that all cleaner coal technology must fail? Really?


Coal is dying.. get over it...
No it's not. Trump is undoing the clean air regs Obama put in place. There is no longer going to be any reason to close the coal plants. Low electricity rates will continue to be a priority for America. Benefits the economy when you compete in a global market don't right?



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