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Progressives’ 'Green Energy' Boondoggle Based on Fantasy and Greed


Geee

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Front Page Magazine

Last Thursday Joe Biden posed for a photo op with representatives from automobile manufacturers. They gathered there to mark the Biden administration’s plan to raise the miles-per-gallon standard that gasoline powered vehicles must achieve––52 MPG by 2026. The compensation for automakers will comprise more regulatory credits for carmakers and subsidies for electric vehicle (EV) consumers, which will lead to higher prices for trucks and SUVs to offset their losses on EVs. This means consumers of those popular vehicles will be subsidizing EV drivers. And more taxpayer money will go to increasing available electricity, providing more and faster charging stations, and improving battery capacity.

As the Wall Street Journal editorialized, “Behold Big Business colluding with Big Government to grab subsidies and raise consumer prices,” a form of “corporate socialism, or state capitalism.” This unholy alliance calls to mind the “military-industrial complex” Dwight Eisenhower warned about in 1961, a warning still pertinent today.

At least during the Cold War a nuclear-armed Soviet Union posed an existential threat that justified cooperation between politics and the armaments industries. Today, the purveyors of anthropogenic, catastrophic global warming (ACGW) ––the more accurate label masked by the euphemism “climate change”–– are using a dubious theory riddled with uncertainty to justify such crony capitalist policies. The challenges to ACGW in the last few decades have exposed those uncertainties and the dubious “science” proponents claim to be “settled,” and so can justify spending trillions  of taxpayer dollars,:snip:

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Bill Gates commits $1.5 billion to infrastructure bill climate projects

Bill Gates said he will commit $1.5 billion over three years to climate change projects with the government that are included in the $1.2 trillion infrastructure bill.

 

The infrastructure bill, which has been passed by the Senate but not the House, includes $25 billion in Department of Energy funding for public-private partnership demonstration projects, The Wall Street Journal reported. The $25 billion is part of over $100 billion set aside for addressing climate change.

In an interview with the Journal, Gates said that the $1.5 billion he is pledging would come from his Breakthrough Energy climate investment fund.

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Just now, Geee said:

the $1.5 billion he is pledging would come from his Breakthrough Energy climate investment fund.

 

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Ed Markey, Green New Deal cosponsors vote to ban own plan to overhaul U.S. energy sector, economy

Massachusetts Democratic Sen. Ed Markey and other cosponsors of the Green New Deal voted this week to prohibit adoption of their own plan — while criticizing Senate Republicans for proposing a "sham" amendment to the budget reconciliation bill.

Republican Sen. John Barrasso of Wyoming proposed an amendment to the Democrats' $3.5 trillion reconciliation package to "prohibit enactment of the Green New Deal." The measure passed 99-0, with yes votes from every U.S. senator present.

Despite voting in favor of the amendment, Democratic senators said their $3.5 trillion reconciliation legislation will make the "largest investment in climate action in history."

"The Green New Deal is not about protecting the environment, it's about making big government even bigger," Barrasso said on the Senate floor.:snip:

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