Solyndra

Another green energy company about to collapse?

Green energy companies around the world are dogs, mostly they require the industry they are in or themselves to be heavily subsidised by the government.

In the US there have been spectacular failures like Solyndra, which had the backing of President Obama.

Here in New Zealand another green energy company is failing, and this one had, or still has former Green co-leader Jeanette Fitzsimons as a shareholder…which in and of itself is interesting because she was front and centre in axing a water project int eh South Island and pushed instead wind technology…which she held shares in.

The auditor of New Zealand’s only turbine maker Windflow Technology says it has not received enough information from the company to form a view on whether it is a going concern.

Auditors from accountancy firm KPMG said in Windflow’s annual report 2014 that there were “multiple uncertainties” for the Christchurch company in the future.

And there was a limit to obtaining audit evidence about the outcome of future events.

But as far as it appeared from the examination of Windflow’s records, proper accounting records had been kept, KPMG said

Windflow’s directors continue to prepare accounts on a going concern basis but acknowledge “a significant element of uncertainty” over the company’s future in the annual report.   Read more »

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

Fracking winning, green energy failing

Hippes can suffer. The evidence is mounting of the great success of fracking and the astonishing failure of hippie power projects:

Enter the Apollo Alliance, which is a project of the George Soros-funded Tides Foundation. Apollo forged a new labor/environmentalist that would both limit fossil fuel use and spend billions promoting green energy.

Since renamed the BlueGreen Alliance, the group launched with a report calling for $500 billion in spending to create a “New Apollo Program” for the U.S. economy. It included federal subsidies for green car companies and solar firms, cash to make existing buildings energy-efficient, new power line construction and billions for new mass transit systems.

The New Apollo Program called for a cap-and-trade plan designed to drive energy producers away from fossil fuels and toward renewable energy like solar, wind and biomass. Apollo promised these new initiatives would create 5 million new jobs.

The Obama campaign fully embraced the Apollo vision, producing its own New Energy for America document that largely mirrored the Apollo report. The only real difference was that Obama’s plan created 5 million new green economy jobs for just $150 billion.  Read more »

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

Have public servants become like the medieval clergy?

Certainly in some places around the world, public servants have become like medieval clergy, rapaciously enjoying benefits paid for off of the back of the serfs:

A medieval society can be defined in a variety of ways. In terms of class, there is more a pyramidal culture. A vast peasantry sits below an elite of clergy and lords above — but with little or no independent middle class in-between.

I think California is getting there quickly — with the U.S. soon to follow.

For our version of the clergy, think public employees, whose salary and benefits are anywhere from 30-40% higher than their counterparts in the private sector. In California, the security guard in the symphony parking lot makes minimum wage and has no pension, even as he faces as much danger as his counterpart in the state police. And like medieval churchmen, our public-employee clergy positions are often nepotic. Families focus on getting the next generation a coveted spot at the DMV, the county assessor’s office, or the local high school. Like the vast tax-free estate of the clergy that both nearly broke feudalism and yet was beyond reproach, so too California’s half-trillion-dollar unfunded pensions and bond liabilities are considered sacrosanct. To question the pay or the performance of a California teacher or prison guard is to win the same scorn that was once earned from ridiculing the local friar. If suggesting that the man of god who was too rotund as a result of living freely on his tax-exempt church land was worthy of stoning, then so too suggesting that our teachers or highway-patrol officers are paid incommensurately with the quality of students in our schools or the safety on our roads is likewise politically incorrect right-wing heresyRead more »

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.

Wasting money on green sh*t

Russel Norman and the rest of the Green taliban constantly bang on about “green jobs” and “green tech and other such weasel descriptors. What they really are is way to waste money on green shit:

You should know Fisker because you have helped to finance the Anaheim, Calif., company that makes — well, has made a few — electric cars. Its only model, the Karma — really; Obama administration green investments are beyond satire — costs $110,000. Your subsidy helped Justin Bieber, the fabulously rich Canadian teenager (he sings), buy one. No one ever said saving the planet one electric car at a time would be easy.

The Wall Street Journal reports that despite Fisker’s $192 million in Energy Department loans, the Karma “has been hobbled by recalls and quality problems” and the company has sacked half its employees. But perhaps Fisker’s biggest problem is that its source of batteries, A123 Systems, has gone bankrupt in spite of its $249 million Energy Department grant. The administration that in the fiscal cliff drama is demanding control of much more of the nation’s wealth is the author of many Solyndra-style debacles.

As much at home writing editorials as being the subject of them, Cam has won awards, including the Canon Media Award for his work on the Len Brown/Bevan Chuang story. When he’s not creating the news, he tends to be in it, with protagonists using the courts, media and social media to deliver financial as well as death threats.

They say that news is something that someone, somewhere, wants kept quiet. Cam Slater doesn’t do quiet and, as a result, he is a polarising, controversial but highly effective journalist who takes no prisoners.

He is fearless in his pursuit of a story.

Love him or loathe him, you can’t ignore him.

To read Cam’s previous articles click on his name in blue.