How Obama’s green energy policies are bad for the poor
October 1, 2012 | 3:18 pm
     
Philip Klein
Senior Editorial Writer
The Washington Examiner

President Obama has made so-called “green energy” policies a key part of his economic agenda, but as a new book argues, they actually disproportionately hurt the poor by boosting the cost of energy.

Last week, Examiner columnist and Manhattan Institute fellow Diana Furchtgott-Roth, author of the new book “Regulating to Disaster: How Green Jobs Policies Are Damaging America’s Economy,” explained that:

    Most people think green is good but pay little attention to associated increases in costs. In 2015, it will cost between $49 and $79 to generate one megawatt hour of electricity from natural gas. A megawatt hour from onshore wind will cost between $75 and $138, and from solar photovoltaic will cost between $242 and $455.

As her book demonstrates in this chart, rising costs of energy hit lower income Americans the hardest, because they spend a higher proportion of their incomes on energy:              http://washingtonexaminer.com/.....2509505#.UGoFDFHdshx

The complete list of faltering or bankrupt green-energy companies:   http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/

    Evergreen Solar ($24 million)*
    SpectraWatt ($500,000)*
    Solyndra ($535 million)*
    Beacon Power ($69 million)*
    AES’s subsidiary Eastern Energy ($17.1 million)
    Nevada Geothermal ($98.5 million)
    SunPower ($1.5 billion)
    First Solar ($1.46 billion)
    Babcock and Brown ($178 million)
    EnerDel’s subsidiary Ener1 ($118.5 million)*
    Amonix ($5.9 million)
    National Renewable Energy Lab ($200 million)
    Fisker Automotive ($528 million)
    Abound Solar ($374 million)*
    A123 Systems ($279 million)*
    Willard and Kelsey Solar Group ($6 million)
    Johnson Controls ($299 million)
    Schneider Electric ($86 million)
    Brightsource ($1.6 billion)
    ECOtality ($126.2 million)
    Raser Technologies ($33 million)*
    Energy Conversion Devices ($13.3 million)*
    Mountain Plaza, Inc. ($2 million)*
    Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
    Range Fuels ($80 million)*
    Thompson River Power ($6.4 million)*
    Stirling Energy Systems ($7 million)*
    LSP Energy ($2.1 billion)*
    UniSolar ($100 million)*
    Azure Dynamics ($120 million)*
    GreenVolts ($500,000)
    Vestas ($50 million)
    LG Chem’s subsidiary Chemical Power ($150 million)
    Nordic Windpower ($16 million)*
    Navistar ($10 million)
    Satcon ($3 million)
*Denotes companies that have filed for bankruptcy.