Sunday, March 20, 2011

Undercutting the Future on Renewable Energy

Same ole same ole, the forces that squashed the emerging renewable's these past couple of decades are still at work, only now they have billions in private funds that instead of investing and moving country and economy forward, we used to lead in that, they choose to hold onto what exists and they can manipulate for even bigger bottom lines instantly instead of growth across the board from a healthy economy and steady bottom line returns!

Republican plan to end federal program would hurt Nevada and the nation

March 7, 2011 - Developers are planning to build a 110-megawatt solar power plant north of Tonopah. The Crescent Dunes Solar Energy Project would be unique, using U.S.-made molten-salt technology to store energy that would allow it to provide electricity throughout the day.

The plant would be a boon to Nevada, creating 600 jobs on-site, and it would be a great source of renewable energy.

The Obama administration pledged to give plant developer SolarReserve loan guarantees this year to get the project off the ground. But, as Karoun Demirjian reported in Thursday’s Las Vegas Sun, the project may not get the guarantees because House Republicans recently voted to ax the loan guarantee program.


Republicans don’t like it because it involves renewable energy, which they apparently find detestable, and because the program was born out of the stimulus bill, which they pledged to kill.

Once again Republicans have let their blind ideology trump what’s good for the nation.

America needs to be developing renewable energy sources as part of its plan to become energy independent. But the young renewable energy industry needs a kick start, and the federal government’s program is a good way to do that. {continued}

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