Showing posts with label DOE. Show all posts
Showing posts with label DOE. Show all posts

Wednesday, August 21, 2013

DOE EXPANDS SCHOOL MENTAL HEALTH SERVICES

APPARENTLY WE CANNOT TAKE CARE OF OUR OWN KIDS!! GET WASHINGTON OUT OF CLASSROOMS!!

The Department of Education (DOE) announced Friday that it is awarding $12.3 million to 35 school districts in 17 states to expand mental health services to elementary school students.

CNS News reported the DOE news release regarding the grants:
Research shows that having adequate counseling services can help reduce the number of disciplinary referrals in schools, improve student attendance and academic performance, and enhance development of social skills.
Funds also may be used to support parental involvement, counselor and teacher professional development, and collaboration with community-based organizations that provide mental-health and other services to students.
Education Secretary Arne Duncan said, “These grants will enhance school-based counseling programs, which have proven to be a great source of help for students with mental-health issues.”
California is home to 11 of the school districts that will receive grant funds. Two of the school districts are in Connecticut where the Sandy Hook shootings took place. The full list of school districts receiving the grants is located at the DOE website.
CNS News reported that the grants announced on Friday were already anticipated prior to the Sandy Hook shootings. Following the tragedy, however, Obama reportedly called for additional support for mental health services in schools.
In January, President Obama issued 23 gun violence executive orders. Accompanying hisgun control plan were other proposals, among them a plan for a Comprehensive School Safety program which would provide $150 million to school districts and law enforcement agencies to hire up to 1,000 school resource officers, school psychologists, social workers, and counselors. 

Friday, July 26, 2013

LANDMARK FEDERAL STUDY: NO INDICATION FRACKING CONTAMINATES DRINKING WATER

PITTSBURGH (TheBlaze/AP) — A landmark federal study on hydraulic fracturing, frequently referred to as fracking, shows no evidence that chemicals from the natural gas drilling process moved up to contaminate drinking water aquifers at a western Pennsylvania drilling site, the Department of Energy told The Associated Press.
After a year of monitoring, the researchers found that the chemical-laced fluids used to free gas trapped deep below the surface stayed thousands of feet below the shallower areas that supply drinking water, geologist Richard Hammack said.
Although the results are preliminary – the study is still ongoing – they are a boost to a natural gas industry that has fought complaints from environmental groups and property owners who call fracking dangerous.
Drilling fluids tagged with unique markers were injected more than 8,000 feet below the surface, but were not detected in a monitoring zone 3,000 feet higher. That means the potentially dangerous substances stayed about a mile away from drinking water supplies.
“This is good news,” said Duke University scientist Rob Jackson, who was not involved with the study. He called it a “useful and important approach” to monitoring fracking, but cautioned that the single study doesn’t prove that fracking can’t pollute, since geology and industry practices vary widely in Pennsylvania and across the nation.
The boom in gas drilling has led to tens of thousands of new wells being drilled in recent years, many in the Marcellus Shale formation that lies under parts of Pennsylvania, New York, Ohio and West Virginia. That’s led to major economic benefits but also fears that the chemicals used in the drilling process could spread to water supplies.

Saturday, November 17, 2012

Two More Stimulus-Backed Solar Companies Announce Layoffs


A pair of foreign-owned solar companies that benefited from a combined $84 million in Energy Department tax credits have announced they will lay off employees.
One of the companies, German-owned SolarWorld, was integral in the fight for tariffs against the importation of Chinese photovoltaic solar panels. The other, Chinese company SunTech, blamed those tariffs for its own layoffs.
Both companies benefited from the Energy Department’s stimulus-funded Advanced Energy Manufacturing (48C) Tax Credit. The 48C credit is worth up to 30% of the cost of manufacturing qualifying green energy projects.
Both companies announced this week that they will shed some employees. SolarWorld, which announced a 47% revenue decline in the third quarter, blamed a potential 37 layoffs at its Oregon plant on “illegal” Chinese trade practices.
SunTech said the U.S. International Trade Commission’s 35.95% tariff on Chinese solar panels was partially responsible for the 50 impending layoffs at its Arizona production facilities.
While heavy Chinese subsidies do reduce the cost of solar panels from that country, Heritage’s Derek Scissors warned against replicating those policies in testimonybefore the Senate Energy and Natural Resources Committee in June.
“The U.S. boasts a far better energy and environmental record than China,” Scissors explained, “and moving in China’s direction would be very risky.”
SunTech and SolarWorld are the latest additions to a long list of taxpayer-backed green energy companies that have gone bankrupt, laid off workers, or otherwise hit dire financial straits.

Wednesday, October 24, 2012

BANKRUPT A 123 SYSTEMS WANTS TO PAY BONUSES TO TOP EXECS


Dow Jones Daily Bankruptcy Review reported that A 123 Systems, the bankrupt recipient of Obama’s department of energy loan, now wants to pay top executives more than four million dollars.

“A123 Systems Inc., the electric car battery maker that filed for Chapter 11 last week after receiving nearly $250 million in government grants, wants to pay more than $4 million in bonuses to a handful of top executives.
The company is asking Judge Kevin Carey of the U.S. Bankruptcy Court in Wilmington, Del., to sign off on incentive bonuses totaling up to $4.1 million for nine key employees, including several company insiders---namely, corporate officers and directors---pending the sale of its assets at a bankruptcy auction.”
Well done, Mr. Obama. We will use some of the $132 million given to A 123 Systems to reward their top executives, who could never deliver an affordable lithium ion battery!  
But hold on. Was it not Mr. Obama who attacked the bonuses for executives at banks that received bailouts in 2008?  Of course Mr. Obama opined on the matter of these executives being given bonuses. The New York Times on January 29, 2009 quoted Obama as saying:
“There will be time for them to make profits, and there will be time for them to get bonuses,” Mr. Obama said during an appearance in the Oval Office with Treasury Secretary Timothy F. Geithner.  Now’s not that time. And that’s a message that I intend to send directly to them, I expect Secretary Geithner to send to them.”

Sunday, October 21, 2012

THE BIG FAIL: “This Is A Symbol Of Where America Is Going”


Taxpayers Are Paying Millions For Workers At An Electric Car Battery Factory That Has Yet To Produce A Single Battery


WORKERS AT A BATTERY MAKER THAT RECEIVED $151 MILLION FROM THE STIMULUS SPEND THEIR DAYS PLAYING BOARD GAMES AND WATCHING MOVIES



Workers At Stimulus Funded Battery Plant “Have So Little Work To Do That They Spend Hours Playing Cards And Board Games, Reading Magazines Or Watching Movies.” “Workers at LG Chem, a $300 million lithium-ion battery plant heavily funded by taxpayers, tell Target 8 that they have so little work to do that they spend hours playing cards and board games, reading magazines or watching movies. They say it’s been going on for months.” (Ken Kolker, “Volt No Jolt: LG Chem Employees Idle,” WOOD-TV [Holland, MI], 10/18/12)
  • “‘There’s No Work, No Work At All. Zero Work,’ Another Current Employee Said. ‘It Is What It Is. What Do You Do When There’s No Work?’” (Ken Kolker, “Volt No Jolt: LG Chem Employees Idle,” WOOD-TV [Holland, MI], 10/18/12)
Taxpayers Have Spent $7 Million Paying The Idle Workers. “A Target 8 analysis of federal records shows taxpayers spent $7 million to train workers and have paid more than $700,000 for workers’ health and dental insurance.” (Ken Kolker, “Volt No Jolt: LG Chem Employees Idle,” WOOD-TV [Holland, MI], 10/18/12)
  • 40 Percent Of The $133 Million Spent By The Company So Far Has Gone To Foreign Companies. “The company has spent $133 million so far, most for construction and equipment, records show. About 40% has gone to foreign companies — mostly to Korea, a Target 8 analysis shows.” (Ken Kolker, “Volt No Jolt: LG Chem Employees Idle,” WOOD-TV [Holland, MI], 10/18/12)
  • $533,000 From The Stimulus Award Was Spent On The Groundbreaking Ceremony. “The company also spent more than $533,000 of that federal grant for the groundbreaking, records show.” (Ken Kolker, “Volt No Jolt: LG Chem Employees Idle,”WOOD-TV [Holland, MI], 10/18/12)
“[Workers] Say The Last Of The Materials Needed To Make Battery Cells, Including Chemicals, Was Shipped Back To Korea.” “They say the last of the materials needed to make battery cells, including chemicals, was shipped back to Korea. It’s not clear if that includes any of the $1.8 million in materials paid for with that federal Recovery Act money. Workers say they made test battery cells, starting late last year, perhaps 100,000 or more, and that they did a good job. They say they produced perhaps 4,000 a week. But, they say, that worked ended for the most part last December.” (Ken Kolker, “Volt No Jolt: LG Chem Employees Idle,” WOOD-TV [Holland, MI], 10/18/12)

Saturday, October 20, 2012

Top 10 Wasteful Government Programs


The Motley Fool, a financial publication with a sense of humor, recently compiled a list of the top 10 wasteful government-funded programs.
The first on the list was originally reported by The Daily Caller’s Paul Conner.
    1. There’s an app for that
    So many wasteful programs, I hardly know where to begin! How about with $100,000 in prizes offered by the Department of Energy to develop an energy app that would help users track their energy usage in their home. It’s a novel idea as our energy resources are finite and the DOE has pushed both consumers and businesses to utilize the available green energy subsidies available to them. However, there’s just one slight problem with the DOE contest: Apps that do this already exist — at least five of them to be exact. Perhaps someone should invest in an app that tracks apps for the DOE?
    2. Alms for the rich
    Just because you made $66 billion in net revenue doesn’t mean you won’t take a handout when one is offered… right PepsiCo. (NYSE: PEP ) ? According to Coburn’s report, Pepsi and Theo Muller Group are teaming up to open a yogurt manufacturing facility at the Genesee Valley Agri-Business Park in New York. Unable to use the supplied municipal water in the yogurt-making process, or the $4.2 billion in cash on its balance sheet, Pepsi gladly accepted slightly more than $1.3 million in funding from the U.S. Department of Agriculture and the Department of Commerce to build a new aquifer-direct water supply system, a new road leading to the plant, and to improve the parks’ wastewater capacity.
Via: Daily Caller

Continue Reading...

Friday, October 19, 2012

List: The 36 Obama-Funded Green Energy Failures…


The complete list of faltering or bankrupt green-energy companies:
  1. Evergreen Solar ($25 million)*
  2. SpectraWatt ($500,000)*
  3. Solyndra ($535 million)*
  4. Beacon Power ($43 million)*
  5. Nevada Geothermal ($98.5 million)
  6. SunPower ($1.2 billion)
  7. First Solar ($1.46 billion)
  8. Babcock and Brown ($178 million)
  9. EnerDel’s subsidiary Ener1 ($118.5 million)*
  10. Amonix ($5.9 million)
  11. Fisker Automotive ($529 million)
  12. Abound Solar ($400 million)*
  13. A123 Systems ($279 million)*
  14. Willard and Kelsey Solar Group ($700,981)*
  15. Johnson Controls ($299 million)
  16. Schneider Electric ($86 million)
  17. Brightsource ($1.6 billion)
  18. ECOtality ($126.2 million)
  19. Raser Technologies ($33 million)*
  20. Energy Conversion Devices ($13.3 million)*
  21. Mountain Plaza, Inc. ($2 million)*
  22. Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
  23. Range Fuels ($80 million)*
  24. Thompson River Power ($6.5 million)*
  25. Stirling Energy Systems ($7 million)*
  26. Azure Dynamics ($5.4 million)*
  27. GreenVolts ($500,000)
  28. Vestas ($50 million)
  29. LG Chem’s subsidiary Compact Power ($151 million)
  30. Nordic Windpower ($16 million)*
  31. Navistar ($39 million)
  32. Satcon ($3 million)*
  33. Konarka Technologies Inc. ($20 million)*
  34. Mascoma Corp. ($100 million)
*Denotes companies that have filed for bankruptcy.

Thursday, October 18, 2012

Another DOE-Backed Solar Company Goes Bankrupt


A solar company that got a multi-million-dollar grant from the Department of Energy earlier this year announced Wednesday that it will file for Chapter 11 bankruptcy protection, making it the second taxpayer-backed green energy company to file for bankruptcy this week.
Satcon Technology Corp. announced the decision in a Wednesday news release. “This has been a difficult time for Satcon,” president and CEO Steve Rhoades said. “After careful consideration of available alternatives, the Company’s Board of Directors determined that the Chapter 11 filings were a necessary and prudent step, allowing the Company to continue to operate while giving us the opportunity to reorganize with a stronger balance sheet and capital structure.”
Satcon received a $3 million DOE grant in January to develop “a compact, lightweight power conversion device that is capable of taking utility-scale solar power and outputting it directly into the electric utility grid at distribution voltage levels—eliminating the need for large transformers.”
“If successful,” noted DOE’s Advanced Research Projects Agency (ARPA-E) at the time, “Satcon would simplify the solar power conversion process and significantly reduce the cost of operating, installing, and siting a PV power system—helping to facilitate their widespread use.”
ARPA-E also stated that the grant “could create jobs for system installers, technicians, and salespeople.”

Tuesday, October 16, 2012

Electric Car Battery Maker A123 FIles for Bankrupcy


Electric Car Battery Maker A123 Systems Files for Bankruptcy
 
A123 Systems Inc. fell as much as 16 cents, or 70 percent, to 7 cents a share in over-the-counter trading as of 9:43 a.m. Photographer: Jeffrey Sauger/Bloomberg
 
The filing may fuel a debate over government financing of alternative-energy and transportation businesses. Federal grants and loans to companies including A123, Fisker Automotive Inc. and Tesla Motors Inc. (TSLA) have drawn scrutiny from congressional Republicans following the September 2011 bankruptcy filing of solar-panel maker Solyndra LLC two years after it received a $535 million loan guarantee from the U.S. Energy Department.

“This action is expected to allow the company to provide for an orderly sale,” A123 said in a press release. Johnson Controls plans to acquire A123’s automotive-business assets in a deal valued at $125 million and will provide financing of $72.5 million to support A123’s operations, according to the release. A deal to sell a majority stake to a Chinese company fell through, A123 said.

The Energy Debate Continues at www.bloomberg.com/sustainability
The company listed assets of $459.8 million and debt of $376 million as of Aug. 31 in Chapter 11 documents filed today in U.S. Bankruptcy Court in Wilmington, Delaware.
The Waltham, Massachusetts-based company said yesterday it expected to fail to make an interest payment due yesterday on $143.8 million of notes expiring in 2016.

Largest Shareholders

A123’s largest shareholder is Heights Capital Management Inc. of San Francisco, with 12.5 million shares, or a 7.3 percent stake, according to data compiled by Bloomberg. IHI Corp., based in Tokyo, has 8.45 million shares, or about 5 percent, and General Electric Co., based in Fairfield, Connecticut, holds 7.37 million shares, or about 4.3 percent.

The 30 largest consolidated creditors without collateral backing their claims are owed a total of more than $161 million, according to court papers. U.S. Bank NA, as trustee, is listed as the largest unsecured creditor with a claim of $142.8 million, according to court papers. Hudson Bay Capital Management LP has a claim of $2.8 million, Jabil Circuit Inc. has a claim of $1.7 million and Hydro Quebec has a claim of $1.5 million.

Via: Bloomberg

Continue Reading...

Saturday, October 6, 2012

Bankrupt DOE Loan Recipient Abound Solar Under Investigation, Panels Suffered “Catastrophic Failure”


Abound Solar, a Department of Energy $400 million loan guarantee recipient that went bankrupt earlier this year, is under investigation by officials in Weld County, Colorado.
The company, which received nearly $70 million in loan funding before payments were cut off by DOE in 2011, also received a $100,000 tax break from the Colorado county in 2010. The county decided not to extend that offer when the company failed to achieve prescribed benchmarks for the tax break.
The county is also seeking nearly $2 million in unpaid property taxes from 2011 and 2012.
Denver’s 7NEWS has confirmed the investigation:
Sources tell 7NEWS that the company’s finances are under scrutiny.
7NEWS obtained internal documents from 2012 that show orders for tens of thousands of replacement solar panels. The orders cite different reasons for the replacements including, “low performance,” “under performance” and “catastrophic failures.”
The orders are for replacements requested after the Department of Energy stopped stimulus money payments to Abound.
Rep. Cory Gardner, R-CO, has announced his intent to issue a letter to DOE “seeking records and information about what it knew while providing money to Abound.”
Gardner told 7NEWS that the document request would be comprehensive.
“We need to know, did the Department of Energy — did they close on the loan when they knew there were technical problems with the product?” Gardner told the station.
The revelation of an investigation into the shuttered solar manufacturer comes less than a week after The Daily Caller News Foundation cited sources that appear to corroborate the issue of faulty, underperforming, and even dangerous solar modules, one of which the outlet showed bursting into flames in a video released with their report:

Tuesday, October 2, 2012

Docs Suggest Gov-Subsidized Solar Company Was Selling Faulty Product


Seven months after calling themselves the “anti-Solyndra,” the Colorado-based solar panel manufacturer Abound Solar announced it was filing for chapter 7 bankruptcy liquidation, arguing that cheap Chinese solar panels flooding the market caused their demise.
“With over $30 billion in reported government subsidies, Chinese panel makers were able to sell below cost and put Abound out of business before we were big enough to pose a real competitive threat to China’s rapidly growing market share,” according to the prepared congressional testimony by Craig Witsoe, former CEO of Abound.
Abound Solar was given a $400 million loan guarantee by the Energy Department, and drew on about $70 million dollars of the guarantee before DOE cut them off in September 2011 — the same month the Solyndra scandal began.
After the massive failure of the solar panel manufacturer Solyndra, Energy Department loan guarantees came under increased media and congressional scrutiny. Other loan recipients felt the public pressure as well.
Internal documentation and testimony from sources within Abound show that the company was selling a faulty, underperforming product, and may have mislead lenders at one point in order to keep itself afloat.
“Our solar modules worked as long as you didn’t put them in the sun,” an internal source told The Daily Caller News Foundation.
The company knew its panels were faulty prior to obtaining taxpayer dollars, according to sources, but kept pushing product out the door in order to meet Department of Energy goals required for their $400 million loan guarantee.
“The DOE hurt us more than anything,” another source told The DC News Foundation, speaking of DOE production and revenue metrics.
The faulty solar panels would routinely burn up and virtually all of the panels Abound manufactured underperformed, meaning they did not put out the promised amount of power. Sources say that Abound panels would only put out between 80 and 85 percent of the promised wattage.
These problems led to tens of thousands of panels having to be replaced, especially towards the end of the company’s life.
Burning up and underperforming
In October of 2010, the company discovered that their panels were catching fire. One source said that this problem was brought to the company’s attention during a meeting in October 2010 with some company executives present and the suggestion was made to shut down the factory in order to address the problem.
“Our lead quality engineer… blew the whistle in a manager’s monthly review meeting, and he was basically told to shut up and sit down,” said another source.
Via: The Daily Caller


Wednesday, August 15, 2012

DOE loan chief warned staff that personal e-mail could be subpoenaed


Tuesday, the Washington Post reported on documents showing that Jonathan Silver, the former head of the Department of Energy’s $38 billion clean-energy loan guarantee program, directed a staff member not to use personal e-mail addresses in official DOE correspondence in order to prevent personal accounts from becoming eligible for government subpoena — and did so a matter of days before the now-failed, $500-million-loan-recipient solar company Solyndra went bankrupt.

“Don’t ever send an email on doe email with a personal email addresses,” Silver wrote Aug. 21, 2011, from his personal account to a program official’s private Gmail account. “That makes them subpoenable.” …
Silver repeatedly communicated about internal and sensitive loan decisions via his personal e-mail, the newly released records show, and more than a dozen other Energy Department staff members used their personal e-mail to discuss decisions involving taxpayer-funded loans as well. The Washington Post received the e-mails from Republican investigators on the committee. …
Silver said Tuesday that he did not mean to avoid congressional scrutiny. “I intended to advise my DOE colleagues to use their official email for official purposes and personal email for personal purposes,” he said in a statement. “It was never my intention to avoid the requirements of the Federal Records Act.”
…The White House and Chu have repeatedly asserted that the Energy Department staff made all loan decisions based on merit, without regard to politics or donors. …
Silver wrote on June 12, 2011, to David Lane, counsel to White House Chief of Staff Bill Daley, arguing that approving a loan to a solar-generation facility called Project Amp would help Obama politically.
Despite Silver’s protestations, this all looks more than a little bit sketchy. Perhaps instead of worrying over how to avoid making loan-related correspondence subject to Congressional subpoena, maybe they should have been worrying about — oh, I don’t know — not doing things that would make a Congressional subpoena cause for alarm?

Popular Posts