18 Replies to “We Don’t Need No Stinking Giant Fans”

  1. Shame . . . all that money loaded into the pockets of these eco-grifters, so easily fleeced from do-gooder governments and urged on by greenies.
    Guess they’ll have to leave Euroland and move to Ontario. Dulton is now the new mark.

  2. California is another good target. Governor Moonbeam just upped their renewable requirement to 33% by 2020

  3. The Enron mentality lives on and has made it’s way into governments right here in Canada.
    Iggy tells us to “Rise up, Rise up.”
    Maybe now Canadians will “Wake up.”

  5. Meanwhile CFRA Radio reported that the Ottawa Carleton District School Board has signed 224 agreements to rent rooftops for the installation of solar panels. The board anticipates this will generate revenues of approximately $1 million annually to the Ottawa Carleton District School Board.
    The board’s Multi-Year Energy Management Plan includes leasing one million square feet of school rooftops for Solar PV.
    What possibly could go wrong?

  6. Allan:
    The article states:
    “Money flowing into the industry through asset finance, share sales, venture capital and private equity fell more than a third to $31.1 billion in the first three months of the year from a record $47.1 billion in the fourth quarter of 2010, the London-based researcher said today in a statement.
    That’s a drop of 16 billion dollars over three months. It is running for the exits.
    I certainly wouldn’t want you handling taxpayer investments.

  7. A comment regarding the subject from the Cafe Hayek blog:

    Environmental policy is not driven by tree-hugging activists, earnest liberal bloggers, or ecologically minded citizens. Instead, it flows from the lobbyists and executives of well-connected multinational corporations and built-for-subsidy startups that see profit in the loan guarantees, handouts, mandates, and tax credits Congress creates in the name of saving the planet. – Tim Carney comment at the Cafe Hayek blog.

  8. Ghost of Ed, I could see if it was $31 Billion removed. However it is still a positive flow of $31 Billion into “green investments”. The fact that the rate of investment has slowed isn’t really relevant. There can be a number of factors for this.
    “Running for the exits” would be thousands of people cashing in their investments, creating a crunch. That is far from happening.

  9. Actually the fact that investors aren’t running for the exits has me concerned. This bubble could eventually be on par with the housing bubble.

  11. No surprises in the article. Governmental involvement in the market always distorts true values. When the government(s) announce that they’re no longer propping up an over-cost option, the vulture-investors will look for easier pickings elsewhere. That’s what vultures do, they don’t do the actual hunting themselves, but they’re happy with the left-overs after the more ambitious have made their profits (er, I mean killing).
    I follow a bit about a former employer. Very little of the market talk has to do with how much reserves they still have, it’s all based on past performance. It’s like Disco Stu promoting disco records because (paraphrased) “look at the sales the sales from 77, 78 and 79 (doing a Travola style point-at-the-ceiling), it’s going up-up-up.”
    It’s nice that there is enough value produced in the companies on the market that these style of scavengers can live off of the productive segment of the market. Kinda like how having obese people on welfare is better than having starvation. It’s not the preferred status by any means, but it’s far better than some of the alternatives.

  12. look no further than General Electric, who is a major supplier of equipment and services to the green industry.
    And lo and behold, who is OBOZO’s chairman of the President’s Council on Jobs and Competitiveness, Jeffrey Immelt.
    Talk about corruption, GE received $140B in bailout funds

  13. Not in Dorkie McGuinty’s Ontario, though.
    No sireee. Can’t let “alternative energy” collapse here. After all, it`s the only thing we have that even remotely resembles an economy…

  14. Too right, Allan. It may be a large drop, but there’s still far too much money flooding into these schemes.

  15. Have a look at what the Ontario Government is proposing for the pristine shoreline in Algoma. Site of Group of 7 paintings and a Canadian Heritage site, soon to be despoiled by hundreds of wind towers – but only if McGuinty gets his way.

  17. The BBC Pension Fund was one of the first to get heavily invested in various sorts of ecoscams and
    way out moonbeamery. Not that the crass pro-idiocy propaganda that is constantly on offer from their
    outlets is supposed to help sustain such nonsense.
    That would be unethical.

  18. That won’t stop the regulators. After all this was never about energy, just control.
    JMO

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