Welcome to the Green Chip Review Weekend Edition — our insights from the week in everything alternative and cleantech, as well as links to our most-read Green Chip Review and sister publication articles.
We've been saying that nuclear energy would see a resurgence under the Obama Administration, and more evidence to that effect surfaced this week...
On Monday, the administration announced $8.3 billion in loan guarantees that will allow Southern Co. (NSYE: SO) to start work on two new reactors. They'll be the first in the States in nearly three decades.
But that amounts to only a fraction of the $54 billion he's requested for the industry, which the Department of Energy says will be enough to get eight more reactors underway.
It's funny how nuclear has evolved as the only political common ground in the energy debate...
Most other issues are bitterly divided, which is one reason Evan Bayh, a long-time U.S. senator, announced he won't seek reelection. United Nations climate chief Yvo de Boer, who oversaw the failed Copenhagen talks, announced he's stepping down for similar reasons.
And that wasn't the only divisiveness this week...
On Tuesday, BP America, ConocoPhillips, and Caterpillar rescinded their membership in the U.S. Climate Action Partnership — a group lobbying for progressive energy legislation — saying it would hurt their businesses.
A New Canadian Task Force is Driving Fossil Fuels
Out of Business in British Columbia
In the process, they're creating a $30 billion void in the power industry.
But BC is ready to move in, funding a new generation of green power plants.
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This We vs. They stuff is getting old. Climate change and peak oil affects us all, and all companies — oil majors included — have a part of the solution to offer.
But apparently Texas didn't get the memo. It filed a petition in federal court this week challenging the Environmental Protection Agency's finding that carbon emissions endanger human health.
Governor Rick Perry called the EPA's finding "misguided." Of course, that's moronic. Let's hook his mouth up to a tailpipe for a day and see if his health improves.
Outside the Divided States, the rest of the world continued laying plans that will ensure continued economic prosperity, job creation, and energy security...
German-based Siemens (NYSEL: SI) — Europe's largest engineering group — said it will focus on mergers and acquisitions in its pursuit to become one of the top three turbine producers in the world.
Five new companies joined the $549 billion Desertec initiative, which plans to harness solar energy in the Sahara with which to power all of Europe. (The plan is genius.)
Italy announced it will double its solar capacity this year to 2,000 megawatts as installers race to claim incentives before they expire later this year.
And the European Wind Energy Association was out with a report this week showing "the European Union will meet and could even exceed its target of getting 20 percent of its energy from renewable sources by 2020."
The U.S. has no such national target.
In a brilliant soccer analogy this week, Chris Nelder summed up perfectly what we as a nation need to do and what will happen if we don't:
We need to learn teamwork and good sportsmanship. The Greens, the Browns, the Department of Energy, Congress and all the states should work together to score a win for Team America.
Or we can stay in the pee wee league while the smart teams go on to play for the resource championship of the world.
You can catch the full article below.
Call it like you see it,
Nick
Renewable Energy Legislation: Legal Eagles Help Cleantech Stars Rise
Editor Sam Hopkins has met some legal eagles whose sights are fixed squarely on cleantech, and he explains why lawyers are imperative to the success of the sector.
The Monster Metal: The Most Profitable Nuclear Advancement in 50 Years
Short of nuclear fusion (which is still decades away), this discovery could prove to be the greatest advancement to the world's energy crisis in 50 years! Green Chip reveals the company with the worldwide monopoly on this monster metal — and why you should buy this stock while it's still selling for less than 20 cents.
What Soccer Can Teach Us about Energy Policy: An Energy Playbook for Team USA
Energy and Capital Editor Chris Nelder draws some lessons from the world's most beloved sport about how to formulate good energy policy...
The Coming End of a 40-Year Drug War: Why It Could Mean Massive Profits for Investors
Green Chip reports: The same drug cartel that has fed our nation's oil addiction for more than four decades is about to crumble. This new report reveals why a staggering amount of money is about to be made from the end of the biggest and most powerful monopoly of our nation's history.
Nuclear Energy's Second Wind: How to Harness Energy's New Picks & Shovels
Energy & Capital Editor Nick Hodge covers the recent surge in nuclear news and the one company about to capture growth on the fuel side of the business.
The Single Uranium Stock to Buy Right Now: Uranium on the Rise as Obama Goes Nuclear
Publisher Brian Hicks explains what a pro-nuclear President means for uranium, and recommends a stock that should see gains of 100% — or better — by July.
China's Clean Energy Progress: Who's Winning the Cleantech Arms Race?
Green Chip Editor Nick Hodge discusses China's clean energy progress and how the U.S. is in danger of falling behind.
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Yet, glasses of water are necessary to maintaining life. So water in excess can be deadly, but lack of it is also deadly. We have no proven way to know where and when the danger with carbon monoxide lies. Your assumptions are unproven and without proven merit.
I have a wind power contract for eight 2.1 MW turbines on our land in NY, so I have a stake in renewables. But lets change the dialogue to energy indepedence which is a fact no one can dispute instead of focusing on "made made" global warning, which has been a convenient impetus for our real goal: energy independence.
As a geology/geography major I was taught and accept the Earth has repeatedly warmed and cooled long before there was a man. Your "man made" theory reminds me of the anti-nuclear weapon opponents who advanced man would destroy the world with nuclear bombs. Yes, it might have endangered man, but the Earth destroyed? We now know from the the power of comets hitting the Earth that man has but a small fraction of that power, and the comets didn't destroy the Earth.
Lets change the converstion to where it belongs: energy independence, an extremely important consideration, and away from "global warming", about which we are not a real factor. Stop the nonsense, give sound advice and do not expose your self to loss of credibility, which I assume in your field is all important.
Don't believe me? Stick around.
Sincerely,
Will Ivey