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Browsing the "Obama Administration" Tag

Obama to Nix Keystone Pipeline Today

January 18th, 2012 | by Susan Kraemer

In a huge win for congressional Democrats and green groups who oppose it, the Obama administration is expected to announce today that it has killed the Keystone XL pipeline, a proposed use of US lands to allow dirty tar sands crude oil to be sent across US soil to the Gulf Coast for processing into usable oil for shipment to world markets

Obama Administration Fast-Tracks 2,500 MW Wind Project in Wyoming

January 11th, 2012 | by Susan Kraemer

By far the largest wind project ever built in North America is expected to get final approvals by the Department of the Interior's Bureau of Land Management (BLM) within the next few months. At 2,000 to 3,000 MW, it will dwarf anything built to date on this side of the Atlantic. This is much bigger than the Roscoe Wind Farm in Texas; the largest so far, at 781

Obama DOE Picked More Energy Winners Than Silicon Valley VCs

October 21st, 2011 | by Susan Kraemer

With just 1.4% of its Recovery Act clean tech investments in "losers", it looks like the Obama administration is batting a much better average in "picking winners and losers" than the private Venture Capital (VC) market itself. The US government guarantee of a private loan to Solyndra, at $535 million, represented a minuscule 1.4% of the Department of Energy investment in all renewable technologies. By contrast - VCs (who were out $1 billion to Solyndra, for example) expect much higher failure rates. Richard Stuebi, who advises VCs on expected green energy failure rates, says that just 3 in 10 successes represents a successful VC investment strategy. That is 70% losers - not 1.4%

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