Tag Archive for ‘Renewable Energy’
Solyndra’s technology was so promising that the U.S. government provided $535 million in loan guarantees—whereby taxpayers foot the payback bill to lenders if a borrower fails. And fail Solyndra did: In September 2011 the company ceased operations, laid off all employees, and filed for bankruptcy.
While much of what the President said was comforting to environmentalists, his statements about expanding natural gas production—albeit “without putting the health and safety of our citizens at risk”—and opening up more than 75 percent of our potential offshore oil and gas resources did not sit well.
Scaling back our energy consumption significantly, whether voluntarily or as a result of laws and regulations, would go a long way toward achieving our pollution reduction and air and water quality goals. But Americans—and to a lesser extent those in many other developed nations—have never been very good at using less of anything, let alone the energy that makes everything in our whiz-bang modern world possible. That said, conservation is going to play an increasingly important role in all of our lives as we struggle to reduce our collective carbon footprints in a quickly warming world.