After decades of controlling America’s energy narrative, on January 5, CBS’s 60 Minutes fired a shot that has put the green lobby on the defensive. The next day, two very different media outlets lobbed blows that could represent a new trend; a change of tone in Washington.
The 60 Minutes piece, featuring correspondent Lesley Stahl, aired, perhaps intentionally, at a time when it may have had the lowest possible viewership, as it aired opposite the NFL playoff game between the Green Bay Packers and the San Francisco 49ers. You may have missed it. But environmental/renewable-energy believers took the hit—and they are pushing back.
Stahl opened “The cleantech crash” with:
“About a decade ago, the smart people who funded the Internet turned their attention to the energy sector, rallying tech engineers to invent ways to get us off fossil fuels, devise powerful solar panels, clean cars, and futuristic batteries. The idea got a catchy name: ‘Cleantech.’ Silicon Valley got Washington excited about it. President Bush was an early supporter, but the federal purse strings truly loosened under President Obama. Hoping to create innovation and jobs, he committed north of a $100 billion in loans, grants and tax breaks to Cleantech. But instead of breakthroughs, the sector suffered a string of expensive tax-funded flops. Suddenly Cleantech was a dirty word.”
Midway through the segment, Stahl states: “Well, Solyndra went through over half a billion dollars before it failed. Then I'm gonna give you a list of other failures: Abound Energy, Beacon Power, Fisker, V.P.G., Range Fuels, Ener1, A123. ECOtality. I’m exhausted.”
Regarding Stahl’s list, Bruce Barcott, “who writes frequently about the outdoors and the environment,” in a rant for OnEarth Magazine about the 60 Minutes segment, asks: “Where was the evidence of cleantech’s crash in the ‘60 Minutes’ report?” He continues: “It seemed to boil down to the fact that Solyndra, Fisker, LG Chem, and five other clean tech companies went bankrupt. All true.”
Perhaps, to Barcott, eight bankrupt companies do not offer enough “evidence” to write green energy’s obit. How much would he need?
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 29th, 2014 | John Ransom
Today, at 11:20 AM PT: Get the Market Movements in Advance; Williams Edge Webinar for October 27th, 2014 | John Ransom