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Politics : Formerly About Advanced Micro Devices

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To: Brumar89 who wrote (903646)11/29/2015 7:52:10 AM
From: Brumar891 Recommendation  Read Replies (1) of 1574873
 
Failure: Barack Obama Blew $150 Billion to Increase Renewable Energy Generation by 1%

Jim Hoft Nov 28th, 2015 7:33 pm 36 Comments

Barack Obama blew over $150 billion of taxpayer money to increase renewable energy in the US by slightly over 1% of total energy consumption.

Obama has spent at least $39 billion a year on his green energy projects.
Institute for Energy Research reported:

President Obama subsidized solar and other renewable energy in the United States with taxpayer money to the tune of $39 billion per year on average for the past 5 years. These massive subsidies, however, have done little to increase the contribution of solar power to the electricity generation mix as solar is expected to produce just 0.6 percent of electricity generation this year. Disregarding the cost to the American taxpayer and the failed solar projects in the United States, President Obama has pledged billions of dollars to fund solar energy development in India. On his trip to India, President Obama was hoping to bring back a deal similar to the one he made in China to peak the country’s carbon dioxide emissions by 2030. However, Prime Minister Narendra Modi rejected the President’s proposed global warming deal, realizing his priority should be to bring power to the hundreds of millions of Indians that lack access to electricity.

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http://www.thegatewaypundit.com/2015/11/failure-barack-obama-blew-150-billion-to-increase-renewable-energy-generation-by-1/

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