“As we’ve said from the beginning of this project, we are going to build these units the right way…. We have endured and overcome some extraordinary circumstances building the first new nuclear units in the U.S. in more than 30 years. Despite these challenges, progress at the site has been steady and evident.”
– Chris Womack, chairman, president and CEO of Georgia Power, October 21, 2021
Forget the U.S. Synthetic Fuel Administration of the 1970s. Forget the Obama Administration’s Solyndra project. The biggest debacle in modern U.S. energy history appears to be in Georgia, and the saga continues.
And far from unique, the latest-and-greatest in nuclear (this was supposed to be the breakthrough) is a warning sign about nuclear power in general. It has always needed government subsidies and protection. And it was a setup train wreck under lenient public utility regulation that allowed the franchised monopoly utility to recover all costs and a “reasonable” rate of return on invested capital.…
“… by Exxon’s calculations, a barrel of algal oil could be worth as much as $350, when factoring in existing low-carbon fuel standards and tax credits that add as much $260 in value to each barrel. Traditional crude oil currently sells for less than $80 a barrel.”
“The process requires vast amounts of energy so much so that algal biofuel production might consume more energy than it produces, some researchers concluded.”
Biofuels and biomass are energy technologies that are uneconomic and a mirage for the environmental gains that are desired by Left environmentalists. It is a loss-loss-loss for energy, stockholders, and the environment.
The article by Christopher Matthews, “Exxon Sees Green Gold In Algae-Based Fuels. Skeptics See Greenwashing” (Wall Street Journal, October 4, 2021) speaks for itself.…
“We conclude that the AR6 WG1 SPM regrettably does not offer an objective scientific basis on which to base policy discussions at COP26. It also fails to highlight the positive impacts of slightly increased CO2 levels and warming on agriculture, forestry and human life on earth.”
The Climate Intelligence Foundation (CLINTEL) is a voice for climate and energy realism in Europe and elsewhere. “There is no climate emergency” is their motto.
Founded in 2019, CLINTEL’s “main objective is to generate knowledge and understanding of the causes and effects of climate change as well as the effects of climate policy.” Continuing:
…To this end:
1. The Foundation tries to communicate objectively and transparently to the general public what facts are available about climate change and climate policy and also where facts turn into assumptions and predictions.