Ed. note: This post excerpts energy and climate material from the Media Balance Newsletter, a free fortnightly published by physicist John Droz Jr., founder of the Alliance for Wise Energy Decisions. The complete Newsletter for this post can be found here.

Greed Energy Economics:
*** The Death of a Wind Project 
*** The limitless hidden costs of the “Inflation Reduction Act”

Renewables (General):
*** Seize property to build wind and solar projects, says JP Morgan chief
*** Renewables and Fossil Fuels Are Not Comparable for Their Support of Humanity
*** The great renewables rip-off continues
*** This Is Why ‘Green Solutions’ Are a Gigantic Scam
Communities with renewable energy projects could lose out under NY Gov’s budget
Renewable Energy Crisis Coming and It’s Home Grown!

Wind Energy — Offshore:
*** Dem senators from 4 states ask NOAA to address whale deaths
*** Will Offshore Wind Lower Energy Bills?…

“It took a decade in Texas, but the cancer grew and spread–thanks, in part, to the very projects that Mr. Howard lists on his resume. Between 3,000 and 4,000 MW of mostly wind but also solar projects are claimed, led by Los Vientos I, II, III, IV, V, and VI….

Milton R. Howard, one of the nation’s leading wind/solar developers (along with the spouse of the Houston Chronicle business editorialist, another story) sees himself as a great man, creating value for society in addition to his employer and himself.

He describes himself as a “people person” who is “making this world a better place than I found it.”

I am driven to make things better from an overall economic, social and environmental standpoint. I am passionate and a high achiever but also very much a people person.

“ExxonMobil wants more: an ‘initial’ increase in the tax credit to around $100 per metric ton (from $85) and an extended eligibility period to 30 years (from 12 years). And ‘Provide a $10 billion grant to help develop infrastructure in Houston….'”

“Carbon capture and storage is a ‘loss leader’ for ExxonMobil to officially greenwash. For the Biden Administration, CCS is a bribe providing leverage on the biggest energy major.”

Yesterday’s post described ExxonMobil’s abandonment of its biofuels (algae) venture, wildly uneconomic after more than a decade of effort and hundreds of millions of dollars invested. But the company’s Low-Carbon Solutions division has something much bigger in process: Carbon Capture and Storage (CCS), advertised as “Providing industry solutions needed to help reduce emissions during the energy transition.” (Ouch! ExxonMobil endorsing “the energy transition” away from its major products, oil and gas.)…

“Since 2000, the world has spent more than $5 trillion on green energy. More than 300,000 wind turbines have been erected, millions of solar arrays were installed, more than 25 million electric vehicles (EVs) have been sold, hundreds of thousands of acres of forest were cut down to produce biomass fuel, and about three percent of agricultural land is now used to produce biofuel for vehicles.”

We are in the midst of history’s greatest wealth transfer. Government subsidized wind systems, solar arrays, and electric vehicles overwhelmingly benefit the wealthy members of society and rich nations. The poor and middle class pay for green energy programs with higher taxes and higher electricity and energy costs. Developing nations suffer environmental damage to deliver mined materials needed for renewables in rich nations.

Since 2000, the world has spent more than $5 trillion on green energy.…