A Free-Market Energy Blog


Posts from December 0

60 Minutes: ‘The Cleantech Crash’ ($150 billion boondoggle exposed)

By Robert Bradley Jr. -- January 6, 2014

Leslie Stahl (CBS): Part of this [green technology investment] was supposed to be creating new jobs. Everything I’ve read there were not many jobs created.

Steven Koonin (DOE-ex): That’s correct.

Stahl: So what went wrong there?

Koonin: I didn’t say it would create jobs. Other people did.

Stahl: So you never thought it was gonna create ….

Koonin: I didn’t think it mattered as a job creation, no.

Last night (January 5, 2014), Leslie Stahl of 60 Minutes (CBS) exposed the green-technology boondoggle before a national audience.

The Cleantech Crash focused on venture-capitalist (and rent-seeker) Vinod Khosla, “the father of the Cleantech revolution.” Khosla has invested more than one billion dollars personally in approximately 50 energy startups, along with much taxpayer commitment. Yet his projects are in the red.…