BUSTED: Deutsche Bank Raided In Carbon Tax Fraud

Blythe Masters, the Queen Bee of Carbon Tax...

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Deutsche Bank Offices Raided in Carbon Tax Fraud

German prosecutors have raided offices belonging to Deutsche Bank as part of an investigation into a tax evasion scheme involving the trading of carbon permits.  The Frankfurt prosecutor's office said 25 employees of the bank were suspected of serious tax evasion, money laundering and obstruction of justice.  Arrest warrants have been issued for five of those employees.

Green Energy Gets The Blues: Tough Times Ahead

Green energy companies are feeling the backlash from subsidy cuts, austerity measures and economic uncertainties. Bloomberg's James Evans discusses the problems ahead in 2013 for the alternative energy industry.

Rise in renewable energy will require MORE use of fossil fuels

One of the hidden costs of solar and wind power — and a problem the state is not yet prepared to meet — is that wind and solar energy must be backed up by other sources, typically gas-fired generators. As more solar and wind energy generators come online, fulfilling a legal mandate to produce one-third of California's electricity by 2020, the demand will rise for more backup power from fossil fuel plants.

Canwea president says prospect for wind energy in Canada are excellent

Premier Dalton McGuinty has promised municipalities more of a voice on wind turbine projects within their borders. But on Thursday, the province said municipalities won't be able to reject wind projects.

Energy groups to Obama: Change in wind credit would boost investment

A change to the text of a wind-power tax credit would increase investment in several types of renewable energy, industry groups told President Obama.  The groups say that while credits for their industries are locked in through 2013, altering the incentive’s language within the Senate Finance Committee’s tax package would boost investment for 2013.

New York State Windpower: Enough Business/Government Cronyism

The sad reality is, however, that with 66 corporate lobbyists for every elected official roaming the halls in Washington, D.C., Big Corporate Big Bucks are working hard to buy the legislation that best suits their bottom lines – taxpayers and sound science be damned.

Update in New York

Supreme Court dismisses lawsuit in Litchfield wind turbine case

LITCHFIELD, N.Y. (WKTV) - The courts have ruled in favor of the Town of Litchfield's ban on industrial wind turbines. There was a lawsuit filed against the town board by leaseholders and their relatives. This ruling means the proposal to building 492 foot industrial turbines in the town- can not move forward.

Supreme court justice Norman Seigel made the ruling on December 6th. The plaintiffs did not challenge any particular provision of the law, which allows wind energy facilities up to 50 kilowatts for personal use, but bans the construction of larger turbines. The law was enacted in March 2012 after two years of deliberations.  Judge Seigel ruled in favor of the town's request for dismissal.

Rise in renewable energy will require more use of "fossil" fuels 

One of the hidden costs of solar and wind power — and a problem the state is not yet prepared to meet — is that wind and solar energy must be backed up by other sources, typically gas-fired generators. As more solar and wind energy generators come online, fulfilling a legal mandate to produce one-third of California's electricity by 2020, the demand will rise for more backup power from fossil fuel plants.

http://www.caiso.com/docs/2003/09/08/2003090815135425649.pdf

Berman foreign aid reform tackles climate change

The bill doesn't spell out specific amounts or regional programs, but rather creates new requirements and priorities for the disbursement of foreign aid. These include a section on “Sustaining the Global Environment,” which permits activities aimed at addressing climate change, and another on “Advancing Peace” that calls for the creation of a Bureau of Conflict and Stabilization Operations.

Norway Begins Four Year Test Of Thorium Reactor

A Norwegian company is breaking with convention and switching to an alternative energy it hopes will be safer, cleaner and more efficient. But this isn’t about ditching fossil fuels, but rather about making the switch from uranium to thorium. Oslo based Thor Energy is pairing up with the Norwegian government and US-based (butJapanese/Toshiba owned) Westinghouse to begin a four year test that they hope will dispel doubts and make thorium the rule rather than the exception. The thorium will run at a government reactor in Halden. 

GOP Solyndra Point Man Says Romney Dropped The Ball

Rep. Cliff Stearns (R-Fla.), the lead GOP investigator of the bankrupt solar company Solyndra, said failed presidential hopeful Mitt Romney should have done more to capitalize on the collapse of the White House-backed panel manufacturer.

Italy raids target mafia moves on wind, solar farms

Police said mafia bosses had obtained contracts to build photovoltaic and wind energy systems in Palermo, Agrigento and Trapani. Some of the money they made went to fugitive mafia chief Matteo Messina Danaro, currently one of the world's top wanted criminals. The six people arrested are suspected of mafia association and corruption. The mafia has been heavily involved in renewable energy in Italy for years.

North Carolina ocean waters chosen for offshore wind

...But offshore wind energy remains among the most expensive forms of electricity today, and building a wind farm in the sea has proven an elusive goal in this country. The industry is still distrusted by some as a subsidy-dependent boondoggle, even though advocates depictwind energy as a clean and safe alternative to mining, fracking, energy imports and nuclear waste.

An offshore wind farm long planned in Nantucket Sound off Cape Cod in Massachusetts is tied up in legal challenges, while plans to build one in Delaware waters fell through in recent weeks because of the likely expiration of federal tax incentives for these multibillion dollar projects.

“The biggest challenge is: Who’s going to buy the power?” said Brian O’Hara, president of the N.C. Offshore Wind Coalition. “If you can figure that out, then you’ve got a project.”

One company that expects to file a notice of interest in bidding for leases is Arcadia Offshore, the New Jersey company whose Delaware deal collapsed for lack of subsidies. Arcadia president Peter Mandelstam said the process will be complex and time-consuming, requiring extensive environmental analyses and public hearings; even if everything goes smoothly, construction could take five years to get under way and two years to complete.

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Developing Story in Massachusetts

Flashback:  Mary O'Donnell Winds Up In Kingston

Update:  Mary O'Donnell Selling 3 Wind Turbines

Background from a trusted source:

"The Patrick Admin launched the Mary O'Donnell wind turbine show in New Bedford at an offshore wind event.  They put their eggs in her basket and now she's regretting she ever opened Pandora's Box."

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Read Last Week's Green Corruption Stories...

Photos by William Banzai7...

Comments

[john]

Thanks again DB. I would like comments from the readers on the format I tried this time and any suggestions on how to improve later postings, (including any subject matter that readers would be interested in), and want to express my sincerest thanks to The Daily Bail for allowing me to do this and for technical assistance given by Steve himself, who has taken his valuable time to help out with a few glitches on my end.

Thanks!

[DailyBail]

Here's another Blythe Masters pic.

http://www.flickr.com/photos/expd/7563079132/

[john]

Just Because...

I have written posted a few blurbs about Angus King, (I- Maine), in the Green Energy Blues Thread. Look at this photo and then research Harry Reid's son's involvement in the renewables sector.

What the hell... I'll do it for you.

http://www.breitbart.com/Big-Government/2012/09/04/Harry-Reid-s-Son-Representing-Chinese-Solar-Panel-Plant-In-5-Billion-Nevada-Deal

And look at this photo and read the article carefully.

http://bangordailynews.com/2012/12/13/opinion/committees-give-angus-king-running-start/

[SKINFLINT]

John, Harry screw me Reid does not talk to his son. Now that is a quiet Thanksgiving table. I guess all you can hear are the rattle snakes . Har. The Chinese got a real deal on the land there. Wonder how the bank accounts look. These people sell out for way less than they should.

[SKINFLINT]

Banzai is the shit.

[john]

Here is a bit on load shedding and grid stability (this is a bit technical but a really good read).

http://www.midwestreliability.org/04_standards/drafting_teams/ufls/BarryFrancisPresentation081024.pdf

[john]

Report: Solar firms under investigation for stimulus swindle

http://thehill.com/blogs/e2-wire/e2-wire/272999-report-solar-firms-under-federal-probe-regarding-stimulus-program


Top wind industry lobbyist to resign

http://thehill.com/blogs/e2-wire/e2-wire/273027-top-wind-industry-lobbyist-to-resign

[john]

UPDATE: Solar City did receive a subpoena according to my last post ref:

Report: Solar firms under investigation for stimulus swindle

http://thehill.com/blogs/e2-wire/e2-wire/272999-report-solar-firms-under-federal-probe-regarding-stimulus-program


This isn't good.

Cleantech companies look to follow SolarCity to IPO

http://www.mercurynews.com/business/ci_22195381/cleantech-companies-look-follow-solarcity-ipo

[S. Gompers]

I have also seen reports of other Carbon Credit schemes for over a year now including counterfeiting.

Nice link on the grid John, many of us who were in the industry know the grid has not been optimal for a very long time.

[john]

The Deutsche Bank, Monte Paschi Cover-Up: Tier 1 Capital and an Equity Swap

http://www.zerohedge.com/contributed/2013-02-15/deutsche-bank-monte-paschi-cover-tier-1-capital-and-equity-swap

[John]

Deutsche Bank Cuts 2012 Profit on Litigation Reserves

http://www.bloomberg.com/news/2013-03-20/deutsche-bank-raises-litigation-reserve-on-u-s-mortgages.html


Move linked to US mortgage lawsuits and other regulatory probes