By Paul Chesser The Securities and Exchange Commission has notified the brokers who raised most of the private financing for taxpayerbacked electric automaker Fisker Automotive that charges may be brought against them, in connection with a private offering in 2009. The co-founders of Advanced Equities, Inc., Keith Daubenspeck and Dwight Badger, were served in January…
Paul Chesser
Taxpayers’ Green ‘Investment’ in Battery Company Withers
By Paul Chesser A123 Systems – the taxpayer-funded electric vehicle battery manufacturer that famously shipped duds to Fisker Automotive, which caused one of its luxurious Karma EVs to shut down just before a Consumer Reports test – is now the defendant in an investor class action lawsuit and its stock has tanked to below $1.…
General
Natural Resources – National Confusion
Ottawa must play major role in unlocking natural resource development across the country Ottawa, Ontario – The world’s insatiable appetite for Canada’s twin endowments of vast natural resources and well functioning institutions could unleash an unprecedented wave of prosperity, especially in the west. Yet at the very moment when these endowments could fuel an almost…
Greg Lewis
What If Oil and Natural Gas Are Renewable Resources?
By Greg Lewis President Barack Obama and his green energy confederates are determined to scare the public about a declining supply of “fossil fuels.” If we accept the idea that oil is produced by the conversion of organic matter — from plants to dinosaurs – – under extreme pressure, we must also accept the idea…
Paul Chesser
Al Gore & Duke Energy: Marriage Made in Regulation Hell
By Paul Chesser The North Carolina fuel cell project in which former Vice President Al Gore has a conflict of interest as a director of Apple, Inc., illustrates how crony socialism and state mandates to utilize so-called “Green” energy converge to benefit wealthy corporatists at the expense of regular citizens. Yesterday NLPC reported that Apple’s…
Paul Chesser
10 Reasons Why Fisker May Be Worse Than Solyndra
By Paul Chesser Automotive and green technology advocacy Web sites are abuzz with a story about a former employee of Fisker Automotive who claims the company released its $102,000-plus Karma electric sport sedan prematurely, in order to meet targets set forth by the Department of Energy, so Fisker could access funds from a $529 million…