Hundreds of millions of British aid ‘wasted’ on overseas climate change projects

What a beautiful thing when you can steal money from the poor for “climate” matters, and the worst you can ever be accused of is having an excesss of virtue.

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

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Serious questions are raised today over hundreds of millions of pounds of British taxpayers’ money being ‘wasted’ on climate change projects such as an Ethiopian wind farm and Kenyan solar power plant.

A Telegraph investigation shows little benefit so far from a £2 billion foreign aid programme to tackle climate change that was established eight years ago.

One scheme, costing £260m of UK taxpayers’ money, has produced only enough renewable electricity to power the equivalent of just 100 British households – about the size of a typical street.

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Another taxpayer-funded energy company files for bankruptcy

““Let’s remember that the need for energy storage systems is strictly a consequence of the intermittency of renewable energy sources like solar and wind.

These companies benefit from the grants and indirectly from the inefficiencies of an industry that exists by the grace of political favoritism.”

And yet, Neanderthal holocene climate man still persists. Spending other people’s money on virtue-signalling ideas that they know don’t work. WTF?

NOT A LOT OF PEOPLE KNOW THAT

By Paul Homewood

h/t Gamecock

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http://www.foxnews.com/politics/2017/03/10/another-taxpayer-funded-energy-company-files-for-bankruptcy.html

From Fox News:

A cutting-edge battery maker that received millions from taxpayers has become the latest government-backed energy firm to file for bankruptcy – reviving the controversy over how stimulus dollars were spent under the last administration.

Seven years after Aquion Energy received a $5.2 million stimulus-tied grant from the federal government, the Pennsylvania company on Wednesday filed for Chapter 11 bankruptcy.

“Creating a new electrochemistry and an associated battery platform at commercial scale is extremely complex, time-consuming, and very capital intensive. Despite our best efforts to fund the company and continue to fuel our growth, the Company has been unable to raise the growth capital needed to continue operating as a going concern,” Scott Pearson, Aquion’s outgoing CEO, said in a press release.

The company, which is now seeking a buyer, produces batteries to store solar and renewable energy. It had been…

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