During the recent presidential debate, Hillary Clinton returned to the same line we’ve been fed for eight years: there’s an economic boom waiting in the Green Economy.
No, there isn’t. In Part 3 of this 6 part series, Bill takes apart Hillary’s energy plans and examines the consequences to the planet.
Transcript below:
CLINTON: Take clean energy. Some country is going to be the clean- energy superpower of the 21st century.
And here’s what we can do. We can deploy a half a billion more solar panels. We can have enough clean energy to power every home. We can build a new modern electric grid. That’s a lot of jobs; that’s a lot of new economic activity.
Wait. Didn’t President Obama promise us unlimited prosperity from this new Green economy eight years ago? And four years ago?
In fact, didn’t President Obama take $500 million dollars of taxpayer money – that’s five hundred MILLION dollars of YOUR MONEY, and give it to a solar cell company called Solyndra? And didn’t $500 million of our dollars go poof! after Solyndra then went bankrupt? Your party is so financially stupid that you poured money into a company that went bankrupt AFTER you stole $500 million from the American people to prop it up.
Solyndra went bankrupt because your entire idea is bankrupt. Renewables do not scale up to even 5% of our total energy needs because we need energy at night and on cloudy days and on days with no wind. The giant IVAN-pah solar plant outside of Las Vegas, heavily touted by your party’s President, sucked up another one thousand, five hundred million dollars of taxpayer money, and now we find that it is not able to run without continued subsidies? Why? Because the electricity generated by the giant IVAN-pah solar plant in Nevada costs about $200 / megawatt-hour, compared to $35 / megawatt-hour for clean burning natural gas.