Obama moves to kill Cape WindPosted: May 16, 2011
The Obama administration is such a strong supporter of “clean energy” that it has moved to kill Cape Wind, the controversial offshore wind farm the Kennedy family has been fighting for 10 years.
In a May 10 letter to Cape Wind’s developer, the Department of Energy said it wasn’t ready to provide the project with funding and its application was being put on hold. The loan application was submitted under the $787 billion American Recovery and Reinvestment Act of 2009, which has apparently run out of money — at least for Cape Wind.
The Obama administration’s decision will force Cape Wind’s developers to raise $2 billion from private investors who, so far, have not invested a nickel for construction and who will now be even less likely to invest without government backing.
As the Cape Wind debacle illustrates, Obama isn’t sincerely interested in clean energy. His proposed “clean energy standard” is merely a ruse for seducing Republicans into enacting a carbon cap scheme like cap-and-trade.