That this has led to fraud is no surprise at all!

My good friend and occasional blog pinch-hitter, William Teach of The Pirate’s Cove, has an article this Friday morning on the Biden Administration prosecuting a major ‘carbon offset’ sales company for fraud:

C-Quest Capital LLC Chief Executive Officer Kenneth Newcombe, who stepped down as CEO in February, was indicted Wednesday in New York on wire fraud and commodities fraud charges. He faces up to 20 years in prison if convicted on the most serious charges.

C-Quest develops emission-reduction projects to earn carbon credits that can then be sold to companies or other entities that wish to offset their own emissions. Newcombe, a onetime Goldman Sachs Group Inc. managing director and World Bank official, founded C-Quest in 2008.

You can read the rest on Mr Teach’s fine site.

But this one speaks to me, due to my experience. It was 2003, and carbon offset salesmen came and made a presentation to the concrete company at which I worked. Ready-mixed concrete producers use pozzolans, materials which are not cementitious alone but when mixed with Portland cement during the production of concrete utilize the excess calcium hydroxide liberated to become cementitious. We use them because they are less expensive than cement. The two most frequently used are flyash, which is harvested from the ignition byproducts of burning coal in power plants, and ground granulated blast furnace slag, the material left over from the smelting of iron ore.

The manufacture of Portland cement is a major carbon dioxide (CO2) emitter, so by the partial substitution of flyash, ready-mix companies reduce their carbon footprint. The salesmen told us that we could gain carbon credits every time we used flyash instead of cement, and that we could sell those carbon credits to other companies, to make it look like they were doing something to help fight global warming climate change, but, since it wouldn’t have changed how we did business since we were already using flyash — other than requiring some bookkeeping — it wouldn’t have reduced CO2 emissions at all! It was simply a way to take money, taking it from one CO2 emitter and giving it to a company which emitted less CO2; virtue signaling for the first, without having to actually spend significantly more money to reduce their emissions, and extra money for us, for doing what was already in our own economic interest.

Is anyone really surprised that fraud would be involved? When it comes to global warming climate change, the scammers and fraudsters will always be buzzing around.

Welfare for the well-to-do

If you watch the Weather Channel, whenever one of the bad winter storms hits, or hurricanes, tropical storms, etc, you’ll see that they always have a graphic showing how many “customers” are without power. Customers does not equal people, but residential and commercial units consuming power. As ’empty nesters,’ we count as one customer, but are two people. When the first tropical storm/category 1 hurricane hit the Lone Star State earlier in July, the Weather Channel was telling us about how long customers in Texas were dealing with near 100ºF temperatures with no sparktricity for air conditioners. Primarily distributed by overhead wires, electricity is our most vulnerable to the weather utility.

Heat pumps are having their moment. Are they right for you?

More homeowners are opting for heat pumps, once thought to be ill-suited to cold Northeast winters.

by Frank Kummer | Monday, July 29, 2024 | 5:00 AM EDT

For decades, Scott Nelson’s Oceanside Service has been installing traditional residential cooling systems and gas-powered furnaces in Jersey Shore communities such as Long Beach Island.

Within the past few years, however, the Allenhurst-based contractor has seen a big change: More homeowners are opting for heat pumps, once thought to be ill-suited to cold Northeast winters. The switch is fostered by warming winters, more efficient heat pump units, and federal and state incentives.

“We give everybody the option,” Nelson said, referring to a traditional system versus a heat pump. “And 8 out of 10″ have been buying heat pumps.

Heat pumps are having their moment, boosted in recent years by federal tax credits and other incentives that align their cost more closely with traditional fossil-fuel powered units, while also being highly efficient.

And there it is! You, the taxpayers, are on the hook to buy HVAC systems for Other People! And the homeowners in “Jersey Shore communities such as Long Beach Island” are much wealthier than the typical taxpayer in Flyover Country USA. In June of 2024, the median sale price in Long Beach Island, NJ, was $2,250,000, up 32.4% from the same time in 2023.[1]Data accessed on July 29, 2024, and may show differently in the future, as the referenced real estate site updates information as it is received.

The momentum could grow with the Environmental Protection Agency’s announcement last week of $4.3 billion in grants for projects in 30 states aimed at reducing climate change and air pollution, fostering environmental justice, and accelerating a transition to renewable energy. Pennsylvania received nearly $400 million, and New Jersey and a coalition of other states received nearly $250 million, all funded by the Inflation Reduction Act (IRA) as part of the Biden administration’s agenda.

The grants will be used to fund various programs, including those that encourage a switch to heat pumps such as Pennsylvania’s Priority Climate Action Plan.

So, even more of your taxed-away dollars — or that money borrowed from investors and repaid with interest — being given to Other People.

Our HVAC system, a circa 1995 heat pump system, was destroyed in the 2021 flood, and the $6,100 it cost to replace it came from our pockets, not the taxpayers. Remember that $6,100 figure; it will be important later. How much moolah is Uncle Sam giving to people wealthier than you? Skipping down a few paragraphs we find:

Heat pump installations can quality for federal tax credits valued at up to 30% of the cost paid for the unit, or up to $2,000 per year, for air-source heat pumps. There’s a rebate up to $8,000 for an ENERGY STAR-certified electric heat pump for space heating and cooling.

Pennsylvania anticipates using money from the Infrastructure Act to offer rebates starting in 2025 for heat pumps installed in low- to moderate-income households.

Further down, readers are told that the up-front costs for a heat pump are about $15,000, versus roughly $8,000 for a gas furnace. I guess that my $6,100 wasn’t so bad, huh?

Philadelphia has plans to try and push heat pumps, but has 440,000 mostly brick rowhomes, with an average age of 80 years. Many have insufficient electrical service to power a heat pump system. My heat pump system has not one but two 220-volt, 50-amphere circuits, one for the exterior condenser unit, and another for the blower unit in the crawlspace, which includes heating elements for the ’emergency’ heat cycle. With our ‘backup’ heating system, a propane fireplace, we’ve never needed to use the ’emergency’ heat cycle. A modern, 200-amp circuit breaker panel is needed for installation of a heat pump system, so many of the Philly rowhomes would also need an electrician to upgrade that before any heat pump system could be installed.

There’s more than just that, though. As Frank Kummer, the article author noted, many Philadelphia houses, particularly the rowhomes, “still have boilers that use radiators and baseboard heat. Those likely would need ductless, mini-split heat pumps.” While it is possible to mount mini-split units on interior walls, doing so is more complicated, and more expensive than mounting them on exterior walls.

This is a program that is nothing more than welfare for the already well-to-do. The heat pump systems do have tax credits, but that doesn’t mean that homeowners can simply stroke a check for $15 grand, and be able to wait for their tax credits. While some rowhouse neighborhoods like Fishtown are gentrifying, and might have some better-off homeowners who would consider heat pumps as they remodel, it’s more difficult to see how the working-class people in Philly’s working-class neighborhoods could do so. If their gas furnaces have to be replaced, it’s still cheaper for them to replace with new gas furnaces than heat pumps, as Mr Kummer’s article tells us.

And so I go back to the beginning, and how electricity is our most vulnerable to the weather utility. If you live in a Philly rowhome, and the power goes out on a bitterly cold February day, whether you had a heat pump based system, or your old natural gas fired boiler for radiators, both would be out. But a low-end home generator from Lowe’s or Home Despot can provide enough 110-volt, 20-amp power to run your natural gas furnace, while you’d need a substantial generator, providing 220-volts to run your heat pump system.

I have no objection at all to people being able to choose what kind of heating system they want; I do find it objectionable that the government has its snotty nose in these decisions, and that the feds are providing what amounts to welfare for already prosperous people.

References

References
1 Data accessed on July 29, 2024, and may show differently in the future, as the referenced real estate site updates information as it is received.

NIMBY! Don’t build your damned solar farm next to my neighborhood!

Lexington/Fayette County, Kentucky, was one of the only two, out of 120, counties in the Bluegrass State to cast a majority of their ballots in 2020 for Joe Biden. The good people of Lexington — the city comprises the entire county — gave 90,600 votes, 59.25% of the total, to Sundowner Joe, compared to 58,860, or 38.49%, to President Donald Trump. That was a slightly higher percentage for Mr Biden than the Commonwealth’s largest city/county, Louisville/Jefferson County’s 58.87%.

So, with so many, many people on the liberal side of the political spectrum, you’d think that Lexingtonians would support Mr Biden’s policies, right? Continue reading

The left are pro-choice on exactly one thing

There was a subscriber comment on an article in The Washington Post on the political polarization of plug in electric vehicles that made me chuckle. The commenter styling himself oneofmanyopinions wrote:

I’m not a tree hugger, but every time I hear a Republican, such as Bill Barr, say things like “they want to take our gas stoves” as justification to vote for Trump, I know I’m witnessing ignorance at a high level.

I responded, noting that immediately to the right of the article was a blurb for one entitled “Gas stoves spread harmful pollution beyond the kitchen, study finds.Continue reading

Green virtue signaling Too bad that they don't know what they are talking about

Every so often I can see the virtue signaling of the environmentalists that just makes me laugh. Former Mayor Jim Kenney (D-Philadelphia) may have been totally inept at actually running the city, but he sure was great at getting a ‘sugary beverage tax’ passed, to fight obesity, don’t you know, that’s none of the city’s business. And even though he was fully in support of ‘my body, my choice’ when it came to women killing their yet-to-be-born children, he was adamant and aggressive in fighting the unions to get city employees who wanted to exercise bodily autonomy when it came to taking an experimental vaccine.

Then, about six years ago, in his effort to fight global warming climate change, he pushed a project to get solar power for electricity for city-owned buildings. Continue reading

You will pay for it, and you will like it! All of the climate activists' plans involve huge increases in spending by consumers

Global warming climate change and the idiotic government policies which stem from the activists plans are supposed to be much more William Teach‘s bailiwick than mine, but I seem to have had a few recently. On Good Friday, I noted that the Biden Administration’s plans to have 500,000 commercial charging stations for plug-in electric vehicles installed by 2030 was falling very short. Philadelphia is going to ‘crack down’ on people parking on the sidewalks, something which many row home residents in the city have to do, and which means that at home charging of electric vehicles will not work for many of them. And now, The Philadelphia Inquirer has reported, though certainly not in any way to complain about government policies, just how all of this is going to fall on the consumer. Continue reading

Biden Administration project to push electric vehicles is falling short

This site has previously reported on the Biden Administration’s plans to get half a million commercial electric vehicle charging stations built by 2030. But, according to The Washington Post, they aren’t getting a great start on the job!

Biden promised to install thousands of EV charging stations. Only 7 have been built.

The network of fast chargers promised by the Biden Administration has had a painfully slow rollout

by Shannon Osaka | Thursday, March 28, 2024 | 4:51 PM EDT

President Biden has long vowed to build 500,000 electric vehicle charging stations in the United States by 2030. Those stations, the White House said, would help Americans feel confident purchasing and driving electric cars, and help the country cut carbon pollution. Continue reading

New car buyers are choosing hybrids over plug-in total electric cars

My older daughter has a 2018 Toyota Prius Hybrid, and it has been a pretty good car for her. I’ve driven it — we actually had it on the farm for nine months while she was deployed — and it’s pretty nice. Her car is named “Veronica,” while our younger daughter’s car is named “Betty.”

From Business Insider:

Hybrid cars now have ‘very few compromises’ says Ford executive — and sales are booming

by George Glover | Saturday, March 23, 2024 | 6:03 AM EDT

  • Sales growth for hybrid cars is outpacing growth for electric vehicles this year.

  • Ford is one automaker reaping the benefits, with demand for its Maverick truck spiking.

  • “Hybrids now have very few compromises compared to their gas alternatives,” Ford’s Andrew Frick said.

It’s shaping up to be a comeback year for hybrid cars — and that’s partly because they’re now nearly as good as their conventional vehicles, according to a Ford executive. Continue reading

NIMBY! Don’t you dare build windmills where we can see them from the beach!

In November of 2020, the good people of the Garden State gave 2,608,400 votes, 57.34% of the total, to Joe Biden, and only 1,883,313, or 41.40%, to President Trump. One would think, then, that New Jerseyites must approve of Mr Biden’s plans to develop alternative sources of energy to generate electricity, right?

Atlantic Shores offshore wind farm in New Jersey would have 157 turbines and be 8.4 miles from shore

The U.S. Bureau of Ocean Energy Management will begin an environmental review of the Atlantic Shores project on Monday.

by Wayne Perry, Associated Press | The Ides of March 2024 | 1:39 PM EDT

ATLANTIC CITY — An offshore wind power project proposed for New Jersey would have 157 turbines and be located 8.4 miles from shore at its closest point, data released by the federal government Friday shows.

The U.S. Bureau of Ocean Energy Management said it will begin an environmental review Monday of the Atlantic Shores project. It released key details of the project in announcing the environmental review.

New Jersey energy regulators approved Atlantic Shores’ 1,510 megawatt project in 2021. It would generate enough electricity to power more than 700,000 homes.

The federal agency said the project’s operations plan proposes two potential export cable corridors that would make landfall in Sea Girt, N.J., with a second one either in Asbury Park or in the New York City area, possibly on Staten Island.

But naturally, there are plenty of people who are opposed, because, Heaven forfend!, they might be able to see the tops of some of the turbines, and the power cables running onto the shore, and sea birds might be killed, etc, etc, etc.

The groups Protect Our Coast New Jersey and Defend Brigantine Beach and Downbeach filed an appeal to the approval last week in state court, saying that power contracts granted to the project developers violate state law that mandates that any increase in rates for offshore wind must be exceeded by economic and environmental benefits to the state.

In 2020, New Jersey generated 65,060,636 MegaWatt hours of electricity, but used 74,442,735 MWh, meaning that the Garden State imported 14.42% of its total electricity consumption. With an average retail price of 14.80¢ per kWh, electricity was 19.74% higher than the national average of 12.36¢/kWh. Just as an economic calculation, one would think that the good, liberal voters of New Jersey would want this project. But no, they would prefer to import electricity from Pennsylvania, which exports 39.29% of the electricity it generates — primarily by burning natural gas — and West Virginia, which exports 41.79% of the electricity it generates, primarily by burning coal. Much better to do that than to possibly see the tops of the windmill blades from the beach!

Liberal New Jersey will need the electricity, too. As William Teach reported, the state plans to ban all fossil-fueled new car sales by 2035, the New Jersey Star-Ledger is demanding quicker action than that, and the majority of the voters in that heavily “blue” state just don’t want plug-in electric vehicles.

They will be made to comply, but they don’t want the sparktricity that they use generated anyplace where they can see it.