Renewable energy is surpassing fossil fuels for the first time in new power-plant investments, shaking off setbacks from the financial crisis….
Electricity from the wind, sun, waves and biomass drew $187 billion last year compared with $157 billion for natural gas, oil and coal, according to calculations by Bloomberg New Energy Finance using the latest data. Accelerating installations of solar- and wind-power plants led to lower equipment prices, making clean energy more competitive with coal.
Not only is Obama throwing hundreds of billions of dollars away on fraudulent investments like Solyndra, but we are not investing in actual energy infrastructure which will be needed in a few years. Romm of course is ecstatic about this.
Obama is doing exactly what he promised – making electricity prices skyrocket.