The Heritage Foundation recently published a faulty report on the economic effects of the EPA's forthcoming carbon pollution regulations, and its findings have been repeated uncritically in conservative media despite the foundation's fossil fuel funding and the report's "deeply problematic" analysis.
The Heritage Foundation released their new report, titled "EPA's Climate Regulations Will Harm American Manufacturing," just as House Republicans have been ramping up their latest effort to overturn the U.S. Environmental Protection Agency's (EPA) carbon pollution regulations. On March 6, the House passed a bill that would heavily weaken the Clean Air Act and would "seriously cripple the Obama Administration's ongoing drive to curb dangerous carbon pollution," according to Dan Lashof of the NRDC (the bill is not expected to pass the Senate). This is part of the GOP's effort to curb what they call President Obama's "war on coal," a slogan the Heritage Foundation repeats in their report.
Many of the criticisms of the EPA's carbon pollution rules are misleading, but perhaps none are more so than those from the Heritage Foundation, an organization whose studies have previously been criticized by even the conservative American Enterprise Institute and libertarian Cato Institute. This time the organization released a report on the EPA with findings even more dire than its prematurely released data: that carbon regulations will reduce income, kill nearly 600,000 jobs including 336,000 manufacturing jobs in 2023 alone, cut a family of four's income by $1,200 a year, and cost the U.S. economy a total of $2.23 trillion. Their claims were repeated uncritically in the Daily Caller, FoxNews.com, and Politico's Morning Energy. But the entire report is "radically problematic" and has a "tenuous connection with reality," according to policy expert Michael Livermore in a phone call with Media Matters -- and here's why:
The benefits of clean air standards have been shown time and time again to significantly outweigh the costs. In fact, the Clean Air Act has already saved $22 trillion in healthcare costs, according to a cost-benefit analysis from the EPA.
And health experts agree. According to a press release from the American Lung Association (ALA), the carbon regulations would help prevent "more than 16,000 premature deaths by 2030," due to lower levels of the particulate-forming pollution that comes from burning coal:
"Roughly half of the population in the United States currently lives in areas with unhealthy levels of air pollution that is linked to serious illnesses, including asthma attacks, lung cancer, heart attacks, strokes and even death. Children are particularly susceptible to the health effects of air pollution because their lungs are still developing. Carbon pollution that fuels climate change will make it harder to achieve healthy air for all.
"Researchers have estimated that safeguards enacted now to reduce greenhouse gases - including carbon pollution from all sources in the U.S. - would prevent more than 16,000 premature deaths by 2030. The lives would be saved as a result of reductions in the ozone, and particulate-forming pollution that is also reduced as carbon is reduced. Cleaning up carbon pollution from power plants is essential to saving those lives.
It seems the Heritage Foundation does not believe there will be any benefits to clean air, as they do not include any benefits in their analysis of the carbon pollution regulations.
Michael Livermore, Senior Advisor at New York University's Institute for Policy Integrity, explained in a phone call that "even as a cost prediction, [the report is] very inaccurate because it doesn't paint a complete picture about how the economy is going to respond." He expanded (edited lightly for clarity):
One reason it overstates the cost is because it doesn't account for productivity gains that are associated with clean air benefits [...] They're only looking at ways in which productivity might be reduced because of energy prices but they're not looking at ways in which productivity can be increased because people are healthier and live longer.
In addition to that, they're not accounting for -- as far as I can tell -- the various ways that in a dynamic economy, labor markets and technology will adapt to the agency's greenhouse gas regulations.
They assume that any transitions that occur within the energy sector will propagate out to other sectors of the economy and basically act like a shock that's going to reduce employment everywhere. And again, that's not really accurate, that's not how labor markets work, they're holding things constant like macroeconomic policy and the business cycle, all of which are other compounds that are going to affect the employment rate. So their model has a very tenuous connection to reality in terms of anything that's going to happen that they're predicting, with any degree of accuracy in terms of employment.
And in fact, other models which are more empirically grounded find that when you impose regulatory requirements on firms they're just as likely to hire more workers as they are to lay workers off -- and these are in the most highly regulated industries -- because you have to hire workers to comply with environmental statutes. So for example, yes, it might be the case that some coal miners might need to be laid off and need to transition to other forms of employment, but there's also going to be work building new gas fired power plants and energy efficiency retrofits.
So those two countervailing effects, for the most part, most serious economists will argue that our best estimate of the net effect is zero. That any of the employment effects are going to wash out. Because we don't know if there's going to be negative employment effects, but if there are, they're usually going to be associated with countervailing employment effects that are positive. And there's macroeconomic policy like interest rates, like government spending, like taxation, like trade, all of which are going to affect the employment rate far, far more than anything that's going to happen at the regulatory level.
In January 2014, Resources for the Future (RFF), a nonprofit that conducts independent research on environment and energy issues, published a report on the costs of carbon regulations under the EPA's Clean Air Act. They found, contrary to the Heritage Foundation, that the carbon standards will result in "very small changes in average electricity prices" as a likely outcome, and predicted "positive and large" net benefits in every scenario.
The Clean Air Task Force -- a public health and environment advocacy group comprised of engineers, scientists, and specialists -- similarly found in a February 2014 study conducted by The NorthBridge Group that a "highly cost-effective approach" to carbon regulations under the Clean Air Act is feasible:
Simply by setting performance standards that result in displacing electricity generated by high emission rate coal-fired power plants with generation from existing currently underutilized, efficient natural-gas power plants, the U.S. can realize significant, near- term reductions in carbon pollution at a minimal cost.
The analysis predicts that the CATF proposal will:
- Decrease by 2020 of 27%, or 636 million metric tons of CO2, from 2005 levels;
- Avoid 2,000 premature deaths and 15,000 asthma attacks annually as a result of the annual reductions of over 400,000 tons in sulfur dioxide (SO2) emissions and nitrogen oxides (NOx) emissions in 2020;
- Result in monetized health and climate benefits of $34 billion, which is over three times the cost of compliance;
- increase in average nationwide retail electric rates by only 2% in 2020 which, based on Energy Information Administration forecasts, should result in no net increase in monthly electric bills.
Finally, the Natural Resources Defense Council crafted a proposal to support the EPA's goal of reducing carbon emissions, resulting in net benefits that outweigh the costs "as much as 15 times."
MSNBC host Chris Hayes blasted the myth that expanding unconventional energy sources in the U.S. will weaken Russia, an "absurd" claim that has been perpetuated by conservative media to pin the security crisis in Ukraine on President Barack Obama.
Conservative media are manipulating the Ukraine crisis to push a "drill, baby, drill" agenda, claiming that approving the Keystone XL pipeline and expanding the use of hydraulic fracturing ("fracking") will somehow weaken Russian President Vladimir Putin's influence in Ukraine. They are calling for expanding development of natural gas in the U.S. (including by the environmentally-contentious use of fracking) to ease the concern that Putin may cut off the natural gas supply to Ukraine and subsequently affect natural gas prices in Europe and around the globe.
Liquefying, exporting, and re-gassifying natural gas is more carbon intensive than domestically consuming it, and would likely drive up the price of natural gas in the U.S., so some oppose permitting further LNG export terminals -- at least until fugitive methane emissions are reigned in. Despite concerns, the Obama administration has permitted several LNG export terminals and is expected to permit more. Republicans and the oil and gas industry complain that it's still not fast enough. However, as LNG is very expensive, reports have suggested that even if they were approved, many LNG export terminals probably won't even be used, or at least not for years -- far too late to address the Ukraine crisis. MSNBC's Chris Hayes and his guest Dan Dicker, CEO of wealth management group MercBloc, explained on the March 5 edition of All In with Chris Hayes:
DICKER: The Russians do have a major control, major influence, on most of eastern Europe through natural gas. But we have to distinguish between natural gas -- which is a gas -- and crude oil which is a liquid. If you want to move a liquid from one place to another, you put in the a dixie cup and you can move it any way you like. Natural gas has two ways of being transported, one is through pipelines. Now, the United States can do nothing in terms of creating a pipeline to all of these eastern European nations.
The only other way you can get it across, and what they're talking about is permitting, is through what we call LNG, which is liquid natural gas. It needs to be cooled, natural gas, to be transported as LNG needs to be cooled to a minus 260 degrees Fahrenheit then put in very, very carefully into very select containers that you can now transport overseas. This costs a lot of money. This is why permitting -- you could permit all of the natural gas export plants you want, there are very few energy companies who are going to undertake building these things, they cost $2 billion to convert an import plant into an export plant.
Fox News is using the crisis in Ukraine to push for the Keystone XL pipeline, an argument that an energy expert called "patently absurd."
In response to Russia's occupation of Ukrainian territory in the Crimean peninsula, Fox News personalities have been pushing for the Keystone XL pipeline to be built on an accelerated timetable, claiming that it would "weaken" Russia. But their argument has no basis in reality, as the pipeline could not realistically be built in a timetable sufficient to respond to the imminent crisis, and the tar sands oil it would deliver would not dent the global market enough to impact Russia. Energy analyst Chris Nelder explained in an email to Media Matters:
Keystone XL proponents will seize on any shred of justification for the project, no matter how tenuous. The suggestion that a very long-term project like Keystone XL, which will take a year or more to construct on any timetable, and which will deliver refined products like gasoline and diesel to a global market -- not just markets around Russia -- would somehow address the immediate situation in Crimea, is patently absurd. Further, delivering 830,000 barrels per day once it reaches full capacity will not meaningfully undercut Russia specifically in a global market that consumes 92 million barrels per day.
Yet at least six Fox News hosts and contributors have used the crisis in Crimea to push a pro-tar sands agenda:
O'Reilly: Build Keystone Pipeline To Weaken Russia. Fox News host Bill O'Reilly said that "the Keystone pipeline must be approved. Why? Because Russia is blackmailing Europe over energy ... the more oil and natural gas the U.S.A. and Canada can produce and distribute, the weaker Russia becomes on the world stage. I fervently hope President Obama understands that."
KT McFarland: Obama Should Tell Putin: "I Will Allow Keystone Pipeline To Go Ahead": In an opinion piece for FoxNews.com, Fox News foreign policy contributor KT McFarland wrote a mock conversation on what she hopes Obama told Putin during their March 1 phone call:
I will allow the Keystone Pipeline to go ahead, again on an accelerated basis. That will not only give a boost to the American and Canadian economies, it will start driving down the price of oil.
McFarland made a similar argument on-air when she suggested "go[ing] after the economic weapon: Build the Keystone pipeline."
Fox News hosts are attacking Apple for defending its green energy measures against right-wing activists. However, Apple is simply the latest business to realize the strategic value of sustainability -- a list that includes Fox's own parent company.
On Friday, the right-wing National Center for Public Policy Research urged Apple CEO Tim Cook at a shareholder meeting to pledge to end all environmental initiatives that didn't lead to a return on investment (ROI), complaining that Apple was concerned with the "chimera" of "so-called climate change." Cook responded that Apple's environmental efforts make economic sense, and that those who want Apple to blindly pursue profit regardless of societal impact should "[g]et out of this stock." Cook added, "When we work on making our devices accessibleby the blind, I don't consider the bloody ROI."
Cook's righteous indignation didn't sit well with Fox News and its sister network Fox Business, which accused him of putting "politics before profits" and "ideology ahead of the shareholders." Fox News host Sean Hannity even announced that he's going to drop his stock after Cook's announcement.
Hannity's bizarro version of the fossil fuel divestment movement would have to extend to Fox News' parent company 21st Century Fox as well. Chairman Rupert Murdoch has trumpeted FOX's efforts to "become carbon neutral" and the corporation touts sustainability efforts at Fox News and Fox Business.
Sustainability is not only smart public relations, but also key in long-term planning for businesses according to business leaders such as McKinsey and Co. A recent report by the investor group Ceres found that clean energy investments must reach $1 trillion a year (a "Clean Trillion") in order to have an 80 percent chance of avoiding global warming of more than two degrees Celsius (3.6 degrees Fahrenheit) -- a measure deemed necessary by international governments at the Copenhagen climate conference to avoid the most catastrophic impacts of climate change. However, without greater commitments to addressing climate change, we face the potential of 4 degrees Celsius (7.2 degrees Fahrenheit) warming, which would severely disrupt global supply chains including food stocks. That is one reason why companies such as Apple are recognizing the risks climate change poses to their businesses and turning toward cleaner sources of energy.
This is not the first time Fox News has politicized voluntary corporate social responsibility measures. Earlier this month, Fox News criticized CVS for announcing it would stop selling cigarettes, asking if it was potentially illegal for the pharmacy chain to do so.
In response to a new Environmental Protection Agency (EPA) regulation on sulfur in gasoline, Fox News misinformed viewers about the health benefits of reducing sulfur, which contributes to smog, and overstated even the claims of the oil industry about the costs of the rule.
Conservative media are latching on to the climate change denial of Patrick Moore, who has masqueraded as a co-founder of Greenpeace. But Moore has been a spokesman for nuclear power and fossil fuel-intensive industries for more than 20 years, and his denial of climate change -- without any expertise in the matter -- is nothing new.
Numerous local newspapers failed to identify the fossil fuel funding behind Thomas Pyle, president of the American Energy Alliance, while allowing him to publish op-eds across the country misleadingly attacking a potential tax credit for wind power, while ignoring subsidies for the oil and gas industries.
Reuters' climate coverage has continued to drop significantly under the regime of its new "skeptic" editor, with less than half the amount of climate coverage compared to before the editor took over, according to a Media Matters study. This finding comes despite two major reports on climate science that occurred during this period, suggesting that the paper's "climate of fear" may have persisted.
A massive spill of toxic coal ash in a North Carolina river on February 2 has been entirely ignored by ABC, CBS and NBC. The spill has led to a federal investigation and allegations that the state's Governor -- who worked for the corporation behind the spill and has received substantial campaign donations from it -- has been too lenient on the company, which was discovered to have spilled coal ash into the river again on February 18.
Each year, Republican Senator Tom Coburn releases a "Wastebook" reviewing government projects that he views as wasteful, and each year, the media eagerly promote his report. Yet television news ignored a report by the nonpartisan Government Accountability Office (GAO) finding that U.S. taxpayers are being stiffed by coal companies buying federal land for less than its worth, which a previous report estimated has cost taxpayers nearly $30 billion over the last 30 years.
On Tuesday, the GAO found that the Bureau of Land Management was not adequately documenting reasons for accepting bids below the determined market value. Furthermore, as many states are not considering exports in their market value analyses, they may be underestimating the value in the first place. Sen. Edward Markey (D-MA), who requested the study, stated that "Given the lack of market competition in coal leases" -- the GAO found the vast majority did not have a single competitor, as seen in the chart below -- "if the fair market value set by Interior is low, it can lead to significant losses for taxpayers. For instance, for every cent per ton that coal companies decrease their bids for the largest coal leases, it could mean the loss of nearly $7 million for the American people."
Based on the report, Sen. Markey's office estimated that recent leases could have yielded an additional $200 million in revenue and "possibly hundreds of millions more." A previous report from the Institute for Energy Economics estimated that selling federally-owned coal for less than fair market value has cost taxpayers $28.9 billion in lost revenue over the last 30 years. That finding adds to the economic damages that coal pollution and disasters exact on the economy. A 2011 study, for instance, found that air pollution from coal-fired power plants imposes more costs on society than the value added to the economy by the industry -- and that study did not include climate change damages. Recently, the spill of a chemical used to clean coal in West Virginia cost the local economy $61 million, according to a preliminary study that did not include the cost of clean-up or emergency expenditures.
Yet none of the major television networks covered the GAO report confirming that coal companies are underpaying the federal government*.
The "Wastebook" received considerably more attention when it was released in December 2013, drawing uncritical coverage from all the major television networks except MSNBC (ABC, CBS, CNN, and Fox News uncritically touted the report at least once, and NBC hosted Sen. Coburn where he raised the report without pushback). LiveScience reported that nearly a quarter of the projects Sen. Coburn's office listed in 2013 were science-related and that the "Wastebook" often distorts the studies. Last year, for instance, Fox News promoted the Wastebook's attack on a "government study" on Tea Party intelligence that was actually a non-government funded blog post. CNN's S.E. Cupp and others also attacked a study of duck penises included in the "Wastebook," contributing to the pattern of basic research being cut in the face of what MSNBC's Chris Hayes called "ignorant mockery."
Fox News host Sean Hannity has asserted 192 times that he and other Republicans do not want "dirty water." Yet he has not once covered the recent coal-washing chemical spill that left 300,000 West Virginia residents with no tap water to drink or bathe in -- an incident made more likely by the anti-regulation policies he supports.
On January 9, a storage tank at a Freedom Industries facility in West Virginia holding chemicals used to "clean" coal leaked into a river located near a water-treatment center. Residents noticed a strong odor soon after and were told to stop using their water.
The incident outraged many, but Hannity has instead focused his ire at those warning that Republican-backed deregulation would put people at risk of dirtier air and water. He has decried those saying these policies would lead to "dirtier air, dirtier water" 192 times*, calling the warnings "absurd and irresponsible scare tactics" and a vicious "lie." In fact, Hannity has wholeheartedly supported allowing more coal and enforcing fewer regulations -- a plan that could lead to more disasters like the one in West Virginia that he has ignored**.
Here are the five most infuriating things about the West Virginia spill that a self-declared "clean water" defender could have covered:
1. The company behind the spill is avoiding liability by filing for bankruptcy. MSNBC host Chris Hayes described how Cliff Forrest, the owner of the Freedom Industries who previously handed out "stop the war on coal" signs attacking President Barack Obama, filed for bankruptcy while opening another company that could take over "a big chunk of Freedom Industries' assets":
2. The company initially failed to disclose a second chemical in the water. The public only learned about the second chemical 12 days after the leak, as the company had originally told state regulators that the chemical was "proprietary" information. The Centers for Disease Control said that information about the chemical is "limited" but that they didn't anticipate any new health concerns.
3. West Virginia residents still aren't sure if their water is safe. After five days of not being able to use their water, residents were told by West Virginia American Water that the water was safe to drink. However, two days later, the Centers for Disease Control and Prevention (CDC) stated that pregnant women should not drink the water. Hospital admissions have doubled since the ban was lifted, and many health experts have said that not enough is known about the chemical to state definitively that the water is safe to drink or bathe in. West Virginia Governor Earl Ray Tomblin said of the water supply, "it's your decision ... I'm not a scientist."
4. There's a bill that might've stopped all of this. There are more than 62,000 chemicals that have not been publicly tested, including the chemical that spilled in West Virginia, which hampered authorities' attempts to assess and address the health risks it poses. The Safe Chemicals Act, opposed by the chemical industry, would address this by requiring companies to prove a chemical's safety before selling it.
5. But water pollution laws on the books aren't even being enforced. A 2009 New York Times investigation found that "In the last five years alone, chemical factories, manufacturing plants and other workplaces have violated water pollution laws more than half a million times. The violations range from failing to report emissions to dumping toxins at concentrations regulators say might contribute to cancer, birth defects and other illnesses. However, the vast majority of those polluters have escaped punishment."
Fox News thinks it's "heartbreaking" that a "one-sided" pro-fracking film was rejected from a film festival in Minnesota, questioning the right to "freedom of speech." But the screening was canceled simply because it did not live up to the festival's standards.
On January 23, Fox and Friends hosted Phelim McAleer, director of the pro-fracking film called FrackNation, to complain about the film's cancellation from the Frozen River Film Festival. Co-host Elisabeth Hasselbeck lamented that the cancellation "has to just be heartbreaking," that Ireland-native McAleer came to America "to express [his] freedom of thought [and] expression." In McAleer's eyes, the festival organizers "don't want the people of Minnesota to be exposed to an alternative point of view." Co-host Steve Doocy ended the segment by asking, "Freedom of speech? You be the judge."
Doocy has previously answered his own question, acknowledging that "a private company can do anything they want" and it's "not [a] free speech [issue]."
A chyron during the segment stated that "MCALEER REJECTED INDUSTRY FINANCING FOR FILM." However, a review by the Pittsburgh Post-Gazette found that "scores of energy industry associates" donated to the film's Kickstarter campaign, which was promoted by several pro-industry lobbying groups. What's more, McAleer and his co-director Ann McElhinney previously produced two anti-environment films openly funded by the fossil fuel industry. They are both listed as "experts" on the Heartland Institute's website, an organization infamous for climate change denial. It's no wonder that the San Francisco Chronicle previously dubbed McAleer "climate denial's Michael Moore" for his misleading film portraying global warming as "junk science."
The festival organizers cited the film's industry ties as one reason that they decided to cancel it, following in the footsteps of the Sundance Film Festival and Telluride's Mountian Film Festival (Frozen River's partner festival).
While Fox News noted that the film was called "methodically researched" by the New York Times, other movie reviewers have panned it. A Los Angeles Times review called it a "one-sided attack piece" that "doesn't add much to the conversation." The New York Daily News gave it a whopping one-star review, and wrote, "the accuracy of this crowd-sourced documentary -- funded by small donations on Kickstarter -- seems as reliable as a Wikipedia entry."
Fox News' Neil Cavuto continued to ignore the desperate need for infrastructure investment in the United States, repeatedly arguing instead that the government is stealing or misappropriating existing resources.
On the January 13 edition of Fox News' Your World, host Cavuto invited former Secretary of Transportation Ray LaHood to discuss proposals to raise the federal gas tax to fund construction, repair, and renovation of America's crumbling transportation infrastructure. Rather than acknowledging the need to raise revenue to fund necessary projects, Cavuto made the unsubstantiated claim that federal, state, and local funds for infrastructure investment are being stolen or abused:
The paranoid and unsupported claims made by Cavuto during the segment echo his comments from a contentious December 3 interview with Representative Earl Blumenauer (D-OR). On both occasions, Cavuto claimed without evidence that "someone" in the government had "stolen," "abscond[ed]," or "[run] off with" billions of dollars earmarked for vital improvements to roads, bridges, dams, and other infrastructure systems.
Once again, the only proof that Cavuto provided to support his claims is the fact that American infrastructure is in a state of disrepair. As Media Matters has shown in the past, the dilapidated condition of America's infrastructure is entirely the result of insufficient funding, not the alleged fraud, theft, or misappropriation suggested by the Fox host.
According to the American Society of Civil Engineers (ASCE), the public infrastructure of the United States earned a D+ grade in 2013 and is in need of $3.6 trillion worth of investments and upgrades by 2020. The ASCE estimates the cost of modernizing only America's bridges to be $121 billion, roughly equivalent to all of the revenue streams cited by Cavuto as excessive and wasteful during his tirade against the gas tax.
The reason that former Secretary LaHood, Representative Blumenauer, and others advocate raising the gas tax is precisely because the amount currently raised and spent by the federal government on infrastructure investments is too small. The federal tax, which has not be raised in 20 years, is one of many proposals to close this funding gap.
Instead of engaging in a substantive and important policy discussion, Fox News would rather promote its own narrative that all federal spending is riddled with fraud and abuse.
Environmental Entrepreneurs (E2), a national community of over 850 business leaders, is calling on CBS to correct their most recent 60 Minutes report, "The Cleantech Crash." Simultaneously, a climate change advocacy group is calling for CBS to appoint a public editor to investigate its one-sided story, which followed a string of poor reporting from the program.
"The Cleantech Crash" aired on the January 5 edition of CBS' 60 Minutes, and shortly thereafter drew wide criticism from members of the clean energy industry and among energy reporters. In the segment, correspondent Lesley Stahl wondered if clean tech has become a "dirty word," and concluded,"instead of breakthroughs, the [clean tech] sector suffered a string of expensive tax-funded flops." But critics have pointed out that Stahl focused too narrowly on the failure of a few companies and ignored most of the industry's success. In an interview with Media Matters, San Francisco Chronicle energy reporter David Baker called the segment "a pretty poor piece of journalism," adding, "There are areas of this field that are hurting, but there are others that are doing very, very well."
E2 is now asking CBS producers for a correction to the "misguided" report, writing, "it was shocking for those of us who know about creating businesses, jobs and clean energy to see a respected news organization get this story so wrong in so many ways." They concluded:
The litany of factual mistakes and distortions in 60 Minutes' piece cries out for a correction. While the networks by tradition are strangers to the concept of a public mea culpa, setting the record straight would continue CBS's more responsible position of owning up to the facts.
At the same time, Forecast the Facts, a climate change advocacy group, is calling for 60 Minutes to appoint a public editor to investigate the "Cleantech Crash" segment and ensure that "all future reporting serves the public interest." The group organized a petition to be delivered to Jeff Fager, chairman of CBS News and executive producer of 60 Minutes, asking him to "hire a Public Editor to investigate the broadcast immediately and ensure 60 Minutes' climate reporting is accurate." The petition already has thousands of signatures.
In its latest piece of shoddy journalism, CBS News' 60 Minutes is labeling cleantech a "dirty word" by ignoring the overall success rate of clean energy investments.
In October, 60 Minutes aired a report criticizing the response to the attacks on the U.S. diplomatic facilities in Benghazi, Libya, which eventually had to be pulled as it relied on an untrustworthy "witness" who apparently fabricated his story. Two months later, the news program was widely criticized for a one-sided report on the National Security Agency's surveillance program.
In another one-sided report on Sunday, 60 Minutes reporter Lesley Stahl concluded that "instead of breakthroughs, the [cleantech] sector suffered a string of expensive tax-funded flops" after stimulus investments, including the Department of Energy's loan guarantee program. However, 60 Minutes simply ignored the cleantech breakthroughs that did occur in order to advance this misleading narrative. Here are four facts CBS left out of the story:
1. The DOE Loan Program Has A 97% Success Rate. In July 2012, the former head of the loan guarantee program testified to Congress that funds that went to bankrupt companies represented less than 3 percent of the total Department of Energy portfolio. In other words, the program so far has a 97-percent success rate, far better than that of venture capitalists.
2. Solar And Wind Have Had Big Wins In Recent Years. 60 Minutes made passing mention of Tesla Motors' success after receiving a federal loan guarantee. However, it left out many other successes -- such as SolarCity -- in its myopic focus on Solyndra and other bankrupt companies. Robert Rapier, an energy expert who contributes to the Wall Street Journal and was interviewed for the special, stated on Twitter that he "gave successes they didn't air" and told 60 Minutes "the future is solar power." In 2012, renewable energy was the largest source of new electric capacity, led by wind power. These charts from the Department of Energy highlighted by Think Progress show that as the costs of solar and wind power have decreased, installations have jumped:
3. In Addition To These Strides, Cleantech Jobs Were Created. Stahl claimed that "Everything I've read there were not that many jobs created." However, she never mentioned any actual figures for viewers to assess. The loan program office estimates that its investments have created or saved approximately 55,000 direct jobs.
4. Climate Change Necessitates Cleantech Investments. As energy reporter Dana Hull pointed out, 60 Minutes did not even make a passing mention of climate change. Instead, the program touted the rise of natural gas saying that it was "relatively clean." However, experts from Massachusetts Institute of Technology and the Council on Foreign Relations have noted that without significant investment to scale up renewables, climate change will continue apace.
UPDATE (1/6/14): Energy expert Robert Rapier told Think Progress that the 60 Minutes report selectively aired his comments, leaving out his response to Stahl's first question that highlighted the successes of solar and wind power and emphasized that Stahl's question, "Clean tech is dead. What killed it?" was based on a false premise. From Rapier's interview with Think Progress:
The first question Lesley Stahl asked me - "Clean Tech is dead. What killed it?"
I immediately said, "Clean tech is not dead." There are many parts of clean tech that are doing very well - solar power is growing by leaps and bounds, prices are plummeting, wind power is growing exponentially.