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Max Greenberg

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  • Wall Street Journal Hosts More Wind Myths

    ››› ››› MAX GREENBERG

    A Wall Street Journal op-ed authored by a staffer of the industry-funded Heartland Institute claimed that "[p]hysical limitations" will not allow wind to become a major source of our power. However, he ignored recent positive developments for the wind industry and areas where further innovation can help wind capacity further grow.

  • Fox Reverses Success Of Clean Car Loans

    Blog ››› ››› MAX GREENBERG

    Fox News falsely suggested that 56 percent of car companies that received loans through the same government program as electric automakers Tesla and Fisker have failed. In fact, most of the automakers are up and running -- 56 percent of those that asked for loans have gone under, indicating that the Department of Energy exercised due diligence in reviewing applicants.

    This week, Fox & Friends Sunday claimed that "56% Of Carmakers Who Got Federal Help Fizzled," citing a Daily Caller story on the Advanced Technology Vehicle Manufacturing (ATVM) loan program. Co-host Tucker Carlson, who also serves as editor-in-chief at the Daily Caller, later opined "If I run a venture capital firm ... and in four years, 56 percent of the companies I invest your money in go bankrupt ... I would be in deep trouble." He concluded, "the government should not be in the venture capital business. They're not good at it."

    However, Fox News reversed the success of the program: 56 percent of the identifiable car companies that applied for loan guarantees have ceased operations, but most of the car companies that received these loan guarantees are up and running. Venture capitalists, on the other hand, expect a successful investment strategy to yield a 70 percent failure rate

  • Fox Reporter Conjures Mystery Numbers For New Tesla Attack

    Blog ››› ››› MAX GREENBERG

    Source: AutoBlog

    Still in search of ways to attack the federal government's investments in green technology, Fox Business baselessly claimed that the battery for the all-electric Tesla Model S "conks out after about 16 miles." In fact, the car is noted for its 200-mile battery range, which is superior to that of other electric vehicles on the market. 

    Positive developments about Tesla Motors' fortunes have been selectively covered by media of late, and the increasing likelihood that the company will be a long-term success has led some outlets to seek ever more inventive ways of criticizing the Department of Energy loan that it received (or pretend it never got a government boost at all). On Thursday's edition of Varney & Company, Fox Business reporter Elizabeth MacDonald aptly illustrated this phenomenon, claiming that Tesla Motors and Space X founder Elon Musk "has got to fix the Tesla [Model S] battery ... which conks out after 16 miles or about a half-hour of usage."

    However, the Model S has actually been touted as a potential "game-changer" for its stated range of either 206 or 265 miles when fully charged (depending on which of the two batteries owners choose). At a consistent 55 mph clip, the larger battery can exceed a 300-mile range. Actual numbers may vary, as Tesla points out, according to "driving conditions and how you drive and maintain your vehicle," but the company's online tool shows a range of just over 150 miles for the smaller battery even at 65 mph, at freezing-point temperatures, with heat and headlights turned on and windows rolled down (i.e. less-than-favorable mileage conditions). The notoriously tough car reviewers at Consumer Reports, which earlier gave the Model S a near-perfect rating, cautioned that the car's actual range may not always align with the stated range, but reported nothing close to what MacDonald claims.

    In fact, no one anywhere has reported a 16-mile battery range for the car according to Nexis searches -- not even John Broder, in his hotly-contested New York Times test drive.

    In 2011, MacDonald also appeared to pull a figure out of thin air to attack green energy investments, claiming that Evergreen Solar received "$43 million in federal money," when the bankrupt company had actually not received any federal money, according to The New York Times.

    UPDATE (5/31/13): Elizabeth MacDonald acknowledged Friday on Varney & Company that she "gave incomplete information" on the battery range of the Model S, noting that one hour of charging using a mobile connector will add 31 miles to the car's range, while the fully-charged 85 kw battery has a range of 300 miles.

  • After Hyping Solyndra, TV News Ignores Tesla's Loan Repayment

    Blog ››› ››› MAX GREENBERG

    Source: Motor Trend

    The news that electric carmaker Tesla Motors has repaid its federal loan early is being ignored by some of the same outlets that tried to make the bankrupt solar company Solyndra the face of the Obama administration's green initiatives -- including ABC, which suggested Tesla wouldn't be able to repay its loan.

    On Wednesday, Tesla announced that it was paying back its $465 million Department of Energy loan with interest. The move came about nine years ahead of schedule and is expected to net taxpayers somewhere in the range of $15 to $26 million. Once derided as a "loser" by then-presidential candidate Mitt Romney and a "failure" by Fox News, Tesla is now profitable and critically-acclaimed.

    Yet many in the media have ignored Tesla's loan repayment, which flies in the face of the media narrative that Solyndra was representative of the Department of Energy's loan guarantee program. Fox News, CNN, MSNBC, ABC and NBC have so far failed to cover Tesla's loan repayment (CBS gave a news brief on its morning news show). An analysis by Media Matters showed that those same outlets (excluding CBS) devoted 188 segments totaling over 10 hours to Solyndra in the month after the company suspended operations, as seen in these charts comparing coverage to that surrounding a government corruption case at the Minerals Management Service and a report on military contracting waste and fraud:

    The bout of positive news surrounding Tesla follows several skeptical media reports about its fortunes. In 2011, ABC suggested that "Tesla's business plan doesn't work" and thus it wouldn't repay its loan:

    Since that segment, a Nexis search shows that neither Nightline nor any other primetime ABC News show has followed up with a report on the company's fortunes.

    UPDATE (5/31/13): On the May 30 edition of The Last Word With Lawrence O'Donnell, MSNBC covered Tesla's loan repayment in a report on the successes of the clean energy loan programs. The only other coverage of the loan repayment from the networks above came on the May 25 edition of Fox News' The Journal Editorial Report, when Wall Street Journal editorial board member Kimberly Strassel mentioned it while suggesting Tesla might not be "sustainable" in the long run.

  • VIDEO: Fox's Tesla Re-Coil

    Blog ››› ››› MAX GREENBERG

    Fox News and Fox Business previously portrayed electric carmaker Tesla Motors as another "failure" of the Obama administration's green energy investments. But since it is now clear that the company is doing well, both networks have developed amnesia about its federal loan, with Tucker Carlson claiming that "they don't take any government subsidies at all."

    Tesla recently reiterated its plans to repay a loan granted through the Department of Energy's Advanced Technology Vehicle Manufacturing program ahead of schedule. This followed a series of positive developments, including the company's first quarterly profits and a shining review of the Model S sedan by Consumer Reports. Financial services firm Morgan Stanley recently told Raw Story that "Many funds approach an investment opportunity by first asking: does the company do something better or cheaper than anybody else? Tesla is beginning to convince the market it may do both."

    But no matter how Tesla fares in the coming years, it seems likely that Fox News will change its reporting to follow suit. In 2012, Fox News' claim that Tesla was a "failed" company was eventually adopted by the campaign of then-presidential candidate Mitt Romney. Later, Fox News admitted Tesla was a "success", eventually forgetting its federal loan in the process.

    Video created by Max Greenberg and John Kerr.

  • Fox Gushes Over Tesla With No Mention Of Federal Support

    Blog ››› ››› MAX GREENBERG

    Source: Motor Trend

    The success of Tesla Motors complicates Fox News' narrative about green energy investments, but the network has a strategy: simply ignore the fact that the company received a federal loan.

    Tesla, a leading electric automaker, received a $465 million loan guarantee from the Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) program in 2010. The company has since become a fixture in car magazines and one of the most conspicuous successes of the Obama administration's green energy policies, recently announcing that it intends to pay back the loan five years ahead of schedule and reporting its first quarterly profits. On the heels of the latter news came word that the notably tough reviewers at Consumer Reports had given the Tesla Model S sedan a 99 out of 100 rating, proclaiming "we've never seen anything quite like the Model S. This car performs better than anything we've ever tested before." 

    On Friday, Fox News reported the quarter one profits -- "encouraging" -- and the positive review, pronouncing the automaker a "huge success."

    One major problem: somehow, Fox News neglected to mention the federal loan guarantee program that helped Tesla obtain vital capital to develop the Model S. By contrast, Fox News has repeatedly used a negative Consumer Reports review of Fisker's hybrid electric Karma sedan as a hook to attack the Obama administration's green loans, without mentioning successes like Tesla or the money that Congress set aside to cover losses, knowing that not every company would succeed.

  • Fox Slams Natural Gas Cars It Once Defended

    Blog ››› ››› MAX GREENBERG

    Source: Automotive.com

    Fox News' Stuart Varney portrayed a natural gas automaker as a "green energy failure," even though he pushed the federal government to make transit agencies buy vehicles from the same company only a few months prior.

    Vehicle Production Group (VPG), a Michigan-based company that makes wheelchair-accessible vans, recently ceased operations and closed its offices. The company, which had drawn attention for designing the first vehicle specifically for people with disabilities, was awarded a $50 million conditional loan commitment in 2010 to develop vans with natural gas engines as part of the Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) program.

    On Wednesday, Varney depicted the company as "the latest embarrassment for the [Obama administration's] green energy policy" on Fox & Friends:

    But Varney did not mention that VPG received its loan under a program that President George W. Bush signed into law, or that the natural gas vehicles it was intended to subsidize are a component of T. Boone Pickens' energy plan, which Fox News personalities have previously supported. Pickens funded and advocated for VPG himself.

  • After Tesla Becomes A Success, Fox Forgets Its Federal Loan

    Blog ››› ››› MAX GREENBERG

    In recent weeks, Fox News has admitted that electric carmaker Tesla Motors is a "success story" -- but now the network suddenly has amnesia about the federal assistance that helped it succeed. 

    On Friday, Fox News anchor Jon Scott hosted Wall Street Journal automotive industry reporter Joseph White to discuss Fisker, an electric carmaker beset by financial troubles after receiving support from the Department of Energy's Advanced Technology Vehicles Manufacturing program. Scott suggested Fisker is representative of the DOE's loan guarantee program, adding: "Meantime, there's another company, Tesla, smaller company, did not get a government loan as far as I'm aware ... Tesla seems to be making a go of it so far."

    White quickly corrected Scott, pointing out that Tesla actually received the same type of government loan guarantee that Fisker did. Indeed, Fox News previously used government assistance for Tesla as an example of supposedly "Failed Green Energy Policies," a characterization then-presidential nominee Mitt Romney later echoed.

    However, recent events have forced even Fox News to admit that Tesla is a "success story." Tesla's Model S electric sedan was named car of the year by both Automobile and Motor Trend and is en route to exceeding corporate sales goals. The company has also announced that it turned a profit in the first quarter of 2013 and plans on paying back its DOE loan five years early.

    UPDATE (4/26/13): When covering a negative review of Tesla's car, however, Jon Scott did remember that Tesla was government-funded, stating in February 2013, "we are all sort of co-owners of Tesla -- that company got hundreds of millions of taxpayer dollars as part of the president's, you know, green energy thing":

  • Fox Falsely Connects Fisker Loan To Stimulus

    Blog ››› ››› MAX GREENBERG

    Source: AutoblogGreen

    Fox News is using the struggles of electric automaker Fisker to smear the stimulus, even though the company received its loan from a completely separate Bush-era program, and both have created jobs.

    On Thursday's Fox & Friends, Fox Business correspondent Charles Gasparino incorrectly claimed that Fisker received stimulus money, adding "when you use stimulus money, you're supposed to create jobs":

    However, the Department of Energy's Advanced Technology Vehicles Manufacturing (ATVM) program is separate from the 2009 stimulus package signed into law by President Obama. Rather, it was enacted with broad bipartisan support in 2007 to award loans encouraging "meaningful improvements in fuel economy performance." More than half of that money went to improve the technology of conventional gasoline-fueled vehicles, but some went to support pioneering hybrid and electric cars. Since then, some of the latter, like the Tesla Model S and Nissan Leaf, have been successful.

    While the primary focus of ATVM was different than that of the stimulus, the program has still supported more than 35,000 jobs.

    In making the false connection, Fox News once again mischaracterized the Obama administration's stimulus package, which private analysts have estimated increased both GDP and overall employment.

  • Bloomberg Conceals Fisker Loan's Bush-Era Roots

    Blog ››› ››› MAX GREENBERG

    Source: Car and Driver

    A Bloomberg article on troubled electric automaker Fisker reports that the company's co-founder was first encouraged by the Department of Energy to pursue its federal loan guarantee, but never clarifies that those overtures, as well as the loan program itself, began during the Bush administration.

    Reporting on testimony by Henrik Fisker at a House committee hearing, Bloomberg wrote that the former executive "applied for taxpayer financing after being encouraged to by the Energy Department."

    However, Bloomberg failed to note Fisker's statement that he was approached about the Advanced Technology Vehicles Manufacturing (ATVM) program during the Bush administration, even as it quoted a Republican congressman suggesting the Obama administration had chosen the company inexplicably. From Fisker's testimony:

    In January 2008, Fisker Automotive showed the concept car for the Kanna at the North American International Auto Show in Detroit. Soon after, I was approached at a sustainability conference in California by Mr. John Mizroch, the then-Acting Assistant Secretary of the U.S. Department of Energy's Office of Energy Efficiency and Renewable Energy. We discussed the technology that Fisker Automotive was developing and he encouraged the company to apply for a loan from the Advanced Technology Vehicles Manufacturing program (ATVM). Fisker continued its conversations with the Department and the company applied for a loan at the end of 2008. At that time, we already had significant financial backing from private investors.

    As noted by Politifact in 2012, Fisker also applied for the loan guarantee under George W. Bush, who had signed the program into law after it received broad bipartisan support: