Wall St. firm behind slow solar pace on federal lands?

[IDemo]

Goldman Sachs subsidiary bought lots of leases — but hasn't used them

By Jason Dearen
updated 5 minutes ago

ROACH DRY LAKE, Nev. — Not a light bulb's worth of solar electricity has been produced on the millions of acres of public desert set aside for it. Not one project to build glimmering solar farms has even broken ground.

Instead, five years after federal land managers opened up stretches of the Southwest to developers, vast tracts still sit idle.

An Associated Press examination of U.S. Bureau of Land Management records and interviews with agency officials shows that the BLM operated a first-come, first-served leasing system that quickly overwhelmed its small staff and enabled companies, regardless of solar industry experience, to squat on land without any real plans to develop it.

At a time when the nation drills ever deeper for oil off its shores even as it tries to diversify its energy supply, the federal government has, so far, failed to use the land it already has — some of the world's best for solar — to produce renewable electricity.

http://www.msnbc.msn.com/id/38956835/ns/us_news-environment/

[skids]

1. Disgusting. If you can still edit...

I think Goldman Sachs name should be in the headline.

[w4rma]

2. Goldman Sachs is the devil! (nt)

[femrap]

3. And I'm sure the

Oil Boyz paid them handsomely to do so.

[XemaSab]

4. Anyone dissing Goldman Sachs for this should read the whole article

Solar energy companies are all shysters. Seriously.

It's a big scheme to get investment dollars.

[Nihil]

5. You've had this problem before haven't you?

http://en.wikipedia.org/wiki/Carpetbagger

:grr: