Tuesday, January 7, 2014

Crash (Goes CBS "News")

Did you know "Cleantech" has crashed? We didn't. But apparently, it did... Because CBS "News'" "60 Minutes" told us so.

As of late, it seems like the once revered flagship "TV news magazine" has been receiving a "fair & balanced" makeover. CBS News is still under fire for the now infamous "60 Minutes" Benghazi report that turned out to be nothing but an error filled attempt to sell a book. And now, CBS is also in the hot seat over a recent "60 Minutes" report on Amazon's new drone program that turned out to be nothing but an Amazon infomercial. Yet despite these major league embarrassments, "60 Minutes" producers don't seem to be all that worried about the free-falling reputation of their show.

Case in point: This past Sunday's "Cleantech Crash" report. The San Jose Mercury News' clean energy reporter has already debunked the "60 Minutes" piece. So has Cleantechnica. And Think Progress has posted an interview with the clean energy expert featured on "60 Minutes" (whose words were twisted when featured on that show).

Here's what "60 Minutes" oh so quickly glossed over when bashing federal clean energy investment: The very Department of Energy Loan Guarantee Program that "60 Minutes" attacked for rewarding failure actually has a 97% success rate! Do you know how many Wall Street investors would sacrifice their parents and/or children on the altar of Mammon to obtain that kind of success rate? Actually, you probably don't want to know. However, we should all remember the rule of thumb for private sector venture capitalists, which is that 3 out of 4 startups fail on average. So it was oh so easy for "60 Minutes" to find examples of "Cleantech Crash", even though it would have also been easy for "60 Minutes" to find many examples of "Cleantech Success".

There's a reason why such "wild eyed lib'rulzzz" as Governor Brian Sandoval (R) and the entire State Senate Republican Caucus have been rushing to encourage more clean energy investment in Nevada. There's a reason why California has been seeing a lot of green lately. And there's a reason why much of the rest of the world is cashing in on the green evolution. Here's a hint: #GreenMeansGreen.

Oh, and let's not forget the reason why much of the world is looking to clean energy for a brighter future. Here's a hint: climate change. Not once did "60 Minutes" mention climate change in its "Cleantech Crash" hit piece story. Regardless of the near term profitability of renewable energy, we must wean ourselves off fossil fuels for the sake of our longer term survival. Yet on Sunday, nary a word was peeped on climate during the once revered flagship "TV news magazine". Oh, how the mighty have fallen.

Frankly, the only "crash" revealed this past Sunday was the reputation of CBS "News". And since it's bringing back the very reporter who botched the Benghazi story, we probably shouldn't expect any better any time soon. Oh, how the mighty have fallen.

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