From Fox Nation In his weekly radio address on July 3, 2010, President Barack Obama announced that “the Department of Energy is awarding nearly $2 billion in conditional commitments from the Recovery Act to two solar companies.” Neither of them was named Solyndra. One of the two companies Obama did name was Fort Collins, Colorado-based […]
From The Blaze Volt no jolt: LG Chem employees idle President Barack Obama in 2010 spoke at LG Chem subsidiary Compact Power, an electric battery plant in Holland, Mich., to tout his administration’s decision to pour millions and millions of taxpayer’s dollars into the clean energy industry. “Our goal has never been to create a […]
Fox News reports that another company, A123 recieved energy stimulus from the Obama administration, has declared bankruptcy.
The president’s green energy policies don’t add up By Donald J Bourdreaux Speaking recently at America’s largest solar energy plant — in Boulder City, Nev. — President Obama insisted that green energy is so important, “You’d think that everybody would be supportive of solar power. And yet, if some politicians have their way, there won’t […]
By Joel Gehrke In keeping with the recent trend of so-called green companies going into the red, another solar energy company supported by President Obama’s top administration officials declared bankruptcy today. Solar Trust for America received $2.1 billion in conditional loan guarantees from the Department of Energy — “the largest amount ever offered to a […]
From CBS San Francisco After filing for bankruptcy last year, Fremont solar company Solyndra still owes American taxpayers half a billion dollars. But CBS 5 caught them destroying millions of dollars worth of parts. At Solyndra’s sprawling complex in Fremont, workers in white jumpsuits were unwrapping brand new glass tubes used in solar panels last […]
By Doug Powers Yesterday there was another White House document dump regarding Solyndra’s bankruptcy filing just after the 2010 elections. While Solyndra is the crown jewel in the Department of Energy’s “you can’t make a green omelette without breaking a few hundred million taxpayer eggs” trial-and-error initiative, there are many other examples. CBS News’ Sharyl […]
By Johnathan Serrie Just months after obtaining more than $400,000 in federal stimulus funds, TR Auto Truck Plaza off Interstate 40 sits idle. The Tennessee Department of Transportation (TDOT) handed out the $424,000 Environmental Protection Agency stimulus grant for electrical hookups so that truckers wouldn’t have to burn diesel fuel while resting. Both the state […]
By Matthew Mosk and Ronnie Greene With the approval of the Obama administration, an electric car company that received a $529 million federal government loan guarantee is assembling its first line of cars in Finland, saying it could not find a facility in the United States capable of doing the work. Vice President Joseph Biden […]
By Eamon James Someone affiliated with the Department of Energy has been going back to make changes to press releases posted on the Internet weeks and months ago, CNBC has found. The changes occurred in two press releases from the Department of Energy’s loan guarantee program – the same program that has been the center […]
By Ed Morrissey Conservatives know well that Mitt Romney has so far refused to back away from his contention that anthropogenic global warming is real, and yet the former Massachusetts governor continues to lead the Republican race for the presidential nomination. In seven debates, none of Romney’s competitors have challenged him on this position. This […]
By Stephen Clark With the Solyndra scandal still swirling, the Obama administration is under pressure to reveal the financial condition of the solar companies that received $4.75 billion in similar federal loan guarantees on the last day of the program. Republican lawmakers on two House committees are seeking details about the loans given to First […]
By Carol D. Leonnig and and Joe Stephens Newly released e-mails show the Obama administration’s Energy Department was poised to give Solyndra a second taxpayer loan of $469 million last year, even as the company’s financial situation grew increasingly dire. The department was still considering providing the second loan guarantee to the solar-panel manufacturer in […]
by Matthew Boyle President Barack Obama’s “green jobs” initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan. According to the Denver Post, the lab plans to eliminate between 100 and […]
By Martin Gould GOP claims that the Obama administration’s green energy loan guarantee program is mired in cronyism grew on Friday after a company tied to Nancy Pelosi’s brother-in-law got the lion’s share of the final government hand-outs made before Friday’s end of the fiscal year. The decision to guarantee $737 million comes hard on […]
