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    Why DOE Is Wasting $45 Million of Your Money

    Last week we wrote about the Department of Energy (DOE) wastefully spending $45 million in taxpayer dollars on advanced transportation technologies. The federal government spending taxpayer dollars on activities the private sector should be financing is nothing new, but another big part of the problem is that these investments stem … More

    What’s Another $45 Million at the Energy Department?

    The Department of Energy (DOE) announced it is spending $45 million of taxpayer money for 38 different projects for advanced transportation technologies. But private companies should be making these investments on their own to provide the best products available for consumers. The 38 projects funded by DOE are going to … More

    Eliminate Advanced Manufacturing and Alternative Fuel Programs

    There are sound market ideas that address issues of high energy prices. Throwing money at corporations is not one of them. The House of Representatives Committee on Appropriations released its report language on the Energy and Water Development Appropriations bill for 2014. While the House deserves credit for scaling back … More

    EPA Gives Green Light for California's Costly Car Program

    Last week, the Environmental Protection Agency (EPA) granted a waiver to the state of California to move forward with its Advanced Clean Cars Program. The EPA waiver allows California to implement even tougher fuel efficiency standards than the White House announced last summer in an attempt to integrate more zero-emission … More

    Electric Car Batteries Going Nowhere

    Another green-energy-related company built on government subsidies is having trouble keeping its head above water. This time, the scandal surrounds Compact Power, a subsidiary of LG Chem.* In 2010, the Obama Administration proudly gave Compact Power a $150 million grant to build a vehicle battery manufacturing facility in Michigan. These … More

    China's Wanxiang Poised to Take 80% Stake in DOE Grant Recipient A123

    A123, the U.S. manufacturer of green-tech batteries that received millions in government aid, today announced a “memorandum of understanding” between it and Chinese auto giant Wanxiang. It totals up to $450 million in a bailout of debt purchasing and other cash infusions that would grant Wanxiang 80 percent controlling interest … More

    'A Political Beast': DOE-Backed Ecotality's Extensive Political Muscle

    As a congressional panel looks into federal support for a major electric vehicle charging station manufacturer, more questions about the company’s political connections are surfacing. They speak to a virtual constant among recipients of federal “green energy” money: beneficiaries enjoy significant political connections. The company in question, Ecotality, has received … More

    Obama Slams Private Equity, But His Own 'Investors' Do Quite Well

    President Obama and his surrogates have repeatedly insisted that federal backing for green energy companies like Solyndra is somehow superior to private equity investing, since federal bureaucrats are concerned with more than enriching investors. But “investors” in an Obama presidency – i.e. his top supporters – have reaped the benefits … More

    After Massive Losses, Stimulus-Backed Company Asks for More Taxpayer Cash

    A financially troubled green energy company has seen its stock prices plummet to below a dollar per share (UPDATE: see below) since receiving a nearly $250 million federal grant in 2009. The company lost $257.7 million last year. Two of its clients make up half of its business, and one is … More

    Congressman May Subpoena DOE on Stimulus Funding for Ecotality

    The Energy Department has yet to comply with a congressional request for information on a stimulus-backed company under investigation for insider trading and facing serious financial difficulties. Rep. Andy Harris (R-MD), who chairs the House Energy and Environment Subcommittee on Science, Space, and Technology, asked Energy Secretary Steven Chu for … More