The Energy Department can’t figure out how hundreds of thousands of dollars in “green energy” stimulus money earmarked for manufacturing equipment was spent, according to a new report from the agency’s Inspector General. DOE’s IG stated in a July 2012 audit report that $500,000 of equipment bought with stimulus money to …
Green-energy lobbying firm Liebman & Associates is up front about the service it provides. “With Mr. Liebman’s strategic counsel,” explains the bio of President Murray Liebman, “L&A’s clients have secured well over one billion dollars ($1B) in federal government investment.” Liebman followed through on that claim this week. The former staffer …
Some highly-connected venture capital firms are upping their investments in green energy companies after those companies received taxpayer backing. A pair of top investment firms have increased their stakes in two companies that benefited from federal “investment.” By 2010, solar company Solexel had received investment from some of the most politically-connected venture …
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 …
The Energy Department’s inspector general released a report recently highlighting the lack of financial oversight in the Department’s electric vehicle funding program. The report underscores problems with some of the program’s beneficiaries highlighted here at Scibe and under scrutiny by congressional investigators. The IG report focuses on DOE’s Transportation Electrification …
When insurance giant AIG paid lucrative bonuses to top executives after receiving federal support, President Obama asked, “How do they justify this outrage to the taxpayers who are keeping the company afloat?” But three years later, numerous green energy companies backed financially by the administration are paying out large salaries …
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 …
Energy Secretary Steven Chu may want the country to stop discussing the Solyndra scandal, but information continues to come to light that confirms the worst suspicions of the critics of DOE’s $535 million loan guarantee. According to a Treasury Department audit of the Solyndra loan, DOE pushed Treasury officials to expedite their …
