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  • Solyndra

    Another Stimulus Backed 'Green Energy' Company Goes Bankrupt

    Another stimulus-backed green energy company has filed for bankruptcy, further fueling criticism of Energy Department programs that backed highly-risky investments on the taxpayer dime. Like Solyndra and a number of other green energy investments made under this administration, Abound Solar had a very poor credit rating, but enjoyed a wealth … More

    DOE Sent Confidential Information to Loan Guarantee Applicant

    Emails uncovered by congressional investigators show that a top Energy Department adviser sent confidential government information to representatives of a company vying for federal financing. The company, which is tied to multiple politically connected green-energy firms, eventually received a $1.4 billion partial loan guarantee from DOE. “[P]lease do not sent … More

    At Solyndra, More Jobs Lost—and Even More Jobs Lost

    Documents obtained by The Bay Citizen under the Freedom of Information Act revealed that the Solyndra bankruptcy resulted in 1,861 people losing their jobs—over 700 more than the defunct solar company previously reported. In reality, the job loss count is even higher than that. What hasn’t been counted are the … More

    Morning Bell: The White House Defends Public Equity

    Up is down, left is right, good is bad, and day is night. If you wander inside the Washington, D.C., beltway, you’ll enter a bizarro world where, at times, commonsense is replaced by a localized logic that is completely divorced from the reality. The latest example of political gobbledygook comes … More

    Lawmakers Probe Fast-Track Approval for Connected Green Companies

    Congressional investigators are probing potential cronyism in a pair of federal green energy programs, including the Energy Department loan program that guaranteed a $535 million loan to now-bankrupt solar company Solyndra. In a letter to Interior Secretary Ken Salazar sent on Tuesday, embedded below, Sen. Jeff Sessions (R-AL), chairman of … More

    Brightsource DOE Funding Exposes Obama Cronyism

    A congressional hearing on May 16 exposed further details on just the kind of political maneuvering that was going on between the Obama Administration and beneficiaries of Department of Energy (DOE) loan guarantees. Emails revealed during the hearing are the tip of the iceberg in a corrupt federal funding process … 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

    Taxpayer-Backed Green Energy Firms Struggle, But Hike Executive Pay

    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 … More

    Obama's Ten Worst Energy Policies

    In his time in office, President Obama has made some seriously bad proposals and decisions on energy policy, and Americans are paying the price, whether it’s in higher energy costs, wasted tax dollars, or in jobs that have been left on the table. For those who aren’t keeping track, we’ve … More

    Germany Cuts Solar Subsidies, Has Its Solyndra Moment

    After budget-stricken Spain eliminated subsidies for new renewable energy this year, Germany is now following the example by making significant cuts to its solar subsidy program. Bloomberg reports: Incentives for solar units pushed capacity past government targets, prompting Merkel to cut subsidies even as she seeks to wean Germany off … More