Posts Tagged ‘Solyndra’
Another “green” energy flop using your tax dollars
Today, A123 Systems filed for bankruptcy, taking with it some $250 million of your money. Actually, now that I think of it, it was probably $250 million we borrowed from China, but you will have to pay it back. This company, just like Solyndra, was one of President Obama’s green energy pet projects.
Read MoreClean Energy: Solyndra abandons hazardous waste at manufacturing sites
The “clean energy” company Solyndra has a dirty new problem — hazardous waste abandoned at its manufacturing sites. The Fremont Fire Department’s Jay Swardenski oversees the cleanup. He said some materials, such as cadmium, are toxic, and hard to dispose of. “They don’t degrade at all, so we want to make sure we don’t allow…
Read MoreSolyndra loans: Rarely, the federal government can work fast
Within a Treasury Department audit report released on April 3, we learn – not surprisingly – the review process for government-backed Solyndra loan was rushed thanks to Department of Energy pressure, and the fact the review process itself was undefined.
Read MoreShocking: More Friday night Solyndra document dumps
I’m sitting here laughing. I was just wondering if there were any Obama administration Friday night document drops last week … and sure enough, we’ve got more Solyndra-themed emails from inside the White House.
Read MoreMore “green” layoffs
Last week, Abound Solar announced that it had fired 180 employees, and would shut down production of its solar panels at least until the end of the year. Advanced Solar was the recipient of a $400 million loan guarantee from you, the taxpayers, to build two factories.
Read MoreSolyndra…the hits just keep on coming
According to recent filings in the Solyndra bankruptcy case, not only did Solyndra squander over $500 million of your money, they also left behind a toxic waste dump which the company has no plans to fix.
Read MoreMore Solyndra good news for the taxpayer
You are already on the hook for $528 million as a result of the Solyndra bankruptcy. But, to add insult to injury, you will now have to dig deeper into your pocket to cover an additional $14.3 million. The original $528 million was courtesy of the Department of Energy. Last week, the Department of Labor decided…
Read MoreAnother “troubled” Department of Energy loan UPDATE
Remember Solyndra? This weekend, Beacon Power Corporation of Tyngsboro, Massachusetts filed for bankruptcy protection. In August, 2010, the Obama administration, through the Department of Energy, gave it a $43 million loan guarantee to build a plant in Stephentown, New York that opened in January, 2011. Here is what Beacon Power does. It makes, [f]ast-spinning flywheels [that] can…
Read MoreSolyndra “scapegoat”?
Jonathan Silver, the Department of Energy official who supervised the $535 million loan guarantee to Solyndra, announced he will be leaving the Department of Energy. According to the DOE, Mr. Silver decided in July, (before the public knew the Solyndra deal “blew up”, but after the DOE knew that it would) that he would be…
Read MoreSymptom of the Disease: Solyndra “spending money left and right”
When – over a period of decades – we allow the federal government to get intimately involved with contracts and government-backed loans for companies like Solyndra in an effort to push worn political and environmental agendas, we’ve got nobody to blame but ourselves.
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