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Biden’s Green Thumb: Another Company Visited by Vice President Files for Bankrupcy
  • This is from February 2011: A year and a half ago this administration made a judgment. We decided it’s not sufficient to create new jobs, we have to create whole new industries. And that’s worked out so well hasn’t it? First Solyndra lost half a billion dollars of taxpayer money, now Ener1 has filed for bankruptcy just a year after the Vice President’s visit: The Energy Department in 2009 approved [...]...
    • Google Abandons “Renewable Energy Cheaper Than Coal” Project
  • In case you didn’t get the hint from the collapse of Solyndra, here’s more evidence that solar isn’t up to snuff: Google said on Tuesday that it was pulling the plug on seven projects, including Renewable Energy Cheaper than Coal… Google began making investments and doing research into technology to drive down the price of renewable energy in 2007, with a particular focus on solar power technology. In 2009, the [...]...
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  • From the National Journal: Without any Democratic support, House Republicans on Thursday voted to subpoena the Obama administration over all West Wing communications related to the federally-backed, now-bankrupt solar-energy company Solyndra dating back to President Obama’s inauguration in January 2009. [...] White House counsel Kathryn Ruemmler wrote the Republicans a letter last month saying the request was unrealistic and “implicates longstanding and significant institutional Executive Branch confidentiality interests.” Will the [...]...
    • Solyndra Redux: Another DOE Loan Recipient Files for Bankruptcy – 14 (Failed) Jobs for $43 Million
  • Well add another loser to the Obama Administration’s green energy portfolio. From Reuters: Beacon Power Corp filed for bankruptcy on Sunday, just a year after the energy storage company received a $43 million loan guarantee from a controversial Department of Energy program. The bankruptcy comes about two months after Solyndra — a solar panel maker with a $535 million loan guarantee — also filed for Chapter 11, creating a political [...]...
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  • This is Jonathan Silver, the Executive Director of the Loan Programs Office at the Department of Energy, which is now under intense scrutiny for the process by which they guaranteed a $535 million loan to the now-bankrupt Solyndra. Silver was grilled by Congress over his role in this debacle just a couple of weeks ago where he disclaimed any personal responsibility, passing the buck to unnamed members of his staff [...]...
    • Green Jobs Program is a Bust
  • Hat tip to Hot Air headlines for this Washington Post story: Obama’s efforts to create green jobs are lagging behind expectations at a time of persistently high unemployment. Many economists say that because alternative-­energy projects are so expensive and slow to ramp up, they are not the most efficient way to stimulate the economy… The Energy Department says that the green-jobs program is still on track to meet its employment [...]...
    • Green Energy Scandal? Solyndra, Despite Sweetheart Gov’t Loans, Closes Its Doors
  • Solyndra, a California business which manufactures solar panels, has shuttered and is filing for chapter 11 bankruptcy. This comes just over a year after the company was touted by the President as an example of public-private partnership and the bright future of green energy. Solyndra received over half a billion in loans from the Treasury at extremely low interest rates, allowing it to build a new manufacturing facility. Congressional investigators [...]...
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    • Video: Obama Touts Investment in EnerDel, Now Bankrupt

    John on January 27, 2012 at 9:03 am

    Yesterday I noted that another green energy investment by the Obama administration had gone bankrupt. I posted video of the Vice President visiting the company. Today I’ve got video of the President touting his green investment in Indiana, including the now bankrupt EnerDel. This is from August 2009:

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