A solar company that got a multi-million-dollar grant from the Department of Energy earlier this year announced Wednesday that it will file for Chapter 11 bankruptcy protection, making it the second taxpayer-backed green energy company to file for bankruptcy this week.
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This is why there isn’t enough investment in alternate energy developement.
It isn’t because ‘Big Oil’ is suppressing the technology.
It’s because the technology and the market are not there.
Alternate energy is not an economic sustainable atlternative.
Alternative energy is not environmentally better and cheap hydrocarbon fuel is not running out any time soon.
All this tax money wasted to solve a problem that doesn’t exist.
There should be severe sanctions on all the individual people and organizations which promoted Global Warming and it’s many iterations.
Big Green . . because there is never enough rent seeking when you have the Glowball Warming Scam to fund.
Cronyism, corruption, cheating and stealing. Typical LEFTIE!!! What did you expect.
Unfortunately, we’re still putting up giant fans in Ontario. I suppose we’ll be the last to wise up.
This really makes me mad, but not near as mad as that damn 10% tacos in my gas. My Chevy Silverado 4.8L V8, 4 speed auto with overdrive was getting right at 20 mpg’s ( I drive like an old man), but 10% ethanol was mandated and now I can’t get 16. And it’s a smooth $100 bucks to fill my truck up, and then in Tues Nites debate if that dayyam Obama didn’t say he was gona double the fleet requirements for mpg’s. How is he gona do that ? You gona mandate a Toyota Corrola get 79 mpg ? I do hear rumors that Chevy makes a diesel car for $4800 that gets 80 mpg, but you can only purchase it in China.
What? You mean that Obama can’t buy Science. Hell he has 15 million unemployed that can deliver the SAME empty head solution..Nothing for the cost of nothing…
Double down on the slackers! Threaten to lock them ALL in a closet with the Candy Cowely..
Candy said the $5.00 cost of fuel is the new normal!
The biggest idiot (besides Holder) in Obama’s cabinet is energy minister Steven Chu, whose wet dream is gasoline at $10. per gallon. This Nobel prize winning mental midget whose specialty is studying atoms (remind anyone of Suzuki ?) is another student of California education and a firm believer of Golbal warming. Four more years of Obama means 4 more years of the same energy policies that Chu is whipping over the cliff. Obama is a package deal and you can always tell the character of a person by whom he/she surrounds themselves with. No matter what Obama says , one look at his friends should ring warning bells.
http://www.washingtonpost.com/blogs/fact-checker/post/steven-chus-solyndra-testimony/2011/11/17/gIQAvIRkVN_blog.html
Has anyone kept a list of these? Seems like there’s another “green” energy bankruptcy every other week.
“And it reignited an election-year debate over the government’s screening process for picking clean energy loan and grant recipients.”
I know it’s going for political points…but…Gawd…I hope someone comes up with the correct answer.(which is BTW,whichever company promises the biggest kickbacks in donations)
Another one bites the dust.
http://blog.heritage.org/2012/10/18/another-doe-backed-solar-company-goes-bankrupt/
Obama and Steven Chu’s record so far:
http://blog.heritage.org/2012/10/18/president-obamas-taxpayer-backed-green-energy-failures/
And they want another 4 years ?
Atlas is shrugging, the World is finally shaking.
Rev @ 9:48, right, and on so many levels that I fear my grandchildren will not have the Andy Williams early married years that my wife and I had.