Watch Now: Climate Depot’s Morano on Fox News debates about bankrupt battery maker A123 & green stimulus: ‘The Obama Admin tried to become a venture capitalist & create a market where none exists’
Chevy Volt’s ‘Green Jobs’ in action: Employees at Stimulus-Funded Battery Plant LG Chem ‘spend hours playing cards & board games, reading magazines or watching movies’ because there’s no work
NY Times op-ed: ‘A Sad Green Story’ — ‘Suddenly, green tech looks less like a gleaming beacon of virtue and more like corporate welfare, further enriching already affluent investors…’
Excerpts NY Times: David Brooks: Governments around the world were also doing it, and the result has been gigantic oversupply, a green tech bubble…[Solar panel] prices have fallen by three-fourths since 2008. Manufacturers will need huge subsidies far into the future — as Bradsher writes, ‘a looming financial disaster.’ The U.S. share of the global […]
Obama blew enormous amounts of our money on crappy electric cars that were supposed to prevent CO2-induced bad weather
Bookmark this Page! The Complete List of Obama’s Taxpayer-Backed Green Energy Failures
Yet Another DOE-Backed Solar Company Goes Bankrupt! Satcon Technology Corp.: ‘Chapter 11 filings were a necessary and prudent step’ — Satcon received a $3 million DOE grant in January
As it struggled, A123 showered Democrats with donations, hired pricey lobbyist
Comedy Alert: Watch Obama and Dems praise now bankrupt electric car battery maker A123! Obama touted ‘securing the energy of the future’
WSJ Editorial: Electric Car Crash: ‘Massachusetts-based A123 is — or was — part of President Obama’s grand design to build a U.S. electric-car industry more or less from scratch’
WSJ Editorial Excerpt: The Bush Administration gave A123 a $6 million research grant in 2007. But the company hit the jackpot in August 2009 when Mr. Obama’s Department of Energy announced a $249 million grant. No strings attached and not even a taxpayer equity stake. The cash was supposed to build three plants in Michigan […]