Another One Bites the Dust: $249 million government-backed electric car battery co. A123 Files Bankruptcy
Green stimulus billionaire profiteer Elon Musk comes under IRS scrutiny: ‘The question at hand: Did Obama’s Treasury Dept inappropriately give stimulus money to Musk’s company?’
Watch Now: Climate Depot’s Morano on Fox News on fed tax dollars to electric cars: ‘The old adage about ‘Who killed the electric car?’ — while I think Energy Sec. Chu killed the electric car’
Climate Depot’s Morano on Fox News on October 12, 2012 to discuss electric cars and Tesla. Watch here. Related Links: The DOE Restructured Its Loan to Tesla: ‘Imagine that. Weeks to go before the election and the Department of Energy has restructured its $465 million loan to the electric-car company to make sure it didn’t […]
$100 million man — Gore to be govt billionaire?! Al Gore has thrived as green-tech investor — ‘Benefited from more than $2.5 billion in loans, grants and tax breaks’, as part of Obama’s stimulus
‘Soviet-Style’ Wind Farm Subsidies To Face The Axe: ‘Must be scrapped because turbines are blighting local communities’
The U.S. Must Choose Ethical Energy Over Conflict Energy
Climate Depot Editorial On October 3, during the first presidential debate with President Barack Obama, Republican nominee Mitt Romney declared his intention to make “North America energy independent.” Romney continued: “Energy is critical, and the president pointed out correctly that production of oil and gas in the U.S. is up. But not due to his […]
Climate Depot’s report: Electric/Hybrid car industry loses power in the face of market reality and lack of consumer demand
This news round up contains a small sampling of recent Climate Depot coverage of Electric/Hybrid vehicle industry. Very few industries have fallen on hard times so quickly despite such massive government funding. Plant that got $150M in taxpayer money to make Volt batteries furloughs workers — before a single battery has been produced! — ‘Workers […]
NYT: ‘In 1900, 34 percent of cars in New York, Boston and Chicago were powered by electric motors. Nearly half had steam engines. What happened?’
Plant that got $150M in taxpayer money to make Volt batteries furloughs workers — before a single battery has been produced!
Fox News Excerpt: The 650,000-square-foot, $300 million facility was slated to produce 15,000 batteries per year, while creating hundreds of new jobs. But to date, only 200 workers are employed at the plant by by the South Korean company. Batteries for the Chevy Volts that have been produced have been made by an LG plant […]
The Green Jobs Debacle: ‘Dept of Labor’s IG found that a $500 million program for training people with so-called green skills has so far produced only 1,336 jobs that have lasted over 6 months’
– Ener1, after receiving $118.5 million from DOE, filed for bankruptcy protection – Evergreen Solar, after receiving millions of dollars from the state of Massachusetts, filed for bankruptcy protection – SpectraWatt, backed by Intel and Goldman Sachs, filed for bankruptcy protection’ – Beacon Power, after receiving $43 million from DOE, filed for bankruptcy protection – […]