A lot of taxpayers money is going down the drain (and into the pockets of rats) in the US at the moment. Government intervention in the energy market seems to be a bad idea. The propping up of the carbon price on the European Carbon Market has cost the taxpayer an estimated 280 billion Euros. This much money could have replaced aging coal fired stations and reduced co2 emissions across the E.U. by 42% (estimate by UBS). The Chicago Carbon Exchange (Al Gore’s baby) shut it’s doors a while ago.
Bright Source: FAIL!
- Bright Source warned Obama’s Energy Department officials
in March 2011 that delays in approving a $1.6 billion U.S. loan guarantee would
embarrass the White House and force the solar-energy company to close. Lost
Billions of dollars but Getting More Money To Keep Trying. Can you say, “This
Solyndra: FAIL! -
Obama gave Solyndra $500,000,000 in taxpayer money and
Solyndra shut its doors and laid off 1100 workers in August 2011 After Billions
in Losses due to failure to make a solar product that works!
LSP Energy: FAIL! -
LSPEnergy LP filed bankruptcy protection and a sale of its
assets in Feb 2012
Energy Conversion Devices: FAIL!
– On February 14, 2012 Energy Conversion Devices, Inc. and its subsidiaries filed for bankruptcy
Abound Solar: FAIL!
- Abound Solar received a $400 million loan guarantee
from Barack Obama announced in June, 2012 that it would file for bankruptcy
- SunPower stopped
producing solar cells last year at near bankruptcy restructured only with help
of, get this, oil giant TOTAL who owns 60% stake. Irony! Still
Beacon Power: FAIL!
– Beacon Power Corp filed for bankruptcy Oct 2011 just a year after Obama approved $43 million loan Government loan guarantee
- ECOtality, a San Francisco green-tech company that never earned any money on the verge of
bankruptcy after receiving roughly $115 million in two loan guarantees from Obama
A123 Solar: FAIL!
-A123 received $279 million from taxpayers thanks to President Obama’sDepartment of Energy loan guarantees and after Solyndra bankruptcy is getting another $500M from Obama and it has lost $400M
UniSolar: FAIL! -
Uni-Solar filed for Ch 11
bankruptcy in June 20 this year laid off hundreds got more Obama money
still failing but still in business
Azure Dynamics: FAIL! -
Azure Dynamics files for bankruptcy in June wasting
millions in Obama “Stimulus” and tax credits. Azure Dynamics LLC filed for
bankruptcy protection in Canada and the US. Azure laid off 120 of its 160
employees in Oak Park; Boston; Vancouver, British Columbia; and the UK.
Evergreen Solar: FAIL!
- Evergreen Solar
received $527 Million in Taxpayer money from Obama filed bankruptcy
received more than $100 million in government funding from the Obama administration filed for
bankruptcy January 2012