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Nov 27 2013

Green Energy Dishonor Roll

Having trouble keeping track of how much money Obama has flushed down green energy boondoggles? This list from the Heritage Foundation should help. It lists faltering or bankrupt green energy companies as of last October, along with the amount of taxpayer loot offered them by the Obama Regime in parentheses (not including other state, local, and federal tax credits and subsidies):

Evergreen Solar ($25 million)*
SpectraWatt ($500,000)*
Solyndra ($535 million)*
Beacon Power ($43 million)*
Nevada Geothermal ($98.5 million)
SunPower ($1.2 billion)
First Solar ($1.46 billion)
Babcock and Brown ($178 million)
EnerDel’s subsidiary Ener1 ($118.5 million)*
Amonix ($5.9 million)
Fisker Automotive ($529 million)
Abound Solar ($400 million)*
A123 Systems ($279 million)*
Willard and Kelsey Solar Group ($700,981)*
Johnson Controls ($299 million)
Brightsource ($1.6 billion)
ECOtality ($126.2 million)
Raser Technologies ($33 million)*
Energy Conversion Devices ($13.3 million)*
Mountain Plaza, Inc. ($2 million)*
Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)*
Range Fuels ($80 million)*
Thompson River Power ($6.5 million)*
Stirling Energy Systems ($7 million)*
Azure Dynamics ($5.4 million)*
GreenVolts ($500,000)
Vestas ($50 million)
LG Chem’s subsidiary Compact Power ($151 million)
Nordic Windpower ($16 million)*
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)

*Filed for bankruptcy.

Meanwhile the economy gasps for breath, all the air having been sucked away by wasteful and corrupt federal spending.

burning-turbine
To sum up Obama’s wasteful policies in one word: FAIL.

On a tip from Conan.



10 Responses to “Green Energy Dishonor Roll”

  1. justme says:

    No Dave, the economy isn’t gasping for air from the bill coming due for these crony capitalist payoffs – They were paid for with “bitcoin” money, an academic invention of Ben Bernake and the Fed. There is no intrinsic value behind the Bernanke Bucks that were minted to pay for this. At least Bitcoin claims their algorithms will not allow to minting of Bitcoins, whereas The Mahogany Godling has proclaimed his unlimited powers to print more US Dollar toiletpaper at his will with a Congress that lays down before him as if they were the rose petals Obama believes should be thrown before him at all events.

  2. Dr. 9 says:

    What that list proves is that the world is always eager and ready to take advantage of the next fool to come along, especially if that fool is sitting in the Oval Office and controls America’s wealth. Of course, the bigger fools, the ones who work hard and send what they earn to the govt., get nothing in return.

  3. A. Levy says:

    QUOTABLE QUOTES

    “As democracy is perfected, the office of the President represents, more and more closely, the inner soul of the people. On some great and glorious day, the plain folks of the land will reach their heart’s desire at last and the White House will be occupied by a downright fool and complete narcissistic moron…”
    H.L. Mencken July 26, 1920

  4. Spurwing Plover says:

    Windturbines are hazerdous to birds and bats they need to ban all windturbines

  5. Kevin R. says:

    That’s peanuts to a Democrat.

  6. Kevin R. says:

    A. Levy @ 9:47 am,

    Excellent quote!

  7. johnnosk says:

    For a giggle, I added up the numbers supplied and came to a total of just under 7.9 BILLION.

    While that is only a drop in the bucket for the US government, can you imagine what NASA could do with those extra funds?

  8. 762x51 says:

    So 19 out of 32 have filed for bankruptcy. Well that blows my theory that the little dictator used a dart board and blindfold to pick these companies.

    Statistically, he would have been more successful if he had just taken that one precaution. Meaning that Barack Obama is less competent than random chance, or was there political graft and corruption involved? Nahhh, couldn’t be . . .

  9. Lance says:

    Unending euphemisms for Evil and Crime.
    ‘Boondoggle’ = One of the euphemisms for theft.
    Let me emphasize something. Look at the game plan in Europe, from whom Commie Dems have emulated their comrades.
    ‘Green Boondoggles’ = Job killing economy tanking historic THEFT.
    All by design. None of the culprits ever intended to be successful financially or otherwise.
    We clear now?


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