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originally posted by: rnaa
I don't consider one cent of that money wasted, even if not all investments paid off. That was the expectation going in, even to the point that the profit that the scheme made was an extremely pleasant surprise.
List: 36 Of Obama’s Taxpayer-Funded Green Energy Failures
What were these?
Overall, the agency has loaned $34.2 billion to a variety of businesses, under a program designed to speed up development of clean-energy technology. Companies have defaulted on $780 million of that — a loss rate of 2.28 percent. The agency also has collected $810 million in interest payments, putting the program $30 million in the black.
When Congress created the loan program under the Energy Policy Act of 2005, it was never designed to be a moneymaker. In fact, Congress imagined there would be losses and set aside $10 billion to cover them.
There was an FBI raid on Solyndra's headquarters and an investigation but, so far, no prosecutions. Now that the loan program is turning a profit, those critics are silent...
Let the free market do it...when there is profit to be made we do not need Government involvement...
"It literally kick-started the whole utility-scale photovoltaic industry," Moniz says. The program funded the first of five huge solar projects in the West. Moniz says before that, developers couldn't get money from private lenders. But now, with proven business models, they can.
originally posted by: Gadzilla
a reply to: rnaa
Since we know C02 is not making the temperature go up, whats the problem with coal?
No it's not. Trump is undoing the clean air regs Obama put in place. There is no longer going to be any reason to close the coal plants. Low electricity rates will continue to be a priority for America. Benefits the economy when you compete in a global market don't right?
originally posted by: purplemer
a reply to: OccamsRazor04
So is your argument because the coal could not efficiently be turned into gas that all cleaner coal technology must fail? Really?
Coal is dying.. get over it...