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While liberals and their failed President spend every day wailing about the awful “tax breaks” given to those hellish fossil fuels – a.k.a. The Stuff That Actually Works – every day brings a new tale of “green energy” bankruptcy. Today’s is, at least, primarily a local story, but it’s a mighty expensive one. Massachusetts bids farewell to Evergreen Solar, as reported by the Associated Press:
Evergreen Solar is asking a bankruptcy judge for permission to walk away from its former plant in Devens.
The company, which received tens of millions in state aid before shuttering its facilities last year and moving its manufacturing operations to China, filed the notice in federal bankruptcy court in Delaware on Monday.
How deep a solar-heated bath will Massachusetts take on this latest green energy triumph?
Evergreen received more than $20 million in grants and $11 million in tax and lease initiatives from Massachusetts. That doesn’t include other tax benefits and millions in upgrades to roads and utilities around the plant.
Gov. Deval Patrick championed Evergreen Solar early in his first term.
Green energy: robbing American taxpayers blind to “stimulate” the economy of China.