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The Green Graveyard of Taxpayer-Funded Failures

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posted on Jul, 24 2012 @ 09:13 PM
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The Green Graveyard of Taxpayer-Funded Failures


www.canadafreepress.com

Solar-cell manufacturer Solyndra became a household name when it collapsed, taking $627 million in American taxpayer dollars with it. It’s the poster company for the government picking winners and losers—or really, just losers—in the energy market. But there are 12 more “green energy” losers that have declared bankruptcy despite attempts to prop them up with taxpayer money—and the list is growing.These green government “investments” take from one (by taxing or borrowing) and give to another, but they merely move money around. They do not create jobs. They send labor and resourc
(visit the link for the full news article)




posted on Jul, 24 2012 @ 09:13 PM
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It's too bad that subsidies have become a political reality and all of those in Washington depend on the monies spent to buy them votes or get re-elected. I can understand some tax breaks but to subsidize entire industries because of political gain is just another waste of tax payer dollars. In the first place the government is subsidizing using our money, so, why should they care. It's just like everything else that they use our money for. The solution is to turn off the spicket.

www.canadafreepress.com
(visit the link for the full news article)



posted on Jul, 24 2012 @ 09:17 PM
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What about the big bucks spent on a colider that was being built in Texas. Now it's a vacant unfunded underground tunnel system. Great place to have a party on December 21st



posted on Jul, 24 2012 @ 09:22 PM
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1. Abound Solar (Loveland, Colorado), manufacturer of thin film photovoltaic modules.
2. Beacon Power (Tyngsborough, Massachusetts), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation.
3. Ener1 (Indianapolis, Indiana), built compact lithium-ion-powered battery solutions for hybrid and electric cars.
4. Energy Conversion Devices (Rochester Hills, Michigan/Auburn Hills, Michigan), manufacturer of flexible thin film photovoltaic (PV) technology and a producer of batteries and other renewable energy-related products.
5. Evergreen Solar, Inc. (Marlborough, Massachusetts), manufactured and installed solar panels.
6. Mountain Plaza, Inc. (Dandridge, Tennessee), designed and implemented “truck-stop electrification” technology.
7. Olsen’s Crop Service and Olsens Mills Acquisition Co. (Berlin, Wisconsin), a private company producing ethanol.
8. Range Fuels (Soperton, Georgia), tried to develop a technology that converted biomass into ethanol without the use of enzymes.
9. Raser Technologies (Provo, Utah), geothermal power plants and technology licensing.
10 Solyndra (Fremont, California), manufacturer of cylindrical panels of thin-film solar cells.
11.Spectrawatt (Hopewell, New York), solar cell manufacturer.
12.Thompson River Power LLC (Wayzata, Minnesota), designed and developed advanced products and services to support stable, reliable and efficient electricity grid operation.

Remember they're cheaper by the dozen.. Taxpayer money wasted. That's disgraceful !



posted on Jul, 24 2012 @ 09:26 PM
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reply to post by Surfrat
 


Dear Surfrat,

What is not listed is the hundreds and hundreds of millions of dollars lost from public pensions which were steered into these same "green" companies and also ended up as "write offs". The hole is much deeper than it first appears.



posted on Jul, 24 2012 @ 09:31 PM
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It's not easy to break into the solar market with the Chinese able to flood it with cheap panels. It's kind hard to compete with that.
www.ft.com...

They are pretty well known for "dumping". Oh, just wanted to add I am not defending the practices of giving taxpayer money to these companies. Although, I think it's fairly laughable compared to what oil companies get. I was simply explaining why most of these ventures have failed.
edit on 24-7-2012 by antonia because: added a thought



posted on Jul, 24 2012 @ 10:22 PM
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Originally posted by antonia
It's not easy to break into the solar market with the Chinese able to flood it with cheap panels. It's kind hard to compete with that.


Actually, this is the purpose of a tarriff.

Why we don't smoke them with an astronomical tarriff would be the question of the day...

However, the answer might be because they are major stakeholder in our debt and could colapse our economy if they so choose.

Niether a lender nor a borrower be...and this situation would never have gotten so out of hand.



posted on Jul, 24 2012 @ 11:24 PM
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Spain has been at the green jobs much longer and found that they lost 2 regular jobs for ever green job created .
They had started to scale back green jobs to late , that is why they are in the trouble now !
So now the USA doubledowns?



posted on Jul, 25 2012 @ 08:01 AM
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Originally posted by Golf66

Originally posted by antonia
It's not easy to break into the solar market with the Chinese able to flood it with cheap panels. It's kind hard to compete with that.


Actually, this is the purpose of a tarriff.

Why we don't smoke them with an astronomical tarriff would be the question of the day...


We get most of our manufactured goods from China and the U.S. has no interest in seeing those jobs come back to the U.S. Gotta get those rock bottom prices.



posted on Jul, 25 2012 @ 08:22 AM
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What this is really about.
Obama reunites with Solyndra characters at $35,800 California fundraiser

I wonder how much of that $500 million given to Solyndra, found it's way into the DNC's and Obama's re-election funds.



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