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originally posted by: jjkenobi
Well hopefully Trump won't continue the trend of dumping millions of taxpayer dollars in "green" energy companies that go bankrupt a year later.
Who did that? Serious question. You might say Obama, but Solandra or whatever they were called paid back every cent of that "loan". Yes?
President Obama subsidized solar and other renewable energy in the United States with taxpayer money to the tune of $39 billion per year on average for the past 5 years. These massive subsidies, however, have done little to increase the contribution of solar power to the electricity generation mix as solar is expected to produce just 0.6 percent of electricity generation this year.
originally posted by: D8Tee
a reply to: amazing
Who did that? Serious question. You might say Obama, but Solandra or whatever they were called paid back every cent of that "loan". Yes?
An initial investigation brought up this link.
instituteforenergyresearch.org...
President Obama subsidized solar and other renewable energy in the United States with taxpayer money to the tune of $39 billion per year on average for the past 5 years. These massive subsidies, however, have done little to increase the contribution of solar power to the electricity generation mix as solar is expected to produce just 0.6 percent of electricity generation this year.
I think the goverment subsidizes $50-$60 billion to fossel fuel companies each year too. I would be okay if both of those subsidies went away.
Welcome...youre new here so we'll cut you some slack!