Tag Archives: Failed Stimulus

The Complete Green Loan Scam List

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By William Warren

And the wasteful spending continues.

$80 billion in stimulus funds were ‘set aside’ for Green investment. 36 companies that received stimulus funding or grants are failing or have already failed. Where are the 5 million Green jobs you promised, Mr. Obama?

Heritage has the list:

The complete list of faltering or bankrupt green-energy companies:

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)
Schneider Electric ($86 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)*
Navistar ($39 million)
Satcon ($3 million)*
Konarka Technologies Inc. ($20 million)*
Mascoma Corp. ($100 million)

*Denotes companies that have filed for bankruptcy.

The latest addition to this list, A123, had its employees busted playing cards and it was reported the firm never shipped a single battery:

[youtube=http://www.youtube.com/watch?v=RKmPhLYpnMo&feature=em-uploademail-new] Continue reading

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New Green Fuel Source: Desperation – Follow Up

As a follow-up to my piece last week on Obama coming to North Carolina. He came to re-visit Cree Inc. in order to pat himself on the back and to applaud them for their projected addition of 275 jobs, I’d … Continue reading

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New Green Fuel Source: Desperation

Obama is in North Carolina today and back at Cree, Inc. in Durham, where he campaigned in 2008. Why is he back in NC and at Cree? Maybe it’s because Cree is the poster child for jobs that are the … Continue reading

Posted in LL1885, Obama, The Articles | Tagged , , , , | 2 Comments