Green Energy
Energy Department Altering On-Line Press Releases About "Green" Energy Loans
Rep. George Miller (D., Calif.), co-chairman of the Democratic Steering and Policy Committee and close confidant of House Minority Leader Nancy Pelosi (who has Solyndra connections of her own), was a strong advocate for SunPower, which according to PAC filings contributed $15,650 to House and Senate Candidates in 2010. Of that, $14,650 went to Democrats, including $4,000 to Senate Majority Leader Harry Reid (D., Nev.), $2,900 to Sen. Barbara Boxer (D., Calif.) and $500 to Miller himself. Oh, and the company also hired Miller’s son as a lobbyist.
SunPower is currently on track to become the second embarrassing failure in the DOE’s loan portfolio. It is deeply in debt, and company executives recently announced plans to lower its earnings projections for 2011 even further.
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Beacon Power, Backed by Obama Administration Provided US Loan Guarantees, Just Like Solyndra, Files BankruptcyFrom Eye on the World: Oct. 31 (Bloomberg) -- Beacon Power Corp., an energy- storage company that received $43 million in backing from...
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Head of DOE Loans Program Resigns Following Solyndra Scandal From Will at The Other News: The head of the US Department of Energy (DOE) Loan Programs Office has resigned in the midst of the controversy surrounding the bankruptcy of solar panel...
- Solyndra E-mails: Dept. Of Energy Was Poised To Approve ***second*** $469 Million For Solyndra
WaPoThe Obama administration’s Department of Energy was poised last summer to give Solyndra a second major taxpayer loan of $469 million, even as the company’s financial situation was growing more dire.The Energy Department was actively pushing to...
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Solyndra Insiders: Once We Got That Fat Loan, We Overspent Like CrazyFrom Ace:Of the myriad problems with socialism, one is this: People take good care of their own money. They earned it, they sweated it. They are reasonably careful about how they dispose...
- Your Stimulus Dollars At Work: $535 Million Given To Solar Power Panel Manufacturer In Fremont, Ca - Company Goes Bust
A $787 Billion Stimulus, and we have nothing to show for it. I expect that more and more stories like this one will be forthcoming in the next year. This could very well be the kind of story that will sink Obama: Solyndra, Inc. was supposed to have showcased...
Green Energy
Energy Department Altering On-Line Press Releases About "Green" Energy Loans
Update: Reason For Alteration Revealed
From Ace:
Sun Power got a $1.2 billion loan guarantee, and we might be eating that one shortly, too.
And Sun Power is very well-connected to Democrats. According to Andrew Stiles:SunPower now carries $820 million in debt, an amount $20 million greater than its market capitalization. If SunPower was a bank, the feds would shut it down. Instead, it received a lifeline twice the size of the money sent down the Solyndra drain.Indeed, SunPower received a $1.2 billion loan guarantee just days before the DOE’s Sept. 30 deadline to approve such agreements. The company, like Solyndra, is also extremely well-connected politically.
Rep. George Miller (D., Calif.), co-chairman of the Democratic Steering and Policy Committee and close confidant of House Minority Leader Nancy Pelosi (who has Solyndra connections of her own), was a strong advocate for SunPower, which according to PAC filings contributed $15,650 to House and Senate Candidates in 2010. Of that, $14,650 went to Democrats, including $4,000 to Senate Majority Leader Harry Reid (D., Nev.), $2,900 to Sen. Barbara Boxer (D., Calif.) and $500 to Miller himself. Oh, and the company also hired Miller’s son as a lobbyist.
SunPower is currently on track to become the second embarrassing failure in the DOE’s loan portfolio. It is deeply in debt, and company executives recently announced plans to lower its earnings projections for 2011 even further.
-
Beacon Power, Backed by Obama Administration Provided US Loan Guarantees, Just Like Solyndra, Files BankruptcyFrom Eye on the World: Oct. 31 (Bloomberg) -- Beacon Power Corp., an energy- storage company that received $43 million in backing from...
-
Head of DOE Loans Program Resigns Following Solyndra Scandal From Will at The Other News: The head of the US Department of Energy (DOE) Loan Programs Office has resigned in the midst of the controversy surrounding the bankruptcy of solar panel...
- Solyndra E-mails: Dept. Of Energy Was Poised To Approve ***second*** $469 Million For Solyndra
WaPoThe Obama administration’s Department of Energy was poised last summer to give Solyndra a second major taxpayer loan of $469 million, even as the company’s financial situation was growing more dire.The Energy Department was actively pushing to...
-
Solyndra Insiders: Once We Got That Fat Loan, We Overspent Like CrazyFrom Ace:Of the myriad problems with socialism, one is this: People take good care of their own money. They earned it, they sweated it. They are reasonably careful about how they dispose...
- Your Stimulus Dollars At Work: $535 Million Given To Solar Power Panel Manufacturer In Fremont, Ca - Company Goes Bust
A $787 Billion Stimulus, and we have nothing to show for it. I expect that more and more stories like this one will be forthcoming in the next year. This could very well be the kind of story that will sink Obama: Solyndra, Inc. was supposed to have showcased...