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To: jazusamo; Liz; AT7Saluki
In January EV battery maker Ener1, which had received $118.5 million in grants from DOE and $7.15 million in incentives from the Hoosier State , filed for bankruptcy. The EV company upon which it depended to buy its product, Norway-based Think Global (beneficiary of $3.1 million in state incentives), has repeatedly run out of money over the years and most recently went bankrupt in June. Abound Solar, which was to receive $11.85 million in state tax credits to launch a plant in Tipton, slashed payroll at its Colorado headquarters last week and activity in Indiana may never get off the ground. And then there are the disastrous cost overruns and cronyism surrounding Duke Energy’s Edwardsport coal gasification power plant, which featured an unproven technology to (needlessly) capture carbon dioxide emissions and store them underground, that also benefited from nearly $600 million in government subsidies.

Old news? I swear I've seen these headlines splashed ALL OVER the front page of the NY Times.

2 posted on 03/05/2012 4:58:57 PM PST by Libloather (The epitome of civility.)
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To: Libloather

Not likely. :)

Obama & thugs are about to take some heat though on his “green” push, it’s been a huge failure backed by stimulus dollars. Hopefully he and his enemedia will not be able to keep it covered up.


3 posted on 03/05/2012 5:06:19 PM PST by jazusamo (Character assassination is just another form of voter fraud: Thomas Sowell)
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