Add that to the solar panel company in MA that took state subsidies and closed up to move to China a week or two ago. Grab that redistributed Green Commie cash and run.
No problems mate!
In Texas, the enviro’s subsidized windmills, but did NOT allow new high-voltage power lines to be built:
So over 10,000 Megawatts of windmills were built using tax incentives and early depreciation in subsidized factories - mostly overseas. (The US labor was almost all erection and transporation.)
But only 6500 Megawatts of windmill power can be hooked up to the grid through the local overhead powerlines. The rest cannot leave the pedestals.
Someone sold Bush’s R&D folks a bill of goods. One of his worse oversights as president. This thing didn’t have the magic microbes yet.
“
Green-Energy Plant Sucks Up Subsidies, Then Goes Bust
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Obama wants to enrich his “green buddies”.
And knows they’ll close their “green” companies just like in Spain.
Killing something like 2 jobs for every 1 private industry jobs.
I’m sure some of that stolen money will end up in the coffers of
The Democratic Party.
Compliments of the tax dollars of the average Joe/Josephine.
B@$tards.
And I read about a group of so called investors( scam artists) that wanted to build a electric car company in cold,bus Ohio, if only the tax payers would give them 500000 million start. Let them spend their own damn money!!!
If you want to run a vehicle on wood chips try one of these:
http://www.youtube.com/watch?v=Pw22NSKi38A
The loan guarantee is the result of efforts between the USDA Office of Rural Development, AgSouth Farm Credit, ACA and Range Fuels. AgSouth Farm Credit, ACA, a leader in agricultural and rural loans and part of the Farm Credit System, was the lead lender on the loan, and Silicon Valley Bank and Morgan Keegan & Company, Inc. helped facilitate the financing of this bond transaction. A conditional commitment to provide this loan note guarantee was first issued by the USDA on January 16, 2009. http://www.rangefuels.com/range-fuels-closes-on-80-million-loan-guaranteed-by-u.s.-department-of-agriculture.html
This’d be funny if it wasn’t for the waste of taxpayer money. Problem is this entire ‘green economy’ is on the back of taxpayers.
Range Fuels of Soperton, Georgia...
I spent half a day there on a job interview while it was just starting construction; quite a strange place; the whole experience was somewhat surreal.
The top man was a weird charismatic guy from out in California that was a quasi-scientist type with the personality of a used car salesman on steroids.
The whole thing sounded like a scam to me; glad that I didn’t get the job.
Range Fuels lays off workers in Colorado, Georgia
By Kris Bevill | January 11, 2011
Range Fuels Inc. began constructing its cellulosic biofuels production facility, including the warehouse shown above, in Soperton, Ga., in 2008.
PHOTO: RANGE FUELS INC.Broomfield, Colo.-based cellulosic biofuels producer Range Fuels Inc. confirmed it has laid off employees at both its headquarters in Broomfield and its production facility in Soperton, Ga., but is not releasing details on the number of layoffs or what factors led to the decision to reduce the company’s workforce. “A handful of people in Colorado and Georgia were impacted by the layoffs,” the company said in a statement to EPM, declining to elaborate further. http://www.ethanolproducer.com/articles/7388/range-fuels-lays-off-workers-in-colorado-georgia
The USDA announced Jan. 20 it has approved $405 million in loan guarantees through the 9003 section of the 2008 Farm Bill to support the commercialization of cellulosic ethanol at facilities owned by Coskata Inc., Enerkem Corp. and Ineos New Planet BioEnergy LLC. http://www.ethanolproducer.com/articles/7433/usda-approves-loan-guarantees-for-3-cellulosic-projects January 05, 2011
INEOS Bio receives $75 million USDA loan guarantee
BY INEOS Bio
INEOS Bio and its joint venture partner, New Planet Energy, have received a conditional commitment for a $75 million loan guarantee from the USDA’s 9003 Biorefinery Assistance Program.
The elite looting the people. Raise that debt ceiling!
More proof of the stupidity of government programs. Green energy is a boondoogle that only makes democrats rich and everyone else poor.
When will we learn?
The benefits of Earmrks for the connected few.
You can get energy out of wood. Just burn it to heat the water to run the generators.
$76 Million. Wasted.
the Synfuels Corporation of the 70’s....history just keeps repeating itself and yet people don’t learn