Free Republic 4th Quarter Fundraising Target: $85,000 Receipts & Pledges to-date: $22,258
26%  
Woo hoo!! And the first 26% is in!! Thank you all very much!!

Keyword: greenjobs

Brevity: Headers | « Text »
  • Environmental Group Praises Michigan For Press Releases About 'Green Jobs'

    09/29/2014 11:57:58 AM PDT · by MichCapCon · 1 replies
    Michigan Capitol Confidential ^ | 9/28/2014 | Tom Gantert
    While job creation can be a badge of honor for many politicians, a report praising Michigan for adding "green jobs" is a bit premature. Environmental Entrepreneurs, which describes itself as "a national community of business leaders who promote sound environmental policy that builds economic prosperity," released a recent report that stated, “Michigan ranks third in clean energy and clean transportation jobs announced in second quarter.” The news made the rounds on social media and the announcement was re-Tweeted by former Michigan Gov. Jennifer Granholm. The report, however, is not based on actual jobs created. It’s based on jobs “announced” by...
  • After Jobs Failure, Taxpayers Giving Solar Company Another Shot

    08/06/2014 1:50:32 PM PDT · by MichCapCon · 7 replies
    Capitol Confidential ^ | 8/2/2014 | Tom Gantert
    In 2009, then Gov. Jennifer Granholm hailed Suniva as a company that would help turn the state into the “epicenter” of manufacturing green energy products. She said Suniva was opening a photovoltaic plant in Saginaw Township that would create 500 jobs over the next five years. That plant never came to fruition, joining several other solar projects that didn't work out in Michigan. But the process is starting again with more job predictions and state subsidies if they come through this time. Suniva, a Georgia-based company, was going to invest $250 million in 2009 and would get a $15 million...
  • Sarah Palin is Right: Obama is Just Being Obama

    06/16/2014 4:35:45 AM PDT · by Kaslin · 43 replies
    Townhall.com ^ | June 16, 2014 | John Ransom
    Sarah Palin is right. Obama losing Lois Lerner’s emails is worse than Nixon erasing 19 minutes of tape. Two years of emails is much more significant than 19 minutes of conversation. But then Obama’s just being Obama. If the IRS would only turn over the hard drive of Lois Lerner, I would happily be able to restore those lost two years of data. Do you know how hard it is to permanently delete data off of a hard drive? Very hard… you’d have to deliberately do it. It would be kind of like spending $1 trillion on shovel ready...
  • EPA Spends Millions Getting People $14 Per Hour Green Jobs

    05/15/2014 12:34:53 PM PDT · by Oldeconomybuyer · 7 replies
    The Daily Caller ^ | May 14, 2014
    The Environmental Protection Agency has handed out $3.6 million to 18 different community organizations across the country to train college graduates, the unemployed, low-income people and others to take on green jobs. To date, the EPA has funded 237 job training programs grants totalling more than $50 million to train 12,800 people how to work in the green industry. Of those trained, about 9,100 obtained green jobs — a 71 percent success rate at a cost of $5,500 in taxpayer funds per job. Last year, the free-market Institute for Energy Research estimated that the Department of Energy spent $26 billion...
  • When It Comes to Solar, Buy American

    05/03/2014 7:17:51 PM PDT · by ckilmer · 14 replies
    fool.com ^ | May 3, 2014 | By Brandon Workman
    When It Comes to Solar, Buy American By Brandon Workman |May 3, 2014 CAPS Rating 4/5 Stars $72.15 $0.95 (1.33%)   Last week, the Cleantech Group and Heslin Rothenberg Farley & Mesiti P.C. co-released their 2013 Clean Energy Patent Growth Index, which tracks clean energy patents issued by the United States Patent and Trademark Office. The index is meant to depict a trajectory of innovative activity in the clean energy sector. Among its highlights:  Solar, with 965 patents, was the No. 1 technology, overtaking fuel cells. And each year, the technology commands a greater share of patent activity: Image credit: Clean Energy Patent...
  • Where Have All the Green Jobs Gone?

    05/03/2014 8:14:38 AM PDT · by Oldeconomybuyer · 36 replies
    The Nation ^ | April 22, 2014 | by Michelle Chen
    ...Five years ago, “green jobs” were all the rage in Washington. The American Recovery and Reinvestment Act was rolled out with a win-win agenda aimed at fixing the economy and healing the environment at once. Candidate Obama touted a “blueprint” for a green economy, with plans to create 5 million green jobs. Though federal green initiatives have provided vital seed money for wind farms and solar-generation projects nationwide, the blue-collar workers who have the most to gain from the projected clean-tech boom are still struggling to find any job, much less a green one. Indeed, some environmentalists say that green...
  • Yet Another Obama-Funded Electric Car Company Goes Belly Up

    04/10/2014 8:42:23 PM PDT · by kingattax · 14 replies
    Rightwing News ^ | April 10, 2014 | Duane Lester
    Worst. Venture capitalist. Ever: -snip- My mistake. He’s not a venture capitalist. They use their own money. He’s just a typical Marxist. No idea about business but freely wastes everyone else’s money.
  • The light bulb ban provides a useful window into the mindset of liberals:

    01/03/2014 6:49:32 AM PST · by Rusty0604 · 39 replies
    No Pasaran ^ | 01/01/2014 | No Pasaran
    Regardless of party affiliations, true conservatives have made the old fashioned light bulb—an unassuming household item—into a symbol for something much larger. But what, exactly? At the risk of sounding melodramatic, it has become symbolic of the fight between liberty and tyranny. The light bulb ban provides a useful window into the mindset of liberals. Here’s how they see the issue: energy-saving bulbs are better, therefore the others should be illegal. The pattern repeats itself in nearly every other realm: they determine the best policy, then impose it in a top down manner with no regard for states, localities, or...
  • Solar Industry Takes on Crony Capitalism in Arizona

    11/04/2013 6:52:02 AM PST · by Kaslin · 17 replies
    Townhall.com ^ | November 4, 2013 | Rachel Alexander
    A heated battle is taking place in Arizona between the fledgling solar industry and APS, the state’s largest energy company, which enjoys a state-granted near-monopoly over energy. In sunny Arizona, it is peculiar that solar energy is being portrayed as the bad guy. Since Arizona is a Republican-dominated state, APS is sneakily buying up influential Republicans, both directly and indirectly, to perpetuate its crony capitalism. The Washington Post refers to these Republicans as “some of the best pollsters and consultants money can buy.” The spin goes like this, “stop subsidizing the solar industry.” The word “subsidy” is used to scare...
  • Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    10/30/2013 3:07:52 PM PDT · by lowbridge · 26 replies
    http://www.foxnews.com ^ | October 30, 2013
    A Colorado-based solar company that got hundreds of millions of dollars in federal loan guarantees before going belly-up didn't just empty taxpayers' wallets - it left behind a toxic mess of carcinogens, broken glass and contaminated water, according to a new report. The Abound Solar plant, which got $400 million in federal loan guarantees in 2010, when the Obama administration sought to use stimulus funds to promote green energy, filed for bankruptcy two years later. Now its Longmont, Colo., facility sits unoccupied, its 37,000 square feet littered with hazardous waste, broken glass and contaminated water. The Northern Colorado Business Report...
  • Commentary: Black Leaders Are Building a Healthy Green Economy

    09/20/2013 7:55:52 AM PDT · by Oldeconomybuyer · 25 replies
    Black Entertainment Television BET ^ | September 18, 2013 | By Phaedra Ellis-Lamkins
    At its annual conference this week, the CBC will address the most challenging issues facing Black America. They will talk at length about civil rights, education, public health and how to spur employment opportunities in African-American communities, where jobless rates are still hovering in the double digits — almost twice the national rate. And CBC’s environmental background will come in handy as they tackle this problem because the green economy offers one of our best shots at creating jobs and prosperity in Black communities. All over America, people of color are leading the way in the green economy — from...
  • Germany's Aleo Solar is closing its Denver office

    09/13/2013 8:13:21 AM PDT · by george76 · 12 replies
    Denver Business Journal ^ | Sep 13, 2013 | L. Wayne Hicks
    Aleo Solar AG, a German solar-module manufacturer that has its U.S. headquarters in Denver, said it will withdraw from the United States immediately. ... the US operation had failed to meet recent sales targets and was not operating profitably
  • A Fascinating Report from the Government Accountability Office (on green jobs)

    09/06/2013 12:10:13 AM PDT · by neverdem · 4 replies
    The American ^ | September 4, 2013 | Benjamin Zycher
    The bureaucracy’s analysis of green jobs leaves a lot to be desired. No, really. Like a million monkeys pounding on keyboards, even the Beltway occasionally produces something Shakespearean, and fortunate indeed we are to be alive in the summer of 2013, as the Government Accountability Office (GAO) has issued a report (PDF) announcing that the “[Department of] Labor’s Green Jobs Efforts Highlight Challenges of Targeted Training Programs for Emerging Industries.”B-O-R-I-N-G, you say? You are oh, so wrong. GAO was happy to translate that bureaucratese right up front: “Of the $595 million identified by Labor as having been appropriated or allocated...
  • McAuliffe lobbied Obama aide in charge of Solyndra

    08/07/2013 10:54:36 PM PDT · by Nachum · 13 replies
    Daily Caller ^ | 8/8/13 | Brendan Bordelon
    Terry McAuliffe, the Democratic candidate for governor of Virginia and former owner of an electric car company now under federal investigation, once paid a visit with three other advisers to the same White House “green energy” official who helped secure more than $500 million in guaranteed loans for Solyndra, the now-bankrupt solar panel manufacturer backed by a prominent Barack Obama fundraiser. White House visitor records reviewed by Watchdog.org indicate that McAuliffe met with Greg Nelson, the former associate director for energy, environment and technology, at the White House on October 13, 2010. While the substance of the meeting is unknown,...
  • The data is in: more Green jobs means less real ones!

    06/17/2013 12:35:20 PM PDT · by Ernest_at_the_Beach · 5 replies
    JoNova ^ | June 18th, 2013 | joanne
    It’s not rocket science. If energy costs more, that means we have to make do with less of it, or make do with less of something else. Thus if the government forces everyone to pay more for electricity, companies have less spare cash to employ people. Their margins are tighter, they can’t make and sell as many products. So when we are told the clean energy revolution is creating jobs, is it virtually self-evident that’s a mythical fairy claim.I say “virtually”, because it is theoretical possible it could work, but only if this green power provided some productivity or...
  • Obama's Electric Vehicle Loans Program is a Failure

    05/28/2013 10:49:42 AM PDT · by jazusamo · 6 replies
    NLPC ^ | May 28, 2013 | Paul Chesser
    Mark it down: the report this month about the shutdown of Vehicle Production Group – beneficiary of a $50-million stimulus loan from theDepartment of Energy – means theAdvanced Technology Vehicles Manufacturing initiative within the Loan Program Office has been a thorough failure. All five ATVM recipients, awarded a total of $8.4 billion of taxpayer-backed financing under theRecovery Act, have earned derision to some degree. Most fit into the already much-ridiculed electric vehicles program. VPG was funded to produce wheelchair-accessible passenger vehicles that ran on compressed natural gas. The recipients range from the start-ups (Fisker Automotive,Tesla and VPG) to the established...
  • Green energy triumph: $11,000,000.00 spent per job created

    05/09/2013 11:54:54 AM PDT · by grundle · 14 replies
    Human Events ^ | May 9, 2013 | John Hayward
    “Without much fanfare, the Department of Energy (DOE) recently updated the list of loan guarantee projects on its website,” the Institute for Energy Research noticed on Wednesday. ”Unlike in 2008, when Barack Obama pledged to create 5 million jobs over 10 years by directing taxpayer funds toward renewable energy projects, there were no press conferences or stump speeches.” Uh-oh. Why weren’t there any celebrations? President Obama loves a good celebration. Why, we just found out about the super-secret star-studded bash he held after his inauguration. Maybe it’s because the IER divided the $26 billion spent on “green jobs” by the...
  • Fisker Failure was Easy to See Coming

    04/24/2013 7:50:14 AM PDT · by jazusamo · 12 replies
    NLPC ^ | April 24, 2013 | Mark Modica
    While hindsight may always be 20/20, foresight should be pretty clear in many instances as well. The Fisker failure was one of these times. Many saw the folly in spending hundreds of millions of taxpayer dollars to support the green debacle. In fact, the Associated Press has reported that even the Obama Administration had warning of the Fisker loan risks back in April of 2010 when the Energy Department began emailing their concerns. Congress will be holding hearings starting today to address the scandalous waste of taxpayer money on Fisker. Reuters states one of the goals of the hearing, "'The...
  • Roanoke Times: McAuliffe Needs To Come Clean On His Role At GreenTech

    04/16/2013 5:59:38 AM PDT · by Gopher Broke · 5 replies
    By itself, Terry McAuliffe’s failure to announce his resignation as chairman of GreenTech Automotive Inc. would not raise many eyebrows. But when the news was reported last week — four months after McAuliffe quietly resigned — it added to questions about the gubernatorial candidate’s ties to the electric car company he founded in 2009, and claims he has made about it on the campaign trail. McAuliffe, the Democratic nominee by default, promotes himself as a job-creating entrepreneur. He has used GreenTech to try to burnish that image. He should have a clear explanation why GreenTech chose Mississippi, not Virginia, for...
  • Terry McAuliffe's Solyndra

    04/13/2013 4:34:13 AM PDT · by Makana · 8 replies
    Wall Street Journal ^ | April 13, 2013 | KIMBERLEY A. STRASSEL
    Turn over any green-energy rock, and wiggling underneath will be the usual creepy mix of political favoritism and taxpayer-funded handouts. Add to this the Clintons, Mississippi and a murky visa program, and you've got a particularly ripe political embarrassment for Terry McAuliffe. Everyone remember The Macker? Best Friend of Bill. Chairman of Hillary's 2008 presidential campaign. Famed money-tree shaker. Former Democratic Party chief. Failed 2009 contender for the Virginia governorship but now back as the party's nominee for that position in this fall's election. Oh—and in Mr. McAuliffe's words—"a Virginia businessman" intent on "creating jobs." Or at least that was...
  • Feds look closer at cash source in McAuliffe car scam (McAuliffe and Hillary's brother)

    April 3, 2013 Feds look closer at cash source in McAuliffe car scam By Kenric Ward | Watchdog.org GONE AND DOWNSIZED: Though it’s still listed as their corporate address, GreenTech Automotive and Gulf Coast Funds Management moved out of their spacious headquarters office next to the Ritz Carlton in McLean. (Photo: Pamela Mullin) MCLEAN, Va. — A federal program that awards U.S. citizenship to foreigners in exchange for business investments is under increasing scrutiny as the assets of a Chicago company were frozen by the Securities and Exchange Commission.A Watchdog investigation found that Virginia Democratic gubernatorial candidate Terry McAuliffe and...
  • No April Fools: Obama's Green Energy Stimulus is Officially a Joke

    04/01/2013 10:43:33 AM PDT · by jazusamo · 6 replies
    NLPC ^ | April 1, 2013 | Paul Chesser
    President Obama ’s alternative energy “stimulus,” administered through hisDepartment of Energy by previous SecretarySteven Chu, had already become a joke because of the failures and foibles of so many recipients of Recovery Act funds. But now – as though officially commemorating the absurdity of this historically bad U.S. government program – one of its bankrupt beneficiaries has changed its name from one of simplicity to one of mockery. Electric vehicle battery maker A123 Systems has changed its name to B456 Systems. Incorporated. Reporting the development, headline writers across the nation rubbed their eyes, double-checked the wire information, and then...
  • BLS Releases Another Phony 'Green Jobs' Report

    03/21/2013 4:47:21 PM PDT · by raptor22 · 12 replies
    Investor's Business Daily ^ | March 21, 2013 | IBD EDITORIALS
    Bad Data: As yet another Solyndra looms, a new government report shows that by the government's own broad definition of a green job, more can be found in a coal mine than near a solar panel. The second annual Bureau of Labor Statistics (BLS) report on "Employment in Green Goods and Services," released Tuesday, will be the last, allegedly a casualty of the same sequestration that claimed the White House tours and may doom the Easter egg hunt on the White House lawn. That is probably a good thing, for if it were published as a book, it would deserve...
  • IG: Add LG Chem to Obama’s green-tech subsidy flops

    02/14/2013 5:26:26 PM PST · by lowbridge · 1 replies
    hot air ^ | february 13, 2013 | Ed Morrissey
    This comes as no surprise to Hot Air readers, who learned about the value of the Obama administration’s $150 million subsidy investment of LG Chem last fall. After furloughing its workers at their Grand Rapids plant without having a single one of their batteries installed in a consumer vehicle, the local NBC affiliate produced this report on the way taxpayer money got spent:
  • U.S. Grant Funded Workers' Play at LG Chem Factory

    02/14/2013 8:31:29 AM PST · by reaganaut1 · 10 replies
    Wall Street Journal ^ | February 13, 2013 | RYAN TRACY
    WASHINGTON—The Obama administration's electric car efforts took another hit on Wednesday after a federal inspection found a South Korean advanced battery maker never scaled up U.S. production despite receiving $142 million in federal grants. A Holland, Mich., factory owned by LG Chem Ltd., part of LG Corp., was half-funded by a government grant and estimated to add some 440 jobs building battery cells for General Motors Co.'s Chevrolet Volt and other vehicles. When demand for the plant's batteries didn't meet expectations, the company filled orders with cells made at a factory in South Korea, leaving the Michigan plant largely idle,...
  • SolarCity US DOE loan approval fails

    09/26/2011 9:12:48 AM PDT · by martin_fierro · 9 replies
    PVTech ^ | 9/26/11 | Mark Osborne
    SolarCity US DOE loan approval fails According to news reports, US-based solar installation firm, SolarCity will not be able to complete and comply with documentation deadlines of September 30th to be considered for a US Department of Energy loan, previously announced. Earlier this month, the DOE had made a conditional commitment for a partial loan guarantee to SolarCity for PV system installations on residential and other buildings at US military bases. The US$344 million loan would go towards 371MW of new solar power generation capacity. The project, code named SolarStrong, will be led by SolarCity, with USRG Renewable Finance acting...
  • McGreen Jobs

    11/28/2012 12:48:57 PM PST · by Academiadotorg · 7 replies
    Accuracy in Academia ^ | November 27, 2012 | Malcolm A. Kline
    “Employees at bicycle shops have green jobs,” economist Diana Furchtgott-Roth points out in a Capital Research Center study. “So do workers at antique dealers, at the Salvation Army used clothing recycling centers, and at used record stores, because used items count as recycled goods.” Furchtgott-Roth testified at a congressional hearing in June that examined the definition of “green jobs.” “As a witness at the hearing, I explained that, because the white paper cup placed before me on the table had a ‘Power to Save Energy’ logo, employees who produced it had green jobs,” she recalls. “The product met the BLS...
  • Obama fires 20,000 Marines, promises billions to Muslim green energy

    11/25/2012 6:35:19 PM PST · by massmike · 64 replies
    examiner.com ^ | 11/25/2012 | Timothy Whiteman
    Is Obama Always Faithful to our Marines? The current political winds in Washington, DC, have dictated that less will be spent on the various Branches of the Armed Forces of the Unites States. Case in point: the Commander-in-Chief has decided to fire 20,000 of our U.S. Marines. In an article published by San Diego, California's North County Times, ironically on Thanksgiving Day, Military Affairs reporter Gretel C. Kovach cites; "The Corps is shrinking by 20,000 Marines, to 182,100." The North County Times also cited that America's premier fighting force is; "scraping to repair or replace battle-worn equipment." In spite of...
  • Green Regulation Conundrums

    11/05/2012 6:28:04 AM PST · by eagleye85 · 1 replies
    Eagleye Blog ^ | November 5, 2012 | Bethany Stotts
    Welcome to a magical world in which the scientific challenges to green energy have been resolved and renewable energy makes economic sense for the United States. Even in such a highly theoretical country, it is unlikely that green energy projects would make much headway due to a ‘green versus green’ regulatory structure where local environmentalist groups battle alternative energy projects, contend two authors in a recent Heritage Foundation presentation of their new book. “Most of the research for this was funded actually by the Department of Energy in a 2010 grant to look at [alternative] energy,” says Ryan M. Yonk,...
  • Training for U.S. "green jobs" falls far short of goals-watchdog

    10/26/2012 4:59:40 PM PDT · by NormsRevenge · 2 replies
    Yahoo! News ^ | 10/26/12 | Roberta Rampton | Reuters
    WASHINGTON (Reuters) - A $500-million "green jobs" program to train U.S. workers for new jobs and help spark recovery from the great recession has fallen far short of its goals, according to a report from the Labor Department's internal watchdog released on Friday. As of June 30, fewer than 31,000 people who went through training programs got green jobs, only 38 percent of what had been projected, the department's Inspector General said in the report. Of those workers, less than 12,000 kept these jobs for more than six months, a mere 16 percent of what organizations that got grants had...
  • Chatham green jobs plan abandoned after energy reductions fail to meet projections

    10/24/2012 7:07:34 AM PDT · by Oldeconomybuyer · 1 replies
    Savannah Morning News (GA) ^ | October 22, 2012 | By Eric Curl
    Chatham County’s plan to use a $300,000 energy grant for a green jobs training program was abandoned after savings failed to live up to expectations and a materials purchase violated federal requirements. After installing efficient lighting, window inserts for improved insulation and a geothermal system, Chatham reduced annual energy costs by an estimated $60,000, instead of the $340,000 decrease that had initially been expected. The Georgia Energy Finance Authority grant, funded by the federal stimulus, had to be amended after some lighting improvements violated a “Buy American Act” provision and no longer qualified for reimbursement.
  • Workers At LG Chem Plant On Furlough As Green Jobs Wilt

    10/20/2012 12:22:07 PM PDT · by AKSurprise · 4 replies
    The Truth About Cars ^ | 10/19/12 | Derek Kreindler
    "President Obama as the return of manufacturing jobs to America, and green ones at that. The facility was estimated have produced 15,000 batteries a year and added hundreds of jobs. So far, 200 workers are being paid to do nothing." "Workers placed on furlough are eligible to collect unemployment for that week, but that’s not the only government subsidy that is used to sustain LG Chem’s work force. Of the 200 employees at the plant, half are being paid via Recovery Act funds. 40 percent of the company’s $133 million expenditures have gone to foreign companies, mostly South Korean" "federal...
  • Obama Wants More Money

    10/19/2012 5:40:55 AM PDT · by Kaslin · 3 replies
    Townhall.com ^ | October 15, 2012 | Mona Charen
    President Obama has declined to outline a second term agenda. He doesn't say what he would do about the fiscal cliff that looms in just a couple of months. He hasn't addressed the glaring challenge of an aging population and entitlement spending that is careening toward insolvency. (On the contrary, he has significantly hastened the emergency by piling on new entitlement spending.) He hasn't proposed policies to improve the economy. He promises nothing more on Iran than to maintain ineffective sanctions. We can glean this much: He'd like to hire 100,000 new teachers and he wants to raise taxes on...
  • President Obama’s Taxpayer-Backed Green Energy Failures(List)

    10/18/2012 3:24:33 PM PDT · by mojito · 18 replies
    Heritage Foundation ^ | 10/18/2012 | Ashe Schow
    ....So far, 36 companies that have received federal support from taxpayers have either gone bankrupt or are laying off workers and are heading for bankruptcy. This list includes only those companies that received federal money from the Obama Administration’s Department of Energy. The amount of money indicated does not reflect how much was actually received or spent but how much was offered. The amount also does not include other state, local, and federal tax credits and subsidies, which push the amount of money these companies have received from taxpayers even higher. The complete list of faltering or bankrupt green-energy companies:...
  • DANISH WIND TURBINE COMPANY THAT RECEIVED OVER $50 MILLION IN STIMULUS LAYS OFF 800 WORKERS

    10/13/2012 11:03:50 AM PDT · by Snuph · 11 replies
    Breitbart ^ | 13 Oct 2012 | Tony Lee
    A Danish wind turbine company whose subsidiaries received over $50 million in U.S. stimulus dollars announced on Friday it has cut more than 800 jobs in the United States and Canada this year and may be forced to lay off another 800 employees in North America. This is yet another green energy company that received wasteful stimulus funds and does not even have anything to show for it. According to Reuters, Vestas, the wind turbine maker, saw its order intake go down by 24 percent during the first half of the year.
  • Electric Car Battery Maker A123 Systems Files Bankruptcy

    10/16/2012 7:29:31 AM PDT · by Red Badger · 17 replies
    Bloomberg | -Oct 16, 2012 8:50 AM CT | By Dawn McCarty and Craig Trudell
    Title and link only.........
  • Government-backed battery co. A123 likely headed for bankruptcy

    10/16/2012 6:09:29 AM PDT · by pietraynor · 15 replies
    Boston Herald ^ | 10/16/2012 | Herald Staff
    Waltham-based electric car battery maker A123 Systems, which has received hundreds of millions in state and federal funding, expects to default today on certain debt payments and could be headed for bankruptcy, according to a document the company has filed with the Securities and Exchange Commission."No assurance can be given that the company will be able to avoid restructuring, reorganization or a bankruptcy filing," the troubled firm said in a filing yesterday. A123 Systems said it expects to miss its October interest payment on $143,750,000 worth of 2016 corporate notes. The company said it also expects to miss a payment...
  • Just for good measure: Another green-stimulus recipient lays off workers

    10/15/2012 12:55:44 PM PDT · by SeekAndFind · 1 replies
    Hotair ^ | 10/15/2012 | Erika Johnsen
    I missed this last week, but hey, who doesn't love being regaled with yet another example of the many ways in which the government's unceasing market interference continually goes awry? The federal government never seems to tire of fancying itself a venture capitalist with our tax dollars, no matter how many instances of hilarious ineptitude are thrown back in their face. (As ever, I only laugh to keep from weeping.)On Friday, Reuters reported that a foreign wind manufacturer with plants in the United States has decided to lay off upwards of 800 workers, due largely to uncertainty over the looming...
  • Green-jobs subsidies bust: $21 billion, 28,854 jobs

    10/11/2012 8:01:06 AM PDT · by SeekAndFind · 3 replies
    Hotair ^ | 10/11/2012 | Ed Morrissey
    Remember this moment from the Romney-Obama debate last week? Mitt Romney hammered Barack Obama on green-energy subsidies and the futility of government intervention designed to distort markets:CLICK ABOVE LINK FOR THE VIDEO ROMNEY: Â… to oil, to tax breaks, then companies going overseas. So letÂ’s go through them one by one.First of all, the Department of Energy has said the tax break for oil companies is $2.8 billion a year. And itÂ’s actually an accounting treatment, as you know, thatÂ’s been in place for a hundred years. NowÂ…OBAMA: ItÂ’s time to end it.ROMNEY: And in one year, you provided $90...
  • IRS says ‘tax avoidance’ at heart of Solyndra bankruptcy plan

    10/10/2012 4:49:21 PM PDT · by Oldeconomybuyer · 16 replies
    Washington Times ^ | October 10, 2012 | By Jim McElhatton
    The Internal Revenue Service urged a bankruptcy judge to reject solar panel maker Solyndra LLC’s bankruptcy plan Wednesday, saying it amounts to little more than an avenue for owners of an empty corporate shell to avoid paying taxes. “The undeniable conclusion is that tax benefits drive this plan,” attorneys for the IRS wrote in a bankruptcy pleading. What’s more, government attorneys said that as far back as 2010, owners had “planned meticulously” to be able to use Solyndra’s net operating losses to offset future tax liabilities. “The only reason for the shell corporation to exist post-confirmation is to enable its...
  • Good news: Fed govt making yet another solar “investment” on our behalf

    09/29/2012 6:28:04 PM PDT · by SeekAndFind · 2 replies
    Hotair ^ | 09/29/2012 | Erika Johnsen
    Because the Obama Department of Energy's loan-guarantee program for renewable energy startups and technologies has been such an unmitigated and resounding success, most particularly their well-trumpeted "investments" in solar-panel manufacturers, the federal government's good common sense and dispassionate judgment have proved it to be a leading force in encouraging the research and development that has made these environmentalist-preferred technologies such viable and competitive substitutes for traditional energies. What's more, these promising new industries have created untold productive, private-sector jobs, and the taxpayer has seen a healthy and enriching return on their initial "investments.""Just kidding ... that didn't happen. Multiple of...
  • Michigan 25X2025 Green Energy Proposal Would Result in Lost Jobs, Higher Costs

    09/27/2012 6:21:24 AM PDT · by MichCapCon · 7 replies
    Michigan Capitol Confidential ^ | 9/24/2012 | Jack Spencer
    Michigan would have 10,540 fewer jobs in 2025 if Proposal 3 passes in November, according to a new study on the renewable energy mandate proposal. The study, done by the Mackinac Center for Public Policy and the Beacon Hill Institute in Massachusetts, also concluded that Prop 3 would lower disposable income in Michigan by $1.42 billion; reduce net investment in the state by $147 million and impose net costs on the Michigan economy of $2.55 billion. "Our study also indicates that even if voters reject Proposal 3, Michigan residents will still bear some of these costs," David Tuerck, one of...
  • Siemens Layoffs: Wind energy company to lay off 400 at Fort Madison, Iowa, wind turbine blade plant

    09/20/2012 8:57:02 PM PDT · by smokingfrog · 55 replies
    abc news ^ | 18 Sept 2012 | AP story
    Wind energy equipment manufacturer Siemens Energy Inc. will lay off 615 workers in Iowa, Kansas, and Florida in part because Congress has not renewed a tax credit for wind energy, the company said Tuesday. Siemens said the biggest job losses will come in Fort Madison, Iowa, where 407 workers at a wind-turbine blade factory will be out of work. About 220 workers will be retained at the plant to support ongoing operations, spokeswoman Melanie Forbrick said in a statement. About 146 workers are affected in Hutchinson, Kan., leaving 152 still working. In Orlando, Fla., about 62 workers will lose their...
  • Will jobs be lost with cap and trade?

    08/19/2012 10:31:07 PM PDT · by SmithL · 11 replies
    Sacramento Bee ^ | 8/19/12 | Dan Morain
    Extraordinarily smart people at the California Air Resources Board have taken to using the term "leakage" as they go about devising the experimental cap and trade system for reducing greenhouse gases. Homer Perez, head boiler mechanic at Pacific Coast Producers' tomato cannery off East Main Street in Woodland, might use a word that is more familiar to the rest of us: "layoff." The cannery has been operating under one owner or another since the 1920s. A cooperative of 16 growers in Yolo, Solano and Sutter counties owns it now. Perez has worked there for 28 of the past 29 years....
  • Environmental Group Exaggerates Number of Jobs 'Green' Energy Mandate Would Create

    08/17/2012 8:38:39 AM PDT · by MichCapCon · 12 replies
    Michigan Capitol Confidential ^ | 8/17/2012 | Tom Gantert
    The Michigan Environmental Council exaggerated in a press release the number of jobs that would be created by the renewable energy ballot proposal when it erroneously cited how a Michigan State University report calculated jobs. The Michigan Environmental Council’s press release said that the Michigan Energy, Michigan Jobs renewable energy ballot proposal would create 74,495 jobs. However, the report never said it would create 74,495 jobs, but instead said it would create that many "job years." It's an important distinction in economic analysis that the MSU report acknowledges. For example, a person hired by a green company who worked for...
  • As Another Fisker Karma Spontaneously Combusts, "Green" Dreams Go Up In Smoke (Taxpayer Funded Car)

    08/13/2012 9:22:54 AM PDT · by mojito · 4 replies
    ZeroHedge ^ | 8/12/2012 | Tyler Durden
    Several months ago it seemed that not a day could pass without someone, somewhere making fun of GM's biggest post-bankruptcy flaming failure to date: the Chevy Volt (gross and net of channel stuffing). Of course, since it was all in the name of ecological progress and carbon footprint reduction, most media observers let it go as merely one of the peculiar hurdles on the way to an utopian future in which America would no longer rely on crude imports from evil petroleum cartels. The time has come to redirect ridicule to that other $102,00+ MSRP object of electric aspiration, and...
  • Ex-Evergreen Solar CEO’s manse worth more than factory (Another failed green business in MA)

    08/13/2012 8:57:31 AM PDT · by pietraynor · 9 replies
    Boston Herald ^ | 8/13/2012 | Ira Kantor
    Former Evergreen Solar CEO Richard Feldt’s five-bedroom, two-plus acre Hingham pad is on the market for $9.9 million, nearly $1.4 million more than what the company’s Devens factory sold for earlier this year. The Bare Cove Lane property also boasts four bathrooms, a pool, stone terrace and 200 feet of frontage on Hingham Harbor, according to a real estate listing. “The natural light is incredible. The views are spectacular. The finishes and millwork are masterful,” the listing says. “Rarely does a home of this caliber become available for sale.” Feldt, who left Evergreen Solar in 2010 to become CEO of...
  • If You Like Obama's Failed Policies, Vote for Him

    08/10/2012 6:33:50 AM PDT · by Kaslin · 38 replies
    Townhall.com ^ | August 10, 2012 | David Limbaugh
    Those who understand that America is now on the wrong track cannot reasonably vote for Obama in November, because he is absolutely unwilling to change, perhaps even ideologically incapable of changing, course. Evidence abounds. First, consider his disastrous economic record and his rejection of any semblance of a course change. He and his economic advisers told us his stimulus would keep unemployment below 8 percent. It didn't. He didn't consider for a second that his policies exacerbated the economic crisis. He blamed Bush and said that if anything, he -- Obama -- hadn't spent enough. He demanded more stimulus packages...
  • A123 Goes Chinese -- Will Washington Learn It Can't Mandate A Market?

    08/08/2012 11:56:46 AM PDT · by Oldeconomybuyer
    Forbes ^ | August 8, 2012 | by Bob Lutz
    A Chinese auto parts company, Wanxiang, has come to the rescue of cash-strapped A123 Systems, an American high-tech lithium-ion battery maker and centerpiece of the Obama administration’s “green jobs” revolution. Wanxiang can acquire up to an 80% of the company in return for an investment of up to $450 million. The recipient of a $249 million “green technology” grant from our federal government, A123, believing their own (and everyone else’s) hype about the millions of electric vehicles that would soon be filling the nation’s highways (it will happen, but not soon) set about proving an old adage: stupidity and waste...
  • $1.3 billion in ‘clean energy’ subsidies produce 288 permanent jobs, ......

    08/07/2012 2:47:54 PM PDT · by Ernest_at_the_Beach · 15 replies
    Nevada Journal ^ | Monday, August 6, 2012 | Kyle Gillis
    Full Title:**********************$1.3 billion in ‘clean energy’ subsidies produce 288 permanent jobs, quadruple cost of electricity in Nevada Reid-sponsored National Clean Energy Summit pushes more subsidies as key to Nevada’s futureLAS VEGAS — As U.S. Senate Majority Leader Harry Reid prepares to host his fifth annual National Clean Energy Summit on Aug. 7, a Nevada Journal examination of Nevada’s renewable energy sector shows that over $1.3 billion in federal funds funneled into geothermal, solar and wind projects since 2009 has yielded and is projected to yield just 288 permanent, full-time jobs. That’s an initial cost of over $4.6 million per job.Despite...