Keyword: ecotality
-
Twenty-six energy companies with business before the state donated nearly $10million to Gov. Jerry Brown and the California Democratic Party over the past eight years — donations that often were made within days or weeks of winning favors. That’s the contention of “Brown’s Dirty Hands“ a report released Wednesday by the Santa Monica-based public interest group Consumer Watchdog. [snip]The report alleges that Brown and his operatives have used the California Democratic Party as “a political slush fund” to receive contributions from unpopular energy companies in amounts greater than permitted to his candidate committee. The group has logged its report as...
-
Failing to heed the lessons of the Solyndra debacle, Energy Department officials kept quiet about their knowledge that a government-backed electric car charger company was sliding toward bankruptcy and putting taxpayer money at risk, the agency’s chief watchdog has found.Inspector General Greg Friedman admonished department officials for failing to disclose during an audit this summer what they knew about San Francisco-based Ecotality’s financial troubles and the possibility that the firm might not meet the terms of its taxpayer funding. The company received $100 million in aid from the 2009 stimulus.“We are deeply concerned because the information directly related to the...
-
The Ecotality case wasn’t the biggest payoff, but it was particularly outrageous because it got stimulus money when it was already under SEC investigation.The company received a subpoena from the Securities and Exchange Commission in October of 2010.The president of Ecotality North America Don Karner was sent an additional subpoena in December of 2011, which specifically asks for any and all documentation surrounding the public announcement of the first Department of Energy grant to the company for $99.8 million on August 5, 2009.Ecotality was awarded $99 million in 2009 and an additional $26 million in October 2011. Since the beginning...
-
An audit by theDepartment of Energy’s Inspector General found that the persistent weak demand for electric vehicles harmed the deployment and timeliness of a $135 million-plus taxpayer funded charging network, which spun a cycle of excessive grants and project expansion, that led to an enormous waste of public money. The investigators, led by IG Gregory Friedman, determined that conditions for reimbursement to Ecotality, Inc. (and its subsidiaries) for the EV charging demonstration project were “very generous,” although not explicitly prohibited under federal regulations. “While we acknowledge that the Department had maintained and archived award documentation, an independent reviewer cannot understand...
-
House GOP eyes another possible green-tech scandalBy Neil Munro - The Daily Caller | The Daily Caller – 5 hrs ago GOP leaders are investigating Ecotality Inc., yet another troubled green-tech company that has received taxpayer funds and public support from the White House. The firm has received roughly $126 million from the the Department of Energy to install roughly 14,000 electric car chargers, has donated thousands of dollars to Democratic politicians, and was showcased by President Barack Obama in his 2010 State of the Union speech. But the company has installed less than 7,000 of the chargers, its subsidiary...
-
If you were going to run a pilot project that deploys charging stations in a network to enhance the use of electric vehicles, what kind of establishments would you locate them at? Whose customers might be most interested in that amenity? Certainly Starbucks comes to mind, as might sustainability-crazy Walmart – but how about Cracker Barrel? It’s true, the down-home chain of Old Country Store restaurants was chosen by Ecotality for a practice run in Tennessee as part of The EV Project, which is funded with a $115 million Department of Energy grant to create infrastructure to support EVs...
-
In its push to get electric vehicles on the road, the Obama administration has partnered with a company in dire financial straits that is also under investigation by the Securities and Exchange Commission for insider trading. San Francisco-based green technology company ECOtality received roughly $115 million in two separate Energy Department grants to build 14,000 electric vehicle charging stations in 18 cities. President Obama cited ECOtality in last year’s State of the Union address as a success story of his stimulus law. Ted Karner, president and CEO of ECOtality subsidiary eTec (now called ECOtality North America) watched from the crowd...
-
On Friday NLPC reported that the Department of Energy may have made a bad bet on Ecotality, the car-charging company that is heavily dependent on $115 million in government grants to deploy stations for electric vehicles through its EV Project. It turns out that DOE may not only be gambling taxpayer funds on a shaky company, but may also have dumped a bunch of money into a technology with a questionable future. Last week seven automotive companies – General Motors, Ford, BMW, Audi, Daimler, Porsche, and Volkswagen – announced they would adopt a single standard , established by the...
|
|
|