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Keyword: greenbankrupt

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  • Taxpayers Take Hit as Layoffs, Bankruptcies Plague Green Firms

    01/27/2012 11:27:57 AM PST · by jazusamo · 8 replies
    National Legal & Policy Center ^ | January 27, 2012 | Paul Chesser
    Federal tax credits, loan and grant programs that expired at the end of last year have plugged the financial flow that made so-called “renewables” and electric vehicles viable, so they are now shedding employees and going bankrupt, illustrating that the “clean” industry owed its existence solely to government. Even with the government money, they are failing. Yesterday Indiana-based Ener1, an energy storage company thatreceived $118.5 million from DOE, filed for Chapter 11 bankruptcy. Despite plans to have 1,400 employees in Indiana by 2015, the company had downsized in the state from 380 to approximately 250 since March. Ener1’s stock...

  • Video: Obama Touts Investment in EnerDel, Now Bankrupt

    01/27/2012 9:40:19 AM PST · by Nachum · 5 replies
    Verum Serum ^ | 1/27/12 | John
    Yesterday I noted that another green energy investment by the Obama administration had gone bankrupt. I posted video of the Vice President visiting the company. Today I’ve got video of the President touting his green investment in Indiana, including the now bankrupt EnerDel. This is from August 2009:
 
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