Showing posts with label DOE. Show all posts
Showing posts with label DOE. Show all posts

Wednesday, October 31, 2012

Busted: Emails prove Obama used DOE loans to help Harry Reid get re-elected...

Least surprising story of the day...

Via Beltway Confidential:
President Obama claims that political considerations did not influence the Energy Department’s green energy loan program, but newly-released internal emails show that his administration subsidized Nevada companies in order to help Senate Majority Leader Harry Reid, D-Nev., win his 2010 reelection campaign.

“And these are decisions, by the way, that are made by the Department of Energy, they have nothing to do with politics,” Obama said last week when asked about the green companies that have gone bankrupt despite receiving taxpayer support.

The House Oversight and Government Reform Committee released DOE emails today that compromise Obama’s position on two counts: one, the emails show that Obama himself was involved in approving loans; two, DOE officials were keenly aware of the political interests at stake, as they regarded the loans as a way for the White House to help Reid by giving him a way to brag about bringing federal money into Nevada.

Messages from late in 2010 demonstrate that DOE officials were concerned that President Obama’s personal desire to get DOE loans approved was putting tax payer money at risk.

Saturday, April 7, 2012

That Flushing Sound You Hear Is Obama's DOE Preparing For Another Round of “Green Energy” Loans

The Green Energy loans have worked so well so far...

List Of Failed Green Energy Jobs – By Obama

  • Solar Trust of America: FAIL
  • Bright Source: FAIL
  • Solyndra: FAIL
  • LSP Energy: FAIL
  • Energy Conversion Devices: FAIL
  • Abound Solar: FAIL
  • SunPower: FAIL
  • Beacon Power: FAIL
  • Ecotality: FAIL
  • A123 Solar: FAIL
  • UniSolar: FAIL
  • Azure Dynamics: FAIL
  • Evergreen Solar: FAIL
  • Ener1: FAIL
 The above link does not include Fisker Automotive and A123 Systems (batteries), which both have serious problems.

Via The Hill:
The Energy Department said Thursday it expects to begin tentatively approving new taxpayer-backed loans for renewable energy projects in the coming months.
The announcement comes about seven months after Solyndra, the California solar firm that received a $535 million loan guarantee from the administration in 2009, went bankrupt, setting off a firestorm in Washington.
“The Department expects to begin issuing conditional commitments over the next several months after completing a rigorous internal and external review of each application,” Energy Department loan program chief David Frantz wrote to the top lawmakers on the Senate Energy and Natural Resources Committee.
Frantz – in the letter to committee Chairman Jeff Bingaman (D-N.M.) and ranking Republican Sen. Lisa Murkowski (Alaska) – stressed that projects receiving loan guarantees will be “subject to a robust monitoring effort to ensure that taxpayers’ investments are protected.”
Keep on reading…