Solyndra Is Blamed as Clean-Energy Loan Program Stalls
More than $16 billion in loans authorized five years ago by Congress to develop fuel-efficient vehicles has yet to be disbursed, with applicants for the money complaining that the Energy Department is crippling plans for greener cars and trucks at a time of rising gas prices.
Some companies contend that the loans, administered by energy officials, have dried up because of a political firestorm that followed the bankruptcy last year of the solar panel company Solyndra, which had received a federal loan from a related program. The bankruptcy fed Republican criticism of the Obama administration’s handling of clean energy loans because one of the investors in Solyndra was a major fund-raiser for the president.
03/13/2012 at 10:07 pm |
I have a green car now: it won’t run.
Ask the local Chevrolet dealers how proud they are to be stuck with two electric Chevy Volts each: GM makes them take two so they can get cars and trucks they can really sell. I doubt anyone would steal a Volt if you left the keys in it: they would be afraid they could not get very far away before it conked out. No one wants them anyway.
03/15/2012 at 6:46 am |
The entire global warming scheme is a fraud perpetrated by people like Al Gore to line their pockets at the expense of taxpayers. There is absolutely no such thing as anthropogenic global warming. Period! Every breath we exhale is pure carbon dioxide, and plants take in carbon dioxide while releasing oxygen in a symbiotic relationship. Every one of these green con games has folded up when it came time for Americans to part with their hard earned money to support them. Fiskar Automotive sent one of its cars to be tested by Consumer Reports and it didn’t even make it through the check in procedure before it died. Consumer Reports says this is the first time a car has ever failed in the check in process. They are total pieces of crap. And, don’t even get me started on that V Vehicle con!