The White House issued a veto threat on Monday, saying the (Farm) bill “would reduce access to food assistance for struggling families and their children, does not contain sufficient commodity and crop insurance reforms, and does not provide funding for renewable energy, which is an important source of jobs and economic growth in rural communities across the country.” When the government plays venture capitalist, it tends to reward companies that are connected to the policymakers themselves or because it sounds nice to “invest” in green energy. The complete list of faltering or bankrupt green-energy companies: Evergreen Solar ($25 million)* SpectraWatt ($500,000)* Solyndra ($535 million)* Beacon Power ($43 million)* Nevada Geothermal ($98.5 million) SunPower ($1.2 billion) First Solar ($1.46 billion) Babcock and Brown ($178 million) EnerDel’s subsidiary Ener1 ($118.5 million)* Amonix ($5.9 million) Fisker Automotive ($529 million) Abound Solar ($400 million)* A123 Systems ($279 million)* Willard and Kelsey Solar Group ($700,981)* Johnson Controls ($299 million) Brightsource ($1.6 billion) ECOtality ($126.2 million) Raser Technologies ($33 million)* Energy Conversion Devices ($13.3 million)* Mountain Plaza, Inc. ($2 million)* Olsen’s Crop Service and Olsen’s Mills Acquisition Company ($10 million)* Range Fuels ($80 million)* Thompson River Power ($6.5 million)* Stirling Energy Systems ($7 million)* Azure Dynamics ($5.4 million)* GreenVolts ($500,000) Vestas ($50 million) LG Chem’s subsidiary Compact Power ($151 million) Nordic Windpower ($16 million)* Navistar ($39 million) Satcon ($3 million)* Konarka Technologies Inc. ($20 million)* Mascoma Corp. ($100 million) *Denotes companies that have filed for bankruptcy.
Posted on: Tue, 18 Jun 2013 17:57:21 +0000
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