Jul 27, 2012

The Green Graveyard of Taxpayer-Funded Failures

Sobering...  Solar-cell manufacturer Solyndra became a household name when it collapsed, taking $627 million in American taxpayer dollars with it. It’s the poster company for the government picking winners and losers—or really, just losers—in the energy market. But there are 12 more “green energy” losers that have declared bankruptcy despite attempts to prop them up with taxpayer money—and the list is growing. There’s a reason why these companies could not rely solely on private financing and needed help from the government. They couldn’t make it on their own; they couldn’t even make it with extra taxpayer help.

Read on at:
http://blog.heritage.org/2012/07/24/morning-bell-the-green-graveyard-of-taxpayer-funded-failures