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Thread: Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

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    Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    The Abound Solar plant, which got $400 million in federal loan guarantees in 2010, when the Obama administration sought to use stimulus funds to promote green energy, filed for bankruptcy two years later. Now its Longmont, Colo., facility sits unoccupied, its 37,000 square feet littered with hazardous waste, broken glass and contaminated water.

    The Northern Colorado Business Report estimates it will cost up to $3.7 million to clean and repair the building so it can again be leased.

    While the loan guarantees exposed taxpayers to hundreds of millions of dollars, the federal government lost a total of $70 million backing the failed company. Unsold inventory which should have been used to offset those losses, including 2,000 solar panels, mysteriously disappeared, according to the National Legal and Policy Center.
    "If a coal, oil or gas company pulled something like that the EPA would send out SWAT teams and the U.S. Marshals to track down the offenders, bankrupt or not," the center said in a report of its own.


    President Obama touted Abound in a July 3, 2010 announcement of a $2 billion “investment” in green energy projects.


    "The second company is Abound Solar Manufacturing, which will manufacture advanced solar panels at two new plants, creating more than 2,000 construction jobs and 1,500 permanent jobs," Obama said. "

    Bankrupt solar panel firm took stimulus money, left a toxic mess, says report | Fox News
    The only green energy went from the taxpayer's pocket to the Friends of Obama and back to Obama's Campaign.

    Friends of Obama... 2000 jobs and 1500 permanent jobs... ROTFLOL... in hazmat suits.

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    Re: Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    Ah come on its only $400,000,000 who cares? Don't you know Bush did it?

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    Re: Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    The Obama administration has been a real dud in finding worthwhile renewable energy projects. If I didn't know better, I'd say Dick Cheney was picking the investments. Still, anything is better than subsidizing NUKES. We are still doing that.

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    Re: Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    Quote Originally Posted by DaveFagan View Post
    The Obama administration has been a real dud in finding worthwhile renewable energy projects. If I didn't know better, I'd say Dick Cheney was picking the investments. Still, anything is better than subsidizing NUKES. We are still doing that.
    To be fair, the technology isn't there, yet. If it was, the non-subsidized oil companies would have produced the product and marketted.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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    Re: Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    Quote Originally Posted by DaveFagan View Post
    The Obama administration has been a real dud in finding worthwhile renewable energy projects. If I didn't know better, I'd say Dick Cheney was picking the investments. Still, anything is better than subsidizing NUKES. We are still doing that.
    The Obama administration is far beyond a dud... period. It's a collection of cartoonish Scuds loaded with ObamaCrap that are exploding all over the nation.

    Cheney actually ran things and did a good job; in the private and public sector. He actually had successes in life.

    Obama?

    Obama has never run anything successfully. Failed as community organizer, failed with his terrorist buddy Ayers with the Chicago Annenberg Challenge, and we can put a fork in his failed presidency.
    The Clintons are what happens...
    when you have NO MORAL COMPASS.

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    Re: Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    Quote Originally Posted by DaveFagan View Post
    The Obama administration has been a real dud in finding worthwhile renewable energy projects. If I didn't know better, I'd say Dick Cheney was picking the investments. Still, anything is better than subsidizing NUKES. We are still doing that.
    Even wasting money on deadend businesses.
    "He who does not think himself worth saving from poverty and ignorance by his own efforts, will hardly be thought worth the efforts of anybody else." -- Frederick Douglass, Self-Made Men (1872)
    "Fly-over" country voted, and The Donald is now POTUS.

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    Re: Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    Quote Originally Posted by CalGun View Post
    Ah come on its only $400,000,000 who cares? Don't you know Bush did it?
    Only 400 million? That's like all of the taxes you and 800 people will pay for your entire lives. It's "no big deal" that the government is taking your money and handing it to people much, much richer than you?
    Quote Originally Posted by LowDown View Post
    I've got to say that it is shadenfreudalicious to see the rich and famous fucquewads on the coast suffering from the fires.

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    Re: Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    Quote Originally Posted by apdst View Post
    To be fair, the technology isn't there, yet. If it was, the non-subsidized oil companies would have produced the product and marketted.
    The technology is there. The current distribution of energy monopoly is the group exerting power to prevent implementation.

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    Re: Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    Quote Originally Posted by zimmer View Post
    The Obama administration is far beyond a dud... period. It's a collection of cartoonish Scuds loaded with ObamaCrap that are exploding all over the nation.

    Cheney actually ran things and did a good job; in the private and public sector. He actually had successes in life.

    Obama?

    Obama has never run anything successfully. Failed as community organizer, failed with his terrorist buddy Ayers with the Chicago Annenberg Challenge, and we can put a fork in his failed presidency.
    You seem a trifle biased. He did get re-elected against a helpless and hopeless greed monger, so by comparison he seems to be a real gem. I don't support him because he assisted in the death of Qaddafi, the Best leader in Africa. Your crap is just partisan nonsense.

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    Re: Bankrupt solar panel firm took stimulus money, left a toxic mess, says report

    Quote Originally Posted by DaveFagan View Post
    The technology is there. The current distribution of energy monopoly is the group exerting power to prevent implementation.
    That's a myth. Do you actually believe the energy companies aren't going to corner the market if a viable product existed? Think about it.
    Quote Originally Posted by Top Cat View Post
    At least Bill saved his transgressions for grown women. Not suggesting what he did was OK. But he didn't chase 14 year olds.

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