80% of ‘Green Energy’ Loans Went to Top Obama Donors

[Larrry]

A new list of green energy loans doled out by the Obama administration reveals that 80% of the $20.5 billion in energy department loans went to Obama's top donors


http://biggovernment.com/whall/2011/11/16/80-of-green-energy-loans-went-to-obamas-top-donors/

 

[hypocritexposer]

Beacon Power, a Massachusetts-based company that won praise from renewable power activists and loan guarantees from the federal government, has filed for bankruptcy, potentially leaving taxpayers on the hook for $43 million.

The company, which promised to build storage devices for intermittent power produced by wind and solar power facilities, was never able to attract investors. Coming on the heels of the Solyndra bankruptcy and ensuing scandal, the Beacon Power bankruptcy has a growing number of people calling for an end to federal loan guarantees for risky alternative energy start-ups.

http://news.heartland.org/newspaper-article/2011/11/17/beacon-power-follows-solyndra-bankruptcy