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Mike

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DOE Mulls Green Energy Loans At $23 Million Per Job

By SEAN HIGGINS, INVESTOR'S BUSINESS DAILY Posted 09/27/2011 05:59 PM ET


The Department of Energy is set on Thursday to announce whether nine federal loan guarantees amounting to $6.5 billion for green energy projects will get final approval.

The number of full-time, permanent jobs they would create? According to the DOE's own figures, a grand total of 283. That is nearly $23 million per job.

It's also a drop in the bucket toward the five million green jobs President Obama promised as a candidate in 2008.
 

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