MORE THAN SOLYNDRA: Department of Energy Gave Out Millions in GREEN ENERGY LOANS
The Department of Energy has released hundreds of heavily redacted emails which show that they’ve given away hundreds of millions in loans to green energy companies like Solyndra.
Solyndra was shown to be nothing more than crony capitalism. What about these other companies?
The Daily Caller reported:
‘Four Times Greater Than Solyndra’: DOE Drops 1,200 Pages Of Heavily Redacted Docs On Green Energy Loans
The Department of Energy recently turned over more than 1,200 pages of heavily redacted documents in response to a records request about a subsidized biofuels company from The Daily Caller News Foundation.
In October, TheDCNF filed a FOIA request with the Energy Department, asking for email records from government officials regarding federal loan guarantees given to Abengoa, a Spanish-based green energy company. The request came on the heels of reports Abengoa was running into big financial problems, despite being given generous taxpayer-backed loans.
The DOE gave TheDCNF the records it requested Dec. 18, and after spending time reviewing the documents, it’s apparent there’s a lot of information the department did not want the public to see. The DOE redacted virtually all information specific to Abengoa — in many cases whole pages were blacked out.
Reporters were mostly interested in Abengoa’s $400 million biofuels plant near Hugoton, Kansas. The company got a $132 million federal loan and a $97 million grant to build the plant, but after a year of operation the plant seemed to be having problems of its own. Despite the hype surrounding the plant, Abengoa has filed for bankruptcy and halted operations in Hugoton.
The Obama administration would never waste taxpayer money, would they?