Green Firms Get Fed Cash, Give Execs Bonuses, Fail

Discussion in 'Politics' started by Robodoon, Mar 6, 2012.

  1. Robodoon
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    Robodoon Senior Member

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    Green Firms Get Fed Cash, Give Execs Bonuses, Fail

    President Obama's Department of Energy helped finance several green energy companies that later fell into bankruptcy -- but not before the firms doled out six-figure bonuses and payouts to top executives, a Center for Public Integrity and ABC News investigation found.

    Take, for instance, Beacon Power Corp., the second recipient of an Energy Department loan guarantee in 2009. In March 2010, the Massachusetts energy storage company paid cash bonuses of $259,285 to three executives in part due to progress made on the $43 million energy loan, Securities and Exchange Commission records show. Last October, Beacon Power filed for Chapter 11 bankruptcy.

    EnerDel, maker of lithium-ion battery systems, landed a $118.5 million energy grant in August 2009. About one-and-a-half years later, Vice President Joe Biden toured a company plant in Indiana and heralded its taxpayer-supported expansion as one of the "100 Recovery Act Projects That Are Changing America." Continued

    Comment: The Green movement is a Global Government movement, based on UN AGENDA 21. One of its key elements is global Fascism. This allows the power elite a lot of control of the economy as well as many criminal opportunities to crush and steal from the people while they bellow their excuse of "saving the earth" while really the ones (they) involved are the only ones really destroying nature and man.

    Learn about the super evil and wicked United Nations Agenda 21 here Freedom Advocates | Exposing Agenda 21 and Sustainable Development
     
    Last edited: Mar 6, 2012
  2. driveby
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    driveby Gold Member

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    Who cares about this? Don't you know Rush Limbaugh called someone a slut? .......
     

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