P@triot
Diamond Member
On The Taxpayer's Dime, DOE Funds Bankrupt Energy Company
The Department of Energy gives grants to companies that produce clean energy. Recently the department gave nearly $1 million in grant funds to a battery company on the very day the company filed for bankruptcy. And where do the funds for the grant come? Your taxes.
The Heritage Foundations Lachlan Markay, investigative reporter for Heritages Center for Media and Public Policy, explains this grievous waste of taxpayer dollars was given to the battery making company, A123 Systems Inc.
The DOE agreed to give the company a $249 million clean energy grant, of which, as Lachlan explains: As of November 14, $115.8 million of the A123s grant remained outstanding.
DOE Issues Nearly $1 Million to Ailing A123 on Day of Bankruptcy Filing
The Department of Energy gives grants to companies that produce clean energy. Recently the department gave nearly $1 million in grant funds to a battery company on the very day the company filed for bankruptcy. And where do the funds for the grant come? Your taxes.
The Heritage Foundations Lachlan Markay, investigative reporter for Heritages Center for Media and Public Policy, explains this grievous waste of taxpayer dollars was given to the battery making company, A123 Systems Inc.
The DOE agreed to give the company a $249 million clean energy grant, of which, as Lachlan explains: As of November 14, $115.8 million of the A123s grant remained outstanding.
DOE Issues Nearly $1 Million to Ailing A123 on Day of Bankruptcy Filing