US taxpayers giving $4B to foreign firms for green energy projects

[LadyGunSlinger]

US taxpayers giving $4B to foreign firms for green energy projects, study says | Fox News

Billions of dollars have filled the coffers of overseas firms while the evidence of the promised permanent jobs and economic growth here in the United States is scarce," the report said.

Nearly $1.8 billion, for example, went to various wind energy projects across the country under the U.S. division of Spain's Iberdrola Renewables.


America over 16.4 trillion in debt, almost half of it, ALL OBAMA'S debt and we're giving BILLIONS to foreign greenies?

 

[TNHarley]

Quit being so greedy with the money we don't have

 

[RoadVirus]

Obama's spending priorities, ladies and gents!

Meanwhile, we have Deficient Levees across American that, if they collapse, could threaten lives and property.

 

[WillowTree]

quit yer bitchin it's what americans voted for, it's what they deserve.

 

[BlindBoo]

The program, though, nevertheless was funding projects in the United States that largely employed U.S. workers. According to a July 2012 status report, more than 45,000 projects were funded at the time -- presumably more have been funded since. The projects have also helped boost the country's electricity generation from renewable sources.

Nancy McLernon, president of the Organization for International Investment, said the House report mischaracterizes the economic benefit of U.S. subsidiaries.

"U.S. subsidiaries are not rivals of U.S. industry, they're an important part of it," she told FoxNews.com. "This is in-sourcing."

Energy Department spokesman Bill Gibbons also defended the grant money, saying the program has directly benefited the U.S. economy and boosted U.S. wind power.

"All of the recipients of 1603 funds are U.S. taxpayers and all of the projects funded are located in the United States. Therefore, every single project that has received funds to produce clean energy generation here in the United States is directly creating investment in America and domestic jobs," he said. "That's true for every corporate tax credit or deduction -- not just the ones that our critics don't like."

Read more: US taxpayers giving $4B to foreign firms for green energy projects, study says | Fox News