energy subsidies

Taxpayers Eat Another Solar Energy Flop

Looks like another federally backed solar energy plant has gone bust.
Posted by David Boaz on January 21, 2020 - 12:18pm

Perry the Profligate

Rick Perry is one of the more disappointing of Trump’s cabinet secretaries. He once fashioned himself a conservative budget-cutter, but since becoming head of the Department of Energy (DOE), he has focused on defending subsidies rather than cutting anything.

Is Green Energy Competitive?

Without government intervention, renewable energy cannot compete with conventional resources.

Green Energy Corporate Welfare

We should drop all energy subsidies, restrictions, mandates, and trade barriers and let the free market deliver the right mix of energy at the lowest cost.

Trump to Propose Energy Cuts

As we near the release of President Trump’s new budget, some of his proposals are leaking to the press.

More Bad News from Alabama

A Trump friend wants a subsidy from the Department of Energy (DOE) to complete a nuclear power plant in Alabama, reports The Daily Caller.

Pennsylvania's Solyndra

Another government-subsidized solar energy company is headed to bankruptcy. The latest casualty is Flabeg Solar U.S. Corp, a subsidiary of a German company. Flabeg’s Pittsburgh plant has been shuttered and its employees laid off.

The 'No More Solyndras Act' Charade

Last week, the House passed the “No More Solyndras Act” on a mostly party-line vote. However, instead of terminating the Department of Energy loan guarantee program that subsidized Solyndra and other boondoggles, the bill allows applicants who filed before the first of this year to still receive handouts.

Another Subsidized Solar Company Goes Dark

Solyndra received some company late last week when Abound Solar filed for bankruptcy and announced that it was shutting down operations. Abound, which received $70 million from taxpayers, is the third company backed by a Department of Energy loan program to go belly up.

Political Support for Energy’s Loan Guarantees

Several weeks ago, 127 House Republicans joined 155 Democrats to defeat an amendment introduced by Rep. Dennis Kucinich (D-OH) and Rep. Tom McClintock (R-CA) that would have shut down the Department of Energy’s Title 17 loan guarantee program. That’s the program that gave birth to Solyndra, which has come to symbolize the failure of the Obama administration’s crony capitalist policies.

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