SOLYNDRA AIN'T THE ONLY ONE: Another "Green" Company Goes Belly Up in the Age of Obama
This time in the land of liberals, Taxachusetts.THE GREEN ECONOMY IS TFBS - JUST LIKE THE AGW CRAP IT'S BASED ON.
lt;span class=" error="" id="SPELLING_ERROR_2">Evergreen Solar Inc., the Massachusetts clean-energy company that received millions in state subsidies from the Patrick administration for an ill-fated Bay State factory, has filed for bankruptcy, listing $485.6 million in debt.Getting a sense of déjà vu yet? Just last month, we heard that an electric car company in Salinas padlocked their doors after half a million dollars from state and local governments.
Evergreen, which closed its taxpayer-supported Devens factory in March and cut 800 jobs, has been trying to rework its debt for months. The cash-strapped company announced today has sought a reorganization in U.S. Bankruptcy Court in Delaware and reached a deal with certain note holders to restructure its debt and auction off assets.
A month before that, electric car company Think Global AS filed for bankruptcy, too.Think Global AS plans to liquidate its assets, according to a statement from its exclusive battery supplier, Ener1 Inc.Green cars, batteries for green cars, solar panels...all the industries that people like Obama tout as the hope for American and for jobs seems to be illusory at best. Particularly, after the public money runs out.
Ener1, which engineers and makes its batteries in the Indianapolis area at its EnerDel subsidiary, notified investors Wednesday that the company would take a charge of more than $32 million on unpaid loans and accounts receivable from Think Global.
FROM ITS INCEPTION, CLIMATE CHANGE WAS A LEFTIST SCHEME DESIGNED TO HOBBLE INDUSTRY AND HERALD SOCIALISM.
(LORD MONCKTON DSCUSSES MAURICE STRONG IN A 5 PART VIDEO INTERVIEW HERE.)
(MORE ON THE LEFTIST TROJAN HORSE CALLED THE IPCC HERE.)
HERE'S WHAT THE LEFT'S CLIMATE CHANGE HOAX HAS ACTUALLY ACCOMPLISHED:
- THE FURTHER IMPOVERISHMENT OF THE THIRD WORLD - WHICH DESPERATELY NEEDS INDUSTRIALIZATION TO END EONS OF POVERTY,
- THE CRIPPLING OF ECONOMIC GROWTH,
- AND THE DECIMATION OF THE WEST'S MIDDLE CLASS.
WE NEED TO SMASH THE FUNDING FOR ALL "GREEN ECONOMY" COMPANIES AND CO2PHOBIC ORGANIZATIONS...
AND ALL THEIR SUBSIDIES, TOO...
AND CONTINUE TO DEMOLISH THE SO-CALLED SCIENTIFIC BASIS FOR ITS ATTACK ON C02 - A BENIGN GAS.
UPDATE: MUST SEE TV HERE! (11 MINUTES)
COMPLETE ROUND UP HERE AT MEMEORANDUM.
UPDATE: MORE SMOKING GUNS CONNECTING WHITE HOUSE TO THE $500MILLION DOLLAR LOAN TO SOLYNDRA!