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Delays dog U.S. government loans to green energy projects

reuters Renewable energy projects in general have been hurt by low natural gas prices and -- government officials fearful of taking a risk on firms that could collapse may have also caused some of the delays. The political firestorm after the failure of Solyndra, a solar panel maker that went bankrupt last year after receiving more than $527 million in a government loan, may have made the authorities wary, industry experts and investors say.

The Energy Department and some companies say the pace of disbursement reflects an appropriately cautious approach to handling taxpayer investment in nascent industries. In some cases, though, the rigid approval process for drawing on loans has frustrated recipients, who feel the government is withholding cash due to minor setbacks. A Reuters analysis of Treasury Department data on payments to 19 solar, wind and geothermal power projects of..


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Submitted Oct 05, 2012 By: fracknsave
Category: Daily News Article Discussions > Topics Add to favorite topics  
Author Topic: Delays dog U.S. government loans to green energy projects Back to Topics
REPLIES (newest first) Post a Reply
honda0105
Champion Author Tallahassee

Posts:24,091
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Message Posted: Oct 12, 2012 5:42:35 AM

lots of Monday night arm chair quarterbacks here again...
SUVFan
Champion Author Columbus

Posts:345,250
Points:2,404,305
Joined:Oct 2008
Message Posted: Oct 8, 2012 10:42:06 AM

I thought Gov. Romney handled this issue rather deftly during last week's debate, actually displaying the guts to confront the President directly on his so-called green energy "investments": "My buddy says you don't just pick winners and losers; you just pick the losers."

As Hot Air's Ed Morrisey demonstrates near the end of the video, the President's response to being picked on by the Governor was to pick something else. He never came back and refuted the charge, because their success stories with these loans pale in comparison to their losers.
carbuilder
Sophomore Author Detroit

Posts:219
Points:208,530
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Message Posted: Oct 7, 2012 6:50:16 PM

If the green companies do not get any money how will obama get any election contributions?
HawaiianGuy
Champion Author Idaho

Posts:12,754
Points:3,850,050
Joined:May 2003
Message Posted: Oct 6, 2012 6:32:15 PM

To paraphrase Obama's recent off-mike quip to the Russian president, "It'll be easier AFTER the election". After all the BS he fed the American people in 2008, people STILL believe this clown? There sure are a LOT of STUPID people in this country.
12mpgnavigator
Champion Author Seattle

Posts:2,844
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Message Posted: Oct 6, 2012 8:51:53 AM

Just donate to Odumba's campaign and those loans will be approved in no time!
qwerty17
Champion Author New Jersey

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Points:1,871,370
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Message Posted: Oct 6, 2012 8:01:37 AM

pet projects have no place in a down economy. there's plenty of time to go green. let's get fiscally healthy first.
Go4EVA
Sophomore Author Houston

Posts:203
Points:112,460
Joined:Aug 2011
Message Posted: Oct 6, 2012 7:24:02 AM

OUR Gov't picking the green energy losers, perhaps hope and change will come in Nov!! O-blame-a doesn't have a plan, other than to expand gov't and continue to blow up the $16 Trillion debt.
nb52
Champion Author Grand Rapids

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Message Posted: Oct 6, 2012 6:47:52 AM

Makes sense. It is OUR money, not the Energy Department's.
priznsara
Champion Author New Mexico

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Message Posted: Oct 6, 2012 5:37:07 AM

Ok
tomok
Champion Author Portland

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Message Posted: Oct 6, 2012 4:50:20 AM

Delays dog U.S. government loans to green energy projects, know when to hold green government loans and know when to fold 'em. Lately, it has Not be good for green government loans, give them the money and all they do is go out of business. There's Nothing to show for all that lost taxpayer money that will never be replace except from more government taxes. Caution: Do Not let Fred anywhere that money, the taxpayers money disappears every time with failed solar companies.
Whatever the size or shape of the vehicle, Produce and ‘Drive’ vehicles with high MPG, are very safe, reliable, have a ‘reasonable’ cost and a good ‘value’ for the money.
The price of fuel at the pump is too high!
XII/XXII/MMXII!
Rockwoodband
All-Star Author Flint

Posts:606
Points:421,050
Joined:Oct 2009
Message Posted: Oct 6, 2012 1:28:00 AM

No more loans to "green" companies. Obama has lost more tax dollars to bankrupt companies than we owe to China. All those companies just turned around and donated back to Obama's campaign. NO MORE LOANS!
rodzilla123
Champion Author San Diego

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Message Posted: Oct 6, 2012 12:16:19 AM

Het Folks, Any expert will tell you GREEN ENERGY costs way more than Oil, Coal or CNG Energy on any Day. Get some Smarts!!!
rahcat
Champion Author Grand Rapids

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Message Posted: Oct 6, 2012 12:15:14 AM

Cancel the projects and return tax payer money.
Dodge_Me
Champion Author Atlanta

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Message Posted: Oct 6, 2012 12:15:01 AM

come on guys, get r done
letterchunker
Champion Author Texas

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Message Posted: Oct 6, 2012 12:09:08 AM

Just wait if Obama's re-elected, there won't be anymore delays. It will be full blown give away money to deadbeat green energy companies
joel27nc
Champion Author Raleigh

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Message Posted: Oct 6, 2012 12:03:38 AM

Old article.
jem069
Champion Author Detroit

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Message Posted: Oct 6, 2012 12:01:30 AM

ok
bra0712
Champion Author Arizona

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Message Posted: Oct 6, 2012 12:00:36 AM

Oh
nehemiah
Champion Author Portland

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Message Posted: Oct 5, 2012 11:55:30 PM

lack of leadership at the US top level government...
TedNC
Champion Author North Carolina

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Message Posted: Oct 5, 2012 11:50:46 PM

I agree with Bvrbill.
bvrbill
Champion Author Eugene

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Message Posted: Oct 5, 2012 11:47:58 PM

Good. Stop throwing away taxpayer money.
carranco
Champion Author Georgia

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Message Posted: Oct 5, 2012 11:46:08 PM

No more delays. Just cancellations.
bonzoonfmb
Champion Author Florida

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Message Posted: Oct 5, 2012 11:43:39 PM

Don't give anyone anymore U.S. taxpayer money!
30mpg80
Champion Author Lexington

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Message Posted: Oct 5, 2012 11:42:46 PM

We need a big delay in the bankruptcy category
crashintuc34
Champion Author Tucson

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Message Posted: Oct 5, 2012 11:40:49 PM

Ok.
Marson
Champion Author Scranton

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Message Posted: Oct 5, 2012 11:38:59 PM

Time to make some serious cuts in spending.
usnerd
Veteran Author Dayton

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Message Posted: Oct 5, 2012 11:38:37 PM

Chicken feed compared to what the oil companies spend.
gd83goldwinger
Champion Author South Bend

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Message Posted: Oct 5, 2012 11:36:28 PM

Ok.
civicdutie
Champion Author Rochester

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Message Posted: Oct 5, 2012 11:36:26 PM

Got to stop spending somewhere before the generation of the 22nd century are not broke too.
Dodge_Me
Champion Author Atlanta

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Message Posted: Oct 5, 2012 11:35:38 PM

Okay
kbierley
Champion Author Dayton

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Message Posted: Oct 5, 2012 11:33:59 PM

Why do they put some much faith that this is the answer if only we throw more money at it?
unclenorman
Champion Author Tampa

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Message Posted: Oct 5, 2012 11:33:53 PM

Republicans causing their normal log jam.
veemotors
Champion Author Alberta

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Message Posted: Oct 5, 2012 11:33:39 PM

sure thing
kassie1203
Champion Author California

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Message Posted: Oct 5, 2012 11:28:38 PM

wow
suzmar
Champion Author Texas

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Message Posted: Oct 5, 2012 11:27:17 PM

As far as I am concerned they should delay government loans to green energy products permanently. If they had a viable business model they wouldn't need government loans.
dsaine
Champion Author North Carolina

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Message Posted: Oct 5, 2012 11:26:38 PM

K
1Casey
Champion Author Albany

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Message Posted: Oct 5, 2012 11:24:46 PM

government is trying to figure who's pocket to line .
Busymomma56
Sophomore Author Utah

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Joined:Mar 2012
Message Posted: Oct 5, 2012 11:21:19 PM

The government should have never given our money to them in the first place.
mstearno
Champion Author Dayton

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Message Posted: Oct 5, 2012 11:18:31 PM

He looked pretty shocked that Romney knew the facts on green jobs.....
abcdMA
Champion Author Worcester

Posts:11,137
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Message Posted: Oct 5, 2012 11:16:10 PM

lets not waste anymore of our money---and does the administration need more campaign funds?
serrog
Champion Author Nova Scotia

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Message Posted: Oct 5, 2012 11:15:23 PM

Waste
DustyHorse
Champion Author Virginia

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Message Posted: Oct 5, 2012 11:14:19 PM

Good lets not waste any more money.
oldiesman
Champion Author New York

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Message Posted: Oct 5, 2012 11:12:35 PM

I'am not surprised the Government caused the collapses!
CPGas1815
Champion Author Michigan

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Points:1,110,190
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Message Posted: Oct 5, 2012 11:11:08 PM

Blah, Blah Blah. I thought this forum is about the extreme pain we have experienced at the pump.
furiousfowl
Champion Author Riverside

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Message Posted: Oct 5, 2012 11:10:39 PM

no surprise
paoli8
Champion Author Philadelphia

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Message Posted: Oct 5, 2012 11:07:45 PM

I'm tire of paying for solar losers
Lukus
Champion Author Halifax

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Message Posted: Oct 5, 2012 11:04:32 PM

ok
FrankTA2
Champion Author New York

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Message Posted: Oct 5, 2012 10:59:37 PM

Get rid of the delays...
wayoung56
Champion Author Alabama

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Joined:Oct 2006
Message Posted: Oct 5, 2012 10:58:55 PM

Interesting article...
Ahking
Champion Author Orange County

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Message Posted: Oct 5, 2012 10:57:36 PM

Hope we still come out ahead of other countries.
carloco75
Champion Author Richmond

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Message Posted: Oct 5, 2012 10:52:16 PM

Its going according to planned...government is on top of everything...
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