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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

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honda0105 Champion Author Tallahassee Posts:18,610 Points:1,608,545 Joined:Nov 2008	Message Posted: Oct 12, 2012 5:42:35 AM Ignore honda0105 Report Abuse lots of Monday night arm chair quarterbacks here again...
SUVFan Champion Author Columbus Posts:13,910 Points:1,632,600 Joined:Oct 2008	Message Posted: Oct 8, 2012 10:42:06 AM Ignore SUVFan Report Abuse 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 Rookie Author Detroit Posts:78 Points:90,235 Joined:Jul 2007	Message Posted: Oct 7, 2012 6:50:16 PM Ignore carbuilder Report Abuse If the green companies do not get any money how will obama get any election contributions?
HawaiianGuy Champion Author Idaho Posts:9,523 Points:3,078,725 Joined:May 2003	Message Posted: Oct 6, 2012 6:32:15 PM Ignore HawaiianGuy Report Abuse 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:2,774 Points:650,935 Joined:Jun 2009	Message Posted: Oct 6, 2012 8:51:53 AM Ignore 12mpgnavigator Report Abuse Just donate to Odumba's campaign and those loans will be approved in no time!
qwerty17 Champion Author New Jersey Posts:3,650 Points:1,116,925 Joined:Oct 2009	Message Posted: Oct 6, 2012 8:01:37 AM Ignore qwerty17 Report Abuse 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:186 Points:66,070 Joined:Aug 2011	Message Posted: Oct 6, 2012 7:24:02 AM Ignore Go4EVA Report Abuse 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 Posts:7,775 Points:1,545,875 Joined:Nov 2008	Message Posted: Oct 6, 2012 6:47:52 AM Ignore nb52 Report Abuse Makes sense. It is OUR money, not the Energy Department's.
priznsara Champion Author New Mexico Posts:3,648 Points:531,670 Joined:Nov 2008	Message Posted: Oct 6, 2012 5:37:07 AM Ignore priznsara Report Abuse Ok
tomok Champion Author Portland Posts:32,987 Points:2,344,535 Joined:Aug 2006	Message Posted: Oct 6, 2012 4:50:20 AM Ignore tomok Report Abuse 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:584 Points:402,510 Joined:Oct 2009	Message Posted: Oct 6, 2012 1:28:00 AM Ignore Rockwoodband Report Abuse 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 Posts:4,395 Points:1,033,390 Joined:Jul 2008	Message Posted: Oct 6, 2012 12:16:19 AM Ignore rodzilla123 Report Abuse 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 Posts:2,468 Points:662,200 Joined:Jan 2010	Message Posted: Oct 6, 2012 12:15:14 AM Ignore rahcat Report Abuse Cancel the projects and return tax payer money.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:555,480 Joined:Mar 2006	Message Posted: Oct 6, 2012 12:15:01 AM Ignore Dodge_Me Report Abuse come on guys, get r done
letterchunker Champion Author Texas Posts:2,245 Points:667,675 Joined:Aug 2008	Message Posted: Oct 6, 2012 12:09:08 AM Ignore letterchunker Report Abuse 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 Posts:10,532 Points:1,857,395 Joined:Mar 2008	Message Posted: Oct 6, 2012 12:03:38 AM Ignore joel27nc Report Abuse Old article.
jem069 Champion Author Detroit Posts:2,538 Points:687,080 Joined:Jan 2011	Message Posted: Oct 6, 2012 12:01:30 AM Ignore jem069 Report Abuse ok
bra0712 Champion Author Arizona Posts:3,660 Points:767,595 Joined:Nov 2008	Message Posted: Oct 6, 2012 12:00:36 AM Ignore bra0712 Report Abuse Oh
nehemiah Champion Author Portland Posts:4,756 Points:929,640 Joined:Jul 2007	Message Posted: Oct 5, 2012 11:55:30 PM Ignore nehemiah Report Abuse lack of leadership at the US top level government...
TedNC All-Star Author North Carolina Posts:995 Points:226,950 Joined:May 2011	Message Posted: Oct 5, 2012 11:50:46 PM Ignore TedNC Report Abuse I agree with Bvrbill.
bvrbill Champion Author Eugene Posts:3,217 Points:517,775 Joined:Jul 2011	Message Posted: Oct 5, 2012 11:47:58 PM Ignore bvrbill Report Abuse Good. Stop throwing away taxpayer money.
carranco Champion Author Georgia Posts:1,027 Points:269,015 Joined:Dec 2008	Message Posted: Oct 5, 2012 11:46:08 PM Ignore carranco Report Abuse No more delays. Just cancellations.
bonzoonfmb Champion Author Florida Posts:1,782 Points:643,835 Joined:Feb 2010	Message Posted: Oct 5, 2012 11:43:39 PM Ignore bonzoonfmb Report Abuse Don't give anyone anymore U.S. taxpayer money!
30mpg80 Champion Author Lexington Posts:10,019 Points:1,486,880 Joined:Nov 2008	Message Posted: Oct 5, 2012 11:42:46 PM Ignore 30mpg80 Report Abuse We need a big delay in the bankruptcy category
crashintuc34 Champion Author Tucson Posts:4,042 Points:810,690 Joined:May 2010	Message Posted: Oct 5, 2012 11:40:49 PM Ignore crashintuc34 Report Abuse Ok.
Marson Champion Author Scranton Posts:8,942 Points:2,077,185 Joined:Oct 2006	Message Posted: Oct 5, 2012 11:38:59 PM Ignore Marson Report Abuse Time to make some serious cuts in spending.
usnerd Veteran Author Dayton Posts:317 Points:227,805 Joined:Jul 2012	Message Posted: Oct 5, 2012 11:38:37 PM Ignore usnerd Report Abuse Chicken feed compared to what the oil companies spend.
gd83goldwinger Champion Author South Bend Posts:1,428 Points:504,230 Joined:May 2011	Message Posted: Oct 5, 2012 11:36:28 PM Ignore gd83goldwinger Report Abuse Ok.
civicdutie Champion Author Rochester Posts:4,506 Points:953,485 Joined:Nov 2008	Message Posted: Oct 5, 2012 11:36:26 PM Ignore civicdutie Report Abuse Got to stop spending somewhere before the generation of the 22nd century are not broke too.
Dodge_Me Champion Author Atlanta Posts:2,214 Points:555,480 Joined:Mar 2006	Message Posted: Oct 5, 2012 11:35:38 PM Ignore Dodge_Me Report Abuse Okay
kbierley Champion Author Dayton Posts:10,730 Points:1,415,690 Joined:Nov 2003	Message Posted: Oct 5, 2012 11:33:59 PM Ignore kbierley Report Abuse Why do they put some much faith that this is the answer if only we throw more money at it?
unclenorman Champion Author Tampa Posts:1,338 Points:138,300 Joined:Jan 2012	Message Posted: Oct 5, 2012 11:33:53 PM Ignore unclenorman Report Abuse Republicans causing their normal log jam.
veemotors All-Star Author Alberta Posts:710 Points:66,320 Joined:Jun 2008	Message Posted: Oct 5, 2012 11:33:39 PM Ignore veemotors Report Abuse sure thing
kassie1203 Champion Author California Posts:1,379 Points:254,260 Joined:Sep 2012	Message Posted: Oct 5, 2012 11:28:38 PM Ignore kassie1203 Report Abuse wow
suzmar Champion Author Texas Posts:2,212 Points:871,990 Joined:Jun 2006	Message Posted: Oct 5, 2012 11:27:17 PM Ignore suzmar Report Abuse 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 Posts:2,992 Points:631,520 Joined:May 2011	Message Posted: Oct 5, 2012 11:26:38 PM Ignore dsaine Report Abuse K
1Casey Champion Author Albany Posts:6,528 Points:1,791,785 Joined:Jun 2004	Message Posted: Oct 5, 2012 11:24:46 PM Ignore 1Casey Report Abuse government is trying to figure who's pocket to line .
Busymomma56 Sophomore Author Utah Posts:224 Points:52,120 Joined:Mar 2012	Message Posted: Oct 5, 2012 11:21:19 PM Ignore Busymomma56 Report Abuse The government should have never given our money to them in the first place.
mstearno Champion Author Dayton Posts:8,066 Points:1,731,235 Joined:Jan 2008	Message Posted: Oct 5, 2012 11:18:31 PM Ignore mstearno Report Abuse He looked pretty shocked that Romney knew the facts on green jobs.....
abcdMA Champion Author Worcester Posts:7,922 Points:1,574,980 Joined:Nov 2008	Message Posted: Oct 5, 2012 11:16:10 PM Ignore abcdMA Report Abuse lets not waste anymore of our money---and does the administration need more campaign funds?
serrog Champion Author Nova Scotia Posts:5,564 Points:1,512,130 Joined:Oct 2008	Message Posted: Oct 5, 2012 11:15:23 PM Ignore serrog Report Abuse Waste
DustyHorse Champion Author Virginia Posts:6,085 Points:1,391,805 Joined:Oct 2008	Message Posted: Oct 5, 2012 11:14:19 PM Ignore DustyHorse Report Abuse Good lets not waste any more money.
oldiesman Champion Author New York Posts:6,427 Points:2,193,960 Joined:May 2006	Message Posted: Oct 5, 2012 11:12:35 PM Ignore oldiesman Report Abuse I'am not surprised the Government caused the collapses!
CPGas1815 Champion Author Michigan Posts:6,027 Points:1,099,605 Joined:Apr 2008	Message Posted: Oct 5, 2012 11:11:08 PM Ignore CPGas1815 Report Abuse Blah, Blah Blah. I thought this forum is about the extreme pain we have experienced at the pump.
furiousfowl Champion Author Riverside Posts:16,855 Points:2,749,180 Joined:May 2005	Message Posted: Oct 5, 2012 11:10:39 PM Ignore furiousfowl Report Abuse no surprise
paoli8 Champion Author Philadelphia Posts:7,077 Points:1,819,540 Joined:Jul 2007	Message Posted: Oct 5, 2012 11:07:45 PM Ignore paoli8 Report Abuse I'm tire of paying for solar losers
Lukus Champion Author Halifax Posts:8,279 Points:1,674,375 Joined:Nov 2007	Message Posted: Oct 5, 2012 11:04:32 PM Ignore Lukus Report Abuse ok
FrankTA2 Champion Author New York Posts:4,293 Points:1,094,560 Joined:Jun 2007	Message Posted: Oct 5, 2012 10:59:37 PM Ignore FrankTA2 Report Abuse Get rid of the delays...
wayoung56 Champion Author Alabama Posts:2,800 Points:818,335 Joined:Oct 2006	Message Posted: Oct 5, 2012 10:58:55 PM Ignore wayoung56 Report Abuse Interesting article...
Ahking Champion Author Orange County Posts:3,507 Points:603,450 Joined:May 2011	Message Posted: Oct 5, 2012 10:57:36 PM Ignore Ahking Report Abuse Hope we still come out ahead of other countries.