Wednesday, October 21, 2020
Home Middle Column The Green Jobs Debacle: 'Dept of Labor's IG found that a $500...

The Green Jobs Debacle: ‘Dept of Labor’s IG found that a $500 million program for training people with so-called green skills has so far produced only 1,336 jobs that have lasted over 6 months’

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– Ener1, after receiving $118.5 million from DOE, filed for bankruptcy protection

– Evergreen Solar, after receiving millions of dollars from the state of Massachusetts, filed for bankruptcy protection

– SpectraWatt, backed by Intel and Goldman Sachs, filed for bankruptcy protection’

– Beacon Power, after receiving $43 million from DOE, filed for bankruptcy protection

– Abound Solar, after receiving $400 million from DOE, filed for bankruptcy protection.

– Amonix, after receiving $5.9 million from DOE, filed for bankruptcy protection.

– Babcock & Brown (an Australian company), after receiving $178 million from DOE, filed for bankruptcy protection.

– A123 Systems, after receiving $279 million from DOE, shipped some bad batteries and is barely operating. It cut jobs.

– Solar Trust for America, after receiving a $2.1-billion loan guarantee from DOE, filed for bankruptcy protection.

– Nevada Geothermal, after receiving $98.5 million from DOE, warns of potential defaults in new SEC filings.

More here.

 

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