• About Us
  • Activity
  • Advertising
  • Books
  • Business
  • Contact
  • Entertainment
  • feedback
  • Government
  • Home
  • Interviews
  • Members
  • National
  • Nevada
  • Nevada News and Views
  • Newsmax
  • NN&V Ads
  • Opinion
  • Politics
  • Polls
  • Privacy Policy
  • Subscribe
  • Subscription Confirmation
  • Survey
  • Survey
  • Terms of Service
  • Today’s Top 10
  • Travel
  • Travel
  • Travel
  • Welcome!
  • Yop Poll Archive
Nevada News and Views
  • Home
  • Muth’s Truths
  • Politics
  • Government
  • Entertainment
  • More
    • Nevada
    • Opinion
    • Business
    • Travel
    • News
    • Sports
  • Facebook

  • Twitter

  • Pinterest

  • RSS

Government

WSJ: Big Solar “fleecing the American public”

WSJ: Big Solar “fleecing the American public”
N&V Staff
September 2, 2015

Companies cash in on tax credits and ‘net-metering’ schemes.

Solar panels at Southern Maryland Electric Cooperative Solar in Hughsville, Maryland. (Source: Getty Images)

Solar panels at Southern Maryland Electric Cooperative Solar in Hughsville, Maryland. (Source: Getty Images)

(Review & Outlook, Wall Street Journal) – The Department of Energy’s Inspector General revealed last week that the legendary solar-panel manufacturer Solyndra—a poster baby of the Obama stimulus—lied to the feds to get a $535 million loan guarantee before going bust in 2011. Solyndra is a cautionary tale, but the Obama Administration is still throwing caution to the sun.

The IG report, which follows a four-year investigation by the IG and FBI, describes how Solyndra engaged in a “pattern of false and misleading assertions,” including inflating the value of corporate contracts and sales, to win a giant loan guarantee in 2009.

All evidence suggests that DOE was a willing victim. The IG notes that DOE loan officers felt “tremendous pressure” from the White House and Congress to rush through loan-guarantee applications. In their haste, DOE officials failed “to ask specific questions, and require specific assurances” and overlooked major red flags.

The larger problem is that the White House is more concerned with boosting the politically favored solar industry than protecting taxpayer dollars. More troubling, the solar industry may be growing too big to fail, and the Administration is assisting another taxpayer solar scam.

To read the full column, click here.

Prev postNext post

Related ItemsDepartment of EnergyDOEelectricityNV Energysolar energy
Government
September 2, 2015
N&V Staff

Related ItemsDepartment of EnergyDOEelectricityNV Energysolar energy

More in Government

U.S. Supreme Court Restores In-Person Requirement for Chemical Abortions

N&V StaffJanuary 14, 2021
Read More

Trump, Biden and U.S. Sugar Policy

N&V StaffJanuary 11, 2021
Read More

The Governor’s Arrogant Climate Plan

N&V StaffJanuary 4, 2021
Read More

Some Good, Bad & Ugly to Kick Off 2021…

Annie BlackJanuary 2, 2021
Read More

In Praise of…AOC?

Annie BlackDecember 24, 2020
Read More

Estrich: Beware the New Head of the Criminal Lobby

N&V StaffDecember 19, 2020
Read More
Scroll for more
Tap

Subscribe Free By Email

Looking for the best in breaking news and conservative views? Let Chuck do all the work for you! Subscribe to his FREE "Muth's Truths" e-newsletter.

* indicates required
Nevada News and Views
Nevada News & Views is an educational project of Citizen Outreach Foundation, a non-partisan IRS-approved 501(c)(3) organization. It is not associated or affiliated with any political party or group. Nevada News & Views is accessible by the public at no cost. It funds its operations through tax-deductible contributions from donors and supporters and does not accept government money or grants.

TAGS

Featured Article Nevada Politics Muth's Truths business government Government Opinion Obama News Donald Trump GOP Republicans Ron Knecht Adam Laxalt

Copyright © 2020 Citizen Outreach | Maintained by VirtualAlly

Drop in industrial electricity consumption tells the tale of the no-growth U.S. economy
Latinos’ support for School Choice options outpacing Nation