Here we go again! Green Stimulus Returns: Biden revives ‘clean energy’ program with $1B loan guarantee


Morano: Here we go again! 
Morano’s Book details Al Gore’s quest to become world’s first ‘carbon billionaire’ – ‘Lavishly’ profited off climate lobbying – According to a 2012 Washington Post report, “14 green-tech firms in which Gore invested received or directly benefited from more than $2.5 billion in loans, grants and tax breaks, part of Obama’s historic push to seed a U.S. renewable-energy industry with public money.”
Flashback: ‘Sheriff Joe’: Biden played ‘sheriff’ on ’09 aid: In 2009, then-Vice President Joe Biden acted as “Sheriff Joe” in making sure federal dollars from a massive economic aid package were getting to the right places and getting there quickly.
Flashback 2011: How did ‘Sheriff Joe’ miss failings of green energy stimulus?! Solyndra represents stimulus failure – Solyndra, the stimulus-funded solar energy company that recently declared bankruptcy. The company, which laid off 1,100 workers after its sudden demise, once looked like the poster-child of stimulus success…. Digging beneath the surface, the situation gets more troubling. The White House’s relationship with Solyndra, it turns out, was a mix of corporate favoritism, big-money politics, liberal ideology and Chicago-style deal making. As the Obama administration dealt favors, the American taxpayers got stuck with the $535 million bill.

By: Marc Morano – Climate DepotJanuary 26, 2022 2:42 PM

https://apnews.com/article/climate-joe-biden-technology-business-nebraska-6b81807a3b1a9d8158b1a65220165601
WASHINGTON (AP) — The Biden administration has issued its first clean energy loan guarantee, reviving an Obama-era program that helped launch the country’s first utility-scale wind and solar farms a decade ago but has largely gone dormant in recent years.
The Energy Department said it would guarantee up to $1 billion in loans to help a Nebraska company scale up production of “clean” hydrogen to convert natural gas into commercial products used in manufacturing and agriculture.
The revived loan program is part of President Joe Biden’s efforts to slash planet-warming greenhouse gas emissions in half by 2030, amid legislative gridlock that has stalled a $2 trillion package of social and environmental initiatives. It’s among the tools he can use without new legislation.
Under President Barack Obama, the program boosted Tesla’s efforts to become a behemoth in electric cars, but it stumbled after the California solar company Solyndra failed soon after receiving federal aid a decade ago, costing taxpayers more than $500 million. Republicans and other critics seized on Solyndra as an example of wasteful spending under Obama’s stimulus program.



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