The cleanup of bankrupt company Abound Solar Inc. will cost an estimated $3.7 million, according to Northern Colorado Business Report.
The House Energy and Commerce Committee advanced a bill aimed at keeping taxpayer dollars out of the hands of green energy companies.
Another federally backed solar company will declare bankruptcy, the Department of Energy announced Thursday.
A new Obama campaign ad accusing Republican presidential nominee Mitt Romney of shipping jobs overseas celebrates the president’s clean energy program, which has given taxpayer-guaranteed loans to foreign-owned companies and firms that manufacture their products outside the United States.
The Export-Import Bank of the United States (Ex-Im) is a little-known institution that has become a hot topic in Washington as Congress debates whether to extend its authorization and increase its lending capability. The bank is also a hotbed of crony capitalism—run by political donors for the benefit of political donors.
After receiving $400 million in federal loans, the Abound Solar company announced Wednesday that it will lay off 280 workers and delay the building of a new factory.