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Tag: abound solar
Reporter Grills Obama on Bankrupt Abound Solar
Abound Solar Under Investigation for Securities Fraud
‘No More Solyndras’ Bill Passes Energy Committee
The House Energy and Commerce Committee advanced a bill aimed at keeping taxpayer dollars out of the hands of green energy companies.
Abound and Down
Abound Solar filing for bankruptcy
Another federally backed solar company will declare bankruptcy, the Department of Energy announced Thursday.
Shovel-Ready in Europe
Obama campaign ad touts record of giving billions to firms to create jobs overseas
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.
Barry’s Bank
Obama wants Congress to expand controversial Export-Import Bank tied to bankrupt green energy companies
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.
Layoffs Abound
Government loan recipient sheds workers
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.