Abound Solar

Abound and Down

Abound Solar filing for bankruptcy

Another federally backed solar company will declare bankruptcy, the Department of Energy announced Thursday.

Abound to Fail

New documents reveal Obama's bad investment in failing solar company

Newly discovered documents reveal that Abound Solar, a company heavily invested in by a major Obama supporter and which was touted by the Obama administration as a “green energy success story,” experienced troubling failures before receiving a massive federal loan guarantee from the Department of Energy.

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.