The List Grows Larger

Here are two of the latest, the first story comes via The Blaze:

A taxpayer-funded “green” energy company that went bankrupt in July 2012 didn’t just leave behind a legal mess for its creditors – it left behind a mess of contaminated water and toxic carcinogens.

And its up to the owners of Abound Solar’s deserted 37,000 square foot facility to clean up the broken glass and hazardous wastes.

The mess left by the company, which was awarded a $400 million loan guarantee in 2010 by the Obama administration, and the damage done to the facility will cost an estimated $3.7 million to repair, according to The Northern Colorado Business Report.

…read more…

The second comes from HotAir:

The Department of Energy originally extended Fisker a $529 million line of credit back in the 2009 stimulus effort, but cut off the already ailing Fisker in 2011 after having dished out only about $190 million. Including the recent auction, the DOE has managed to recover only about $53 million of that loan, which is where the number of the $130 million for which taxpayers will be on the hook came from — except that that specific loan guarantee apparently wasn’t the only tax break of which Fisker was one of the Obama administration’s anointed beneficiaries. According to Reuters:

The bankruptcy of Fisker Automotive could end up costing the U.S. government much more than the $168 million it loaned to the maker of the Karma plug-in hybrid sports car.

According to its bankruptcy filing on Friday, Fisker owns tax breaks worth $320 million.

Fisker’s bankruptcy papers said the Southern California-based company plans to sell its automotive operations to a business affiliated with Hong Kong tycoon Richard Li, but it will hold on to the tax breaks after it emerges from bankruptcy.

Fisker piled up some $800 million in net operating losses in recent years, which have a future cash benefit worth approximately $320 million, according to the bankruptcy filing.

That lost tax revenue would add to taxpayers’ pain from Fisker’s failure.

The Obama administration’s green-energy loan guarantees: The “investments” on behalf of the American taxpayer and overriding the obviously cretinous free-market signals of the private sector that just won’t die.

…read more…

(from Moonbat) Having trouble keeping track of how much money Obama has flushed down green energy boondoggles? This list from the Heritage Foundation should help. It lists faltering or bankrupt green energy companies as of last October, along with the amount of taxpayer loot offered them by the Obama Regime in parentheses (not including other state, local, and federal tax credits and subsidies):

*Filed for bankruptcy.