Energy Dept emails suggest White House misleading the public about green energy loans

Professor Peabody · Nov 5, 2012

Energy Department emails suggest White House misleading the public about green energy loans

3:31 PM 11/04/2012

Michael Bastasch

The House Oversight Committee has released a memorandum containing more emails that suggest the White House was putting political pressure on Department of Energy employees to fast track government-backed loan guarantees for green energy firms, despite the Obama administration having publicly denied that politics played any role.

This memo outlines key information the Committee has recently uncovered that suggests statements by the President and others in his Administration were misleading and that the White House, senior Administration officials, and President Obama himself played key roles in the Loan Guarantee Program, according to the memo.

And these are decisions, by the way, that are made by the Department of Energy, they have nothing to do with politics, President Obama told KUSAs Kyle Clark last week.

These new emails build on those released by COMPLETECOLORADO.COM suggesting White House political pressure in DOEs decision to award Abound Solar a $400 million loan guarantee.

http://dailycaller.com/2012/11/04/e...sleading-the-public-about-green-energy-loans/
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All that money to create 408 permanent jobs. However, if we look on the bright side the Obama DOE Green Energy Loan Program has created a need to hire more employees in Federal Bankruptcy court as the companies that received those loan continue to fail and file for bankruptcy. What an abject waste of taxpayers money. If the companies had made some sort of meaningful progress and created a lot of new jobs I wouldn't mind so bad. But to see billions just wasted like with Solyndra just smashing the glass tubes we paid for.

Bankrupt Solyndra Caught Destroying Brand New Parts

January 19, 2012 11:50 PM

FREMONT (CBS 5) After filing for bankruptcy last year, Fremont solar company Solyndra still owes American taxpayers half a billion dollars. But CBS 5 caught them destroying millions of dollars worth of parts.

At Solyndras sprawling complex in Fremont, workers in white jumpsuits were unwrapping brand new glass tubes used in solar panels last week. They are the latest, most cutting-edge solar technology, and they are being thrown into dumpsters.

Forklifts brought one pallet after another piled high with the carefully packaged glass. Slowly but surely it all ended up shattered.

And its not a few loads. Hundreds of thousands of tubes on shrink-wrapped pallets will meet a similar demise.

Solyndra paid at least $2 million for the specialized glass. A CBS 5 crew found one piece lying in the parking lot. Solyndra still owes the German company that made the tubes close to another $8 million.

http://sanfrancisco.cbslocal.com/2012/01/19/bankrupt-solyndra-caught-destroying-brand-new-parts/
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$2 million of our hard earned tax dollars that could have liquidated to pay back the taxpayers just destroyed.

Is this the Obama administration's idea of "Green Energy" Investment? $2 million broken up into the dumpster? Whether you think Obama tried his best as President or not, it's his choices to lead agencies like the Dept of Energy that result in the above waste of our money.

Next time you hear a Liberal Democrat carp about folks paying their fair share, ask them if government is using due diligence to see our money is spent wisely and isn't being wasted. It's obvious Obama's cronyism won't let him fire screw ups like Steven Chu and Eric Holder, so we need to fire Obama to get rid of the worst of the worst in his administration. You have your chance tomorrow.

waltky · Feb 26, 2013

Throwin' good money after bad...

Energy Dep’t Funding Up 43.2% in Last Decade
February 26, 2013 – Funding for the Department of Energy increased 43.2 percent from 2002 through 2012, according to calculations based on Treasury Department data.

In fiscal year 2002 (Oct. 1, 2001 – Sept. 30, 2002), outlays for the Energy Department were $17,772,000,000, according to the Final Monthly Treasury Statement for fiscal year 2002. Adjusted for inflation, that would be $22,681,180,000 in 2012 dollars, according to the Bureau of Labor Statistics inflation calculator.

For fiscal year 2012 (Oct. 1, 2011 – Sept. 30, 2012), outlays for the Energy Department were $32,485,000,000, according to the Final Monthly Treasury Statement last September. That’s an increase of 43.2 percent for the last decade in real inflation-adjusted dollars.

Fiscal year 2008 outlays were $21,404,000,000 for the Energy Department. Adjusted for inflation that’s $22,824,720,000. That’s a 6.6 percent increase in the last four years for real inflation-adjusted dollars.

See more at: http://cnsnews.com/news/article/energy-dep-t-funding-432-last-decade#sthash.0Q5dHfah.dpuf
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See also:

EPA Discovers Its 'Renewable Fuels' Program Is Vulnerable to Fraud
February 26, 2013 - The Environmental Protection Agency is taking steps to protect the "integrity" of its Renewable Fuel Standard program, after a con man sold $9 million in fraudulent renewable fuel credits to various energy producers, including Shell and Exxon Mobil.

“When invalid renewable fuel credits are ‘produced’ and sold, it undermines the integrity of an important program designed by Congress to reduce the nation’s dependence on foreign oil and to grow the nation’s renewable energy industry,” said EPA's Cynthia Giles in a Feb. 22 news release. Giles commented after a federal judge sentenced 34-year-old Rodney R. Hailey of Perry Hall, Md., to 12 years in prison for selling $9 million in renewable fuel credits, which he falsely claimed were produced by his company, Clean Green Fuel, LLC. “Any government program that is based on trust is vulnerable to a fraudster like Rodney Hailey,” said U.S. Attorney Rod J. Rosenstein. “The only thing Rodney Hailey’s ‘Clean Green Fuel’ business produced was the dirty money he used to fund his lavish lifestyle.”

According to evidence presented at his trial, Hailey registered Clean Green Fuel with the EPA under the Renewable Fuel Standard (RFS) program. Hailey claimed his company was a producer of bio-diesel fuel, a motor vehicle fuel derived from renewable resources. The EPA requires all oil companies that market petroleum in the U.S. to either produce a certain amount of renewable fuel themselves or to purchase credits, called renewable identification numbers (RINs), from producers of renewable fuels to satisfy their renewable fuel requirements. Validly generated RINs show that a certain volume of qualifying renewable fuel was produced or imported.

EPA says that between March 2009 and December 2010, Hailey engaged in a massive fraud scheme, selling over 35 million RINs (representing 23 million gallons of bio-diesel fuel) to brokers and oil companies, when in fact Clean Green Fuel had produced no fuel at all and Hailey did not even have a facility capable of producing bio-diesel fuel. Federal law enforcement agents investigated the scheme after learning about a large number of luxury cars parked in front of Hailey’s house. Hailey used the money he made from selling false RINs to purchase luxury cars, including BMWs, Mercedes Benz, a Rolls Royce Phantom, a Lamborghini, Ferrari, Maserati and others, as well as real estate and more than $80,000 in diamond jewelry.

The loss to the traders and major energy companies who purchased Hailey’s false RINs is more than $40 million, EPA said. The loss also extends to small bio-diesel companies, many of which were unable to sell their RINs and were forced out of business.

See more at: http://cnsnews.com/news/article/epa...program-vulnerable-fraud#sthash.uOZsGUnC.dpuf
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Professor Peabody · Feb 27, 2013

Now they want to raise taxes so they can keep throwing good money after bad.

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Energy Dept emails suggest White House misleading the public about green energy loans

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Energy Dept emails suggest White House misleading the public about green energy loans

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