Status Report: DOE Section 1705 Loan Program
Irresponsible investment of taxpayer dollars in nonviable projects, similar to that of Solyndra and Abound Solar, are also failing to aid a struggling economy and failing to move the United States toward the future
By Institute for Energy Research —— Bio and Archives--July 2, 2012
Global Warming-Energy-Environment | Comments | Back To Full Article
Central to the Obama Administration's energy policy are massive subsidies for politically-preferred energy sources. The Department of Energy's (DOE) section 1705 loan guarantee program has been one of the Obama Administration's primary methods for funding renewable energy projects. The DOE reports $34.7 billion in taxpayer-subsidized loan and partial loan guarantees have funded 33 clean energy projects including $535 million to the infamous Solyndra.
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