Another taxpayer-funded solar-panel company, Willard & Kelsey Solar Group LLC, is undergoing operational issues, as it recently laid off about 40 people indefinitely due to delays in its production line. CEO and board chairman Michael Cicak would not comment on the timeline of the production changes or when the laid-off employees might return to their jobs.
Human rights activist Kerry Kennedy, ex-wife of New York Governor Andrew Cuomo and daughter of the late Robert F. Kennedy, stands to rake in millions from her seemingly selfless defense of the oil-drilled rain forest in Ecuador. An Ecuadorean appeals court recently upheld a ruling that Chevron Corporation, the U.S. oil giant, should pay $18 billion in damages (which the company is now appealing) to plaintiffs who accused the company of inflicting environmental damage on the Amazon jungle — in what Kennedy called "the biggest corporate environmental disaster on the face of the Earth."
The Obama administration’s track record with taxpayer-funded, green-tech subsidies is severely flawed, and according to new documents obtained by CBS News, its failures were all too predictable. The Energy Department's $535-million loan guarantee to Solyndra is, at least publicly, its most illustrious investment blunder, as the company went bankrupt last year leaving taxpayers with a hefty bill and putting more than 1,000 employees out of work.
A failed southeast Georgia ethanol factory was sold Tuesday for pennies on the dollar after squandering tens of millions in federal and state tax dollars. Range Fuels, a bankrupt U.S. cellulosic ethanol company, sold its only factory, located in Soperton, Georgia, to LanzaTech, a biofuel company based in New Zealand.
Government climate dignitaries and the Associated Press hailed the “landmark” deal reached Sunday at the United Nations' global-warming summit in Durban, South Africa. According to environmentalist groups, however, the agreement represented a failure of the 17th Conference of the Parties (COP17) to “save” the world from supposedly “dangerous” carbon dioxide emissions.