Biden’s Energy Nominee Divvied Millions In Taxpayer Funds To Alternative Energy Startups That Went B

[mystery-ak]

Andrew Kerr
Investigative Reporter
January 27, 2021 11:19 AM ET


President Joe Biden’s nominee to head the Department of Energy, Jennifer Granholm, divvied out millions in taxpayer funds during her two terms as Michigan governor to alternative energy companies that eventually went bankrupt.

In one instance, Granholm’s administration provided a $9.1 million refundable tax credit to a renewable energy company registered to the address of a single-wide trailer and run by a convicted embezzler named Richard Short. Short was found to be in violation of his parole and sent back to prison after appearing on stage with Granholm in 2010 to accept assistance from the Michigan Economic Growth Authority, according to Michigan Capitol Confidential.

Granholm also granted $10 million to an electric car battery manufacturer, A123 Systems, in 2009 and lauded the company in a press conference, saying it would help “make Michigan the alternative energy capital of North America and the advanced battery capital of the world.”

A123 Systems, which also received a $249.12 million federal grant by the Obama administration, filed for bankruptcy in 2012. The company is still in operation today as a subsidiary of a Chinese firm, Wanxiang America.

Another manufacturer of electric vehicle components that received Michigan taxpayer-funded assistance under Granholm’s watch, Azure Dynamics, filed for bankruptcy in 2012 and laid off 12o employees.

Granholm served as governor of Michigan from 2003 to 2011.

Only 2.3 percent of the 434 projects funded by the Michigan Economic Growth Authority under Granholm’s watch were successful in meeting their projected job creation goals, according to the American Energy Alliance.

more
https://dailycaller.com/2021/01/27/jennifer-granholm-michigan-energy-companies-bankrupt/

[christian]

As mentioned the alternative energy plan for America is more hoax than anything else. Its a Pied Piper playing a tune fools can easily and gladly follow,  It never ends well., of course fools care not.  At least not until the very end.