Green Graveyard: 19 Taxpayer-Funded Failures
By:
Rachael Slobodien
While there’s speculation over which federally supported green energy
company may be the next to declare bankruptcy, plenty have already gone
belly up. In one of the most extensive compilations to date, Heritage
has identified 19 bankrupt green energy companies—unable to make it even
with the $2.6 billion in financial assistance and incentives the
government promised.
The problem is that these taxpayer-funded handouts never achieve the
intended objective. Rather, they artificially support politically
preferred companies and industries, like green energy, while shifting
jobs and resources from another sector of the economy.
Read More: The Foundry
