Government Green-Tech Initiatives: ‘Expensive Tax-Funded Flops’?
Posted at 10:52 a.m. on Jan. 6
The National Journal reports that “a new 60 Minutes story concludes there’s little to show for tens of billions of dollars in taxpayer support for green-technology companies.”
“Reporter Lesley Stahl’s piece [Cleantech Crash,] cites a ‘string of expensive tax-funded flops’ such as the failure of Energy Department-backed companies Solyndra and Fisker Automotive, as well as the struggles of venture capitalists.”
Critics of the story fought back: “Center for American Progress climate blogger Joe Romm responded with a chart-heavy post Sunday night that notes the growing deployment and falling costs of solar and wind energy.”