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.............To Read More.....
No comments:
Post a Comment