Monday, November 4, 2013

Taxpayer-Backed Green Energy Firm Takes Millions, Goes Bankrupt and Leaves Toxic Mess Behind

A taxpayer-funded “green” energy company that went bankrupt in July 2012 didn’t just leave behind a legal mess for its creditors – it left behind a mess of contaminated water and toxic carcinogens.
Taxpayer Backed Green Energy Firm Takes Millions, Goes Bankrupt and Leaves Behind Toxic Mess
Image Source: Associated Press.
And its up to the owners of Abound Solar’s deserted 37,000 square foot facility to clean up the broken glass and hazardous wastes.
The mess left by the company, which was awarded a $400 million loan guarantee in 2010 by the Obama administration, and the damage done to the facility will cost an estimated $3.7 million to repair, according to The Northern Colorado Business Report.

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