The Conservative Cave
Current Events => Breaking News => Topic started by: SVPete on January 14, 2022, 05:20:39 PM
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Biden-Backed Solar Company Lied About Effectiveness of Solar Modules, Lawsuit Says
https://freebeacon.com/biden-administration/biden-backed-solar-company-lied-about-effectiveness-of-solar-modules-lawsuit-says/ (https://freebeacon.com/biden-administration/biden-backed-solar-company-lied-about-effectiveness-of-solar-modules-lawsuit-says/)
A Michigan municipal pension fund alleges that executives at First Solar, which is owned by Biden megadonor and Walmart heir Lukas Walton, made "false and misleading statements" to investors and failed to disclose that its solar module was "grossly underperforming and was unable to hit its wattage targets." Those claims and omissions, the fund alleges, artificially inflated the company's stock price in 2019 and led to investor losses.
The class-action suit comes after the U.S. International Development Finance Corporation (DFC) granted First Solar a $500 million federal loan in December to build a module manufacturing facility in India as part of President Joe Biden's "Build Back Better World" initiative. The funding drew concerns from ethics watchdogs that questioned whether the company's political connections—including Walton's substantial donations in 2020 to Biden and the Democratic National Committee—played any role in the decision. The DFC has denied any political considerations.
My emphasis.
Solar power companies lying about the performance of their product to boost their stock's viability? Shades of Solyndra!
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and it is not even made in America to boot.
Trump put Americans to work. Biden throws our jobs away.
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and it is not even made in America to boot.
Trump put Americans to work. Biden throws our jobs away.
back in December I questioned why U.S. Taxpayer dollar$ were going to fund an American company's factory in India
https://conservativecave.com/cave/index.php?topic=127405.msg1496404#msg1496404 (https://conservativecave.com/cave/index.php?topic=127405.msg1496404#msg1496404)