Author Topic: Biden-Backed Solar Company Lied About Effectiveness of Solar Modules, Lawsuit Sa  (Read 500 times)

0 Members and 1 Guest are viewing this topic.

Offline SVPete

  • Hero Member
  • *****
  • Posts: 25821
  • Reputation: +2212/-242
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/

Quote
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!
If, as anti-Covid-vaxxers claim, https://www.poynter.org/fact-checking/2021/robert-f-kennedy-jr-said-the-covid-19-vaccine-is-the-deadliest-vaccine-ever-made-thats-not-true/ , https://gospelnewsnetwork.org/2021/11/23/covid-shots-are-the-deadliest-vaccines-in-medical-history/ , The Vaccine is deadly, where in the US have Pfizer and Moderna hidden the millions of bodies of those who died of "vaccine injury"? Is reality a Big Pharma Shill?

Millions now living should have died. Anti-Covid-Vaxxer ghouls hardest hit.

Offline Mr Mannn

  • Hero Member
  • *****
  • Posts: 14885
  • Reputation: +2646/-276
and it is not even made in America to boot.
Trump put Americans to work. Biden throws our jobs away.

Offline DLR Pyro

  • Hero Member
  • *****
  • Posts: 9234
  • Reputation: +1418/-29
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
Biden is an illegitimate President.  Change my mind.

Police lives matter.

Basking in the glow of my white privilege

ProudDad Donating Member (1000+ posts) Wed Mar-09-11 08:50 PM
64.I'd almost be willing to get a job in order to participate in
A NATIONAL GENERAL STRIKE
  https://www.democraticunderground.com/discuss/duboard.php?az=view_all&address=102x4763020