The Conservative Cave
Current Events => General Discussion => Topic started by: Chris_ on April 03, 2012, 09:53:41 AM
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Solar Trust of America files bankruptcy
Solar Trust of America LLC, which holds the development rights for the world's largest solar power project, on Monday filed for bankruptcy protection after its majority owner began insolvency proceedings in Germany.
The Oakland-based company has held rights for the 1,000-megawatt Blythe Solar Power Project in the Southern California desert, which last April won $2.1 billion of conditional loan guarantees from the U.S. Department of Energy. It is unclear how the bankruptcy will affect that project.
Edward Kleinschmidt, Solar Trust of America's chief operating officer, in a court filing said the company has already missed two quarterly rent payments on the Blythe project, and cannot make several other payments due imminently.
Reuters (http://newsandinsight.thomsonreuters.com/Legal/News/2012/04_-_April/Solar_Trust_of_America_files_bankruptcy/)
Obama math... force proven energy companies to pay higher taxes by removing standard deductions + give that tax money to unstable, unreliable "green" energy companies = bankruptcy.
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And the obama legacy continues....
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Reuters (http://newsandinsight.thomsonreuters.com/Legal/News/2012/04_-_April/Solar_Trust_of_America_files_bankruptcy/)
Obama math... force proven energy companies to pay higher taxes by removing standard deductions + give that tax money to unstable, unreliable "green" energy companies = bankruptcy.
Don't forget the part where owebuma funnels money to his campaign contributors. That part is essential to owebuma math.
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Don't forget the part where owebuma funnels money to his campaign contributors. That part is essential to owebuma math.
But they still go bankrupt, so the general narrative stays the same.
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Sheesh, the cycle continues.
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We need a DNA test for the "corruption" genome.