Item in the news. Seems the govt didn't screw up much at all in
their support of alternative energy.
NOTE: Bloomberg is a business magazine.
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Bloomberg
http://tinyurl.com/k7abat3
The U.S. government expects to earn $5 billion to $6 billion
from the renewable-energy loan program that funded flops
including Solyndra LLC, supporting President Barack Obama's
decision to back low-carbon technologies.
...
A $5 billion return to taxpayers exceeds the returns from many
venture capital and private equity investments in clean energy,
said Michael Morosi, an analyst at Jetstream Capital LLC, which
invests in renewable energy.
"People make a big deal about Solyndra and everything, but
there's a lot of VC capital that got torched right alongside
the DOE capital," Morosi said. "A positive return over 20 years
in cleantech? That's not a bad outcome." ...
BOB KLAHN
bob.klahn@sev.org http://home.toltbbs.com/bobklahn
... Nice guys finish last, but we get to sleep in.
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