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Tag: sustainable energy

(Associated Press / Globe Newswire)

Solyndra II: Energy Company Busts on Eve of Climate Summit

As President Barack Obama departed for the climate summit in Paris, he faces a new “Solyndra” scandal as Spain’s Abengoa SA, which received $3 billion in administration sustainable energy loans and Export-Import Bank guarantees, announced that it has started bankruptcy proceeding and may soon default on its debt.

Reuters

California’s High Cost of ‘Sustainable Power’ Kills Jobs

California’s commercial and industrial energy costs are about 37% higher than the national average in the continental United States due to Governor Brown’s 33% sustainable energy mandate. And with rates 41% to 46% higher in San Diego County than the national average, local investment and job growth are being hammered.