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October 4, 2011
Ugh Oh ... Another 'Green Jobs' Failure
Topics: Political News and commentariesIt's another failure of venture socialism, this one's a "green jobs" farm in Colorado that's shed jobs after receiving $200M in Obama's stimulus funds.
Matthew Boyle reports at The Daily Caller:
President Barack Obama's "green jobs" initiatives suffered another major blow late Monday, as the nonprofit National Renewable Energy Lab in Golden, Colorado, announced a plan to lay off roughly 10 percent of its staff through a voluntary buy-out plan.It appears that most, if not all, of the firm's funds come from government coffers, given that an NREL spokesman blames Congress for the organization's failures, saying that he believes the gridlocked U.S. Congress forced the NREL to find $8 million in new budgetary savings.According to the Denver Post, the lab plans to eliminate between 100 and 150 of its 1,350 jobs. The Obama administration supported the NREL in 2009 with roughly $200 million in stimulus grants. Energy Secretary Stephen Chu visited Golden in May 2009 to promote the NREL as a beneficiary of those funds.
At the time, the Associated Press reported that the stimulus grants included $68 million to build demonstration model of an energy-efficient office building; $19.2 million for solar, geothermal and fuel cell equipment; $10 million for testing and evaluation of wind technology; and $45 million to research and test drive-train systems for wind turbines.
The lab's mission is to handle U.S. Department of Energy research and development programs.
More on the story, here.
Posted by Richard at October 4, 2011 9:39 AM
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