The Daily Caller

The Daily Caller

As many as 50 Obama-backed green energy companies bankrupt or troubled

According to the White House, the stimulus package funneled more than $90 billion in government funds and tax incentives towards “clean” energy, including $29 billion for energy efficiency, $21 billion for renewable energy generation, $6 billion for advanced batteries and parts for advanced vehicles and fuel technologies, and $2 billion in clean energy manufacturing tax credits to make wind turbines, solar panels, electric vehicles, and other domestic clean energy equipment.

More spending on green energy may be down the road as the Brookings Institute reports that the federal government will spend more than $150 billion between 2009 and 2014 — three times as much as was spent between 2002 and 2008.

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