Jan. 26, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson today in a statement responded to the bankruptcy of yet another “green” energy company that had received taxpayer money, Ener1:
“As early as 2008, an investment advisory firm Citron Research had issued dire warnings about Ener1, saying the company was ‘just a corporate shell company with a long history of failed businesses based on exaggerated promises’, citing the company’s long and shady history. When it was proposed that the ‘stimulus’ be used to give $118.5 million to Ener1, Americans for Limited Government worked with media to help expose this bogus firm for what it was. Predictably, it turns out those warnings were correct, unfortunately for taxpayers.”
Citron Reports on Ener1, July 16, 2008 at http://www.citronresearch.com/index.php/2008/07/16/citron-reports-on-ener1-amexhev/
Fed money may benefit Russian-backed firm, by Jerry Seper, Washington Times, July 5, 2009 at http://www.washingtontimes.com/news/2009/jul/5/us-tax-dollars-may-aid-russian-earmark-eyed/print/
Obama sends stimulus aid to foreign firms, by Jerry Seper, Washington Times, Aug. 6, 2009 at http://www.washingtontimes.com/news/2009/aug/06/stimulus-to-aid-foreign-battery-builders/print/
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