Is Solyndra The Tip Of The Iceberg?
Obama Gives More Funding To Solar Company
Barack Obama's nominee for Commerce secretary served as chairman of the board of a solar energy company that recently received a $1.37 billion federal loan guarantee. It is the largest the Department of Energy has ever given for a solar power project.
The company, BrightSource Energy, is attempting to build the world's largest solar power plant amid concerns such ventures may be too risky an investment for the federal government.
In June, BrightSource Chairman John Bryson was nominated by Obama to head the Commerce Department.
Bryson co-founded an environmental activist group that is a member and funder of the controversial Apollo Alliance. Apollo is run by a slew of socialists and radicals, including Jeff Jones, a founder of the Weather Underground domestic terrorist organization. Jones himself boasts of doing work for the environmental group founded by Bryson, the Natural Resources Defense Council.
Bryson served until June as co-chairman of the Pacific Council on International Policy, a globalist organization whose members can be found throughout the Obama administration.
The massive loan guarantee to BrightSource is meant to build an expensive California desert solar plant known as the Ivanpah Solar Electric Generating System. The system will feature mirrors that reflect sun toward a massive central tower that is in turn heated to produce steam meant to spin turbines to produce electricity.
However, some have doubted that the massive solar plant will actually work. The Bay Citizen quoted Michael Boyd, president of the nonprofit Californians for Renewable Energy, as saying there is "no evidence" BrightSource's project will succeed.
Boyd complained most of the equipment used at the plant would be manufactured in China and Germany. "Stimulus money isn't going to jobs here in the U.S. It's going to jobs overseas," he said.
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