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Thought it couldn’t get any worse than Solyndra?

Tuesday, September 27, 2011 14:02
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(Before It's News)

 

Obama Commerce pick awarded $1.37 billion in 'stimulus funds' for another risky solar plant

By Aaron Klein
© 2011 WND


Commerce Secretary Gary Locke, President Obama and John Bryson at White House announcement of Bryson's nomination to succeed Locke (Screen shot from WhiteHouse.gov video)

President 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 – the largest the Department of Energy has ever given for a solar power project.

Now that 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.

complete article at WND:

 

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