After already receiving a controversial $1.6 billion construction loan from U.S. taxpayers, the wealthy investors of a California solar power plant now want a $539 million federal grant to pay off their federal loan.
"This is an attempt by very large cash generating companies that have billions on their balance sheet to get a federal bailout, i.e. a bailout from us - the taxpayer for their pet project," said Reason Foundation VP of Research Julian Morris. "It's actually rather obscene."
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http://fxn.ws/1ub8016
The Ivanpah solar electric generating plant is owned by Google and renewable energy giant NRG
"This is an attempt by very large cash generating companies that have billions on their balance sheet to get a federal bailout, i.e. a bailout from us - the taxpayer for their pet project," said Reason Foundation VP of Research Julian Morris. "It's actually rather obscene."
Read the rest here...
http://fxn.ws/1ub8016
The Ivanpah solar electric generating plant is owned by Google and renewable energy giant NRG
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