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KILLER_CLOWN
09-14-2011, 10:37 PM
GE Dumps Offshore Wind-Power Plans AFTER Collecting $125 Million In Stimulus From Taxpayers For Wind Projects

Source - Gateway Pundit

GE was awarded 44 contracts totaling over $46,000,000 and 44 grants totaling more than$79,000,000 from the Obama-Pelosi $757 billion dollar stimulus package. Millions of dollars in stimulus funds were used by GE in green energy projects.

Today GE announced that it was going to gut its offshore wind-power plans.

Forbes reported:

General Electric, the U.S.-based industrial giant and leading manufacturer of wind-power turbines, is scaling back efforts to expand its presence in the offshore wind power market.

The rationale: there is no meaningful offshore wind market to speak of – at least not yet. Given slower-than-expected industry growth, the offshore market may not mature as rapidly as many wind boosters once believed. In 2009, GE moved into the offshore market by acquiring Norway’s ScanWind, a developer of direct-drive turbines, based in the city of Trondheim.

GE is considering laying off about 40 employees in Norway as it scales-back its offshore operations there, according to reports in Recharge. The company has also suspended plans to construct a manufacturing facility in the United Kingdom indefinitely.

Immelt also said the stimulus would work way back in April 2009.



GE CEO Jeffrey Immelt, the head of Barack Obama’s Economic Advisory Panel, was invited to sit with the First Lady during the president’s speech to Congress this past week. He’s been a strong supporter of the president since he took over the White House and his companies have received plenty of government funds as well.

http://dailybail.com/home/ge-dumps-offshore-wind-power-plans-after-collecting-125-mill.html

ROYC75
09-15-2011, 08:04 AM
Immelt = A Highly Paid Goon for a Bunch of Loons.

Just another crook eating the golden eggs in the Obama administration.

blaise
09-15-2011, 09:18 AM
Shovel ready.

Saul Good
09-15-2011, 11:25 AM
Shovel ready.

Yep. Start digging. We've got a lot of dead businesses to bury.

ROYC75
09-15-2011, 12:12 PM
Yep. Start digging. We've got a lot of dead businesses to bury.


Yep, the autopsy isn't finished on Solyndra yet, when it does, there will be some digging to do on that funeral.

Obama & Solyndra "leading the way toward a brighter and more prosperous future." :rolleyes:

HonestChieffan
09-15-2011, 01:16 PM
But we need to pass a jobs bill now.

HonestChieffan
09-15-2011, 01:54 PM
Amazing Al Gore addressed this very issue yesterday...

“We can put people to work and strengthen the economy by building solar and wind facilities. Refurbishing inefficient buildings, building smart grids smart trains. And putting people to work instead of continuing this addiction to very expensive, dirty oil and coal,” Al Gore said on Tuesday night’s edition of “The Colbert Report.”

Someone needs to get Al Updated. Or something.

KILLER_CLOWN
09-15-2011, 02:21 PM
Amazing Al Gore addressed this very issue yesterday...

“We can put people to work and strengthen the economy by building solar and wind facilities. Refurbishing inefficient buildings, building smart grids smart trains. And putting people to work instead of continuing this addiction to very expensive, dirty oil and coal,” Al Gore said on Tuesday night’s edition of “The Colbert Report.”

Someone needs to get Al Updated. Or something.

He's currently busy working with the PMRC, he'll get back to global warming when it's convenient.