Oh my, 1,100 California “Green Jobs” down the subsides flusher

Russ Steele

Here is yet again another example of what the proponents of Prop 23 was trying to the the voters – when green companies run out of other people’s money, they fold like a wet umbrella in a stong wind.

 The Mercury News has the details:

Solyndra, a Fremont-based solar panel manufacturer that flared then sputtered, abruptly ceased operations on Wednesday and immediately laid off all 1,100 of its workers.

 The shutdown marks a high-profile collapse of a company that received more than $1.6 billion in federal and private funding in recent years.

 “This was an unexpected outcome and is most unfortunate,” Brian Harrison, Solyndra’s president and chief executive, said.

 The company received $535 million in taxpayer money from the U.S. Department of Energy and $1.1 billion in private venture capital funding.

 “We have always recognized that not every one of the innovative companies supported by our loans and loan guarantees would succeed,” said Dan Leistikow, a spokesman for the Department of Energy. “But we can’t stop investing in game-changing technologies that are key to America’s leadership in the global economy.”

 Solyndra workers who were laid off on Wednesday were dismissed without layoff packages.

“They are getting no severance,” said Dave Miller, a Solyndra spokesman. “They are getting nothing.”

While all this was going on Governor Jerry Brown was at the National Clean Energy Summit in Las Vegas telling all the attendants that California energy policies are working,  according to a report by KQED Climate Watch:

 Governor Jerry Brown told summit-goers that the policy is working for California.

 “California’s 33%-by-2020 goal has stimulated real investment, real money is coming in, by the billions, and they know that we’re committed, we’re going to make it happen. If the United States had a similar goal, it would be good.”

I wonder if Brian Harrison, Solyndra’s president and chief executive, was at the Clean Energy Summit would have exude the same enthusiasm as Gov Brown after running through $535 million in taxpayer money from the U.S. Department of Energy and $1.1 billion in private venture capital funding. And, all Harrison had to say in Fremont was “This was an unexpected outcome and is most unfortunate.” Really!

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About Russ Steele
Freelance writer and climate change blogger. Russ spent twenty years in the Air Force as a navigator specializing in electronics warfare and digital systems. After his service he was employed for sixteen years as concept developer for TRW, an aerospace and automotive company, and then was CEO of a non-profit Internet provider for 18 months. Russ's articles have appeared in Comstock's Business, Capitol Journal, Trailer Life, Monitoring Times, and Idaho Magazine.

4 Responses to Oh my, 1,100 California “Green Jobs” down the subsides flusher

  1. Kim Pruett says:

    Subsidies are a huge money laundering racket and need to be stopped. I think if things cannot make it on their own in the regular free market, they should not be propped up with our tax dollars. If we made people compete for those funds like in the private sector they would be non-existent. Just my opinion of course. And that goes for all subsidies, including farm, oil, and the like. We need to become more self-reliant and less dependant on the Federal, State and Local government for our needs and go back to the old ways of taking care of one another and ourselves without big brother.

  2. Martin says:

    Let’s add unemployment benefits to the list too. Yesterday I listened to an interesting discussion on a radio talk show. Several callers pointed out the relationship between lengthening the time period/weeks of unemployment benefits and the longer time it takes for the recipients to finally get reemployed. Those ineligible for unemployment or only eligible for a short period of time seem to find paying jobs faster. Seems that the longer people stay on the public dole the longer it takes them to get motivated to find a job. Funny cause and effect thing isn’t it?

    • Kim Pruett says:

      Absolutely Martin, I agree. When people become so reliant on someone else to take care of their needs, they become dependant and those around them become co-dependant and it starts the downward spiral. I am all for helping folks who need it, but when folks stay on welfare for years on end it becomes a generational thing with their children and grandchildren doing the same thing. Also, I have a few good friends in this past few years who have had to go on unemployment for losing their jobs, not once, did either one of them stop looking for a job or even want to be on unemployment, their pride and sense of work ethic prevented them from turning into long term unemployment benifitee’s.

  3. Dixon Cruickshank says:

    I’m gonna go over to the otherside and see what comments the FUE has on this – I’m sure at least a couple will mention that – damn Russ was right

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