The Green Crash

Published October 16, 2012 1:01pm ET



According to Bloomberg, the heavily subsidized battery maker, A 123, has filed for bankruptcy protection, making it the latest in a long line of green failures that have produced very little renewable energy and very heavy losses for the American taxpayer.  Been good for the bankruptcy lawyers, though.

In 2009, A 123 got slightly less than $250 million to build a factory in Michigan.  The amount was less than half of what the government gave to Solyndra, the failure that keeps on failing.  

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