Another ‘Green’ Scandal Alert

Katy Grimes: ECOtality, a San Francisco green-tech company which had been on the verge of bankruptcy, “received roughly $115 million in two separate Energy Department grants to build 14,000 electric vehicle charging stations in 18 cities,” the Heritage Foundation reported today.

“In its push to get electric vehicles on the road, the Obama administration has partnered with a company in dire financial straits that is also under investigation by the Securities and Exchange Commission for insider trading,” the Heritage Foundation wrote.

I have never seen a car parked and using a charging station. Apparently no one else has either, and ECOtality has the numbers to show for it. But I really laugh when I see charging stations on college campuses. What college student can afford an expensive Chevy Volt?

Despite receiving the $115 million from the federal government,  ECOtality reported a net loss of more than $12 million in just the first six months of 2011.

Where is the money going? If you build it, they don’t come.

It’s not going to operating expenses because the ECOtality website newsletter is gone.

Read the Heritage story, and stay tuned.

MAR. 23, 2012

 

7 comments

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  1. Bob
    Bob 23 March, 2012, 12:55

    Come on, now…don’t you know corruption is perfectly fine as long as it’s a DemoNcrat doing it?

    Reply this comment
  2. cacheguy
    cacheguy 23 March, 2012, 16:37

    I don’t know about the problems they may or may not be having but their web site is still there. http://www.ecotality.com

    Reply this comment
  3. CalWatchdog
    CalWatchdog Author 23 March, 2012, 18:14

    I said that it’s the newsletter part of the website link that is gone –

    Katy

    Reply this comment
  4. NormD
    NormD 24 March, 2012, 04:26

    Fair is fair.

    Being investigated by the government does not mean a company is corrupt.

    My guess is that companies that are unpopular with the left get investigated all the time.

    Reply this comment
  5. queeg
    queeg 24 March, 2012, 07:41

    The lines are blurred….

    Who in heck is really for the people?

    Reply this comment
  6. Hank
    Hank 24 March, 2012, 10:31

    Will the charging stations have to be completed before the wire is stolen? What if I need a charge on a rainy day? or foggy ? What we need is a chip in all electric vehicles that prohibit operation at night. I suppose this is creating “Green Jobs”.

    Reply this comment

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