Friday, November 6, 2009

Think I need to post something new soon...

So much has been going on that I haven't been keeping up with the blog. Really need to change that! Maybe I'll write something about this...

Overseas firms collecting most green energy money

...of the $1.05 billion in clean-energy grants handed out by the government since Sept. 1, 84 percent – a total of $849 million – has gone to foreign wind companies. Spanish utility company, Iberdrola S.A., alone has collected $545 million through its American subsidiary.

Even more striking is the fact that there are few restrictions on the how the grants can be used, according to a transcript of a Treasury Department briefing.