Happy Earth Day: Company Once Considered ‘Poster Child’ Of Clean Energy Files For Bankruptcy

[Geee]

Townhall:

It’s one thing when government decides to run your business into the ground thanks the endless red tape, which is what President Obama is doing with coal. It’s another thing to go under because Americans simply want affordable energy, carbon emission be damned (and rightfully so), and don’t want to pay a lot of money. I know, how rational of them. SunEdison was once a $10 billion giant in the clean energy business. It has now filed for Chapter 11 protections, while also showing that clean energy isn’t the future. It’s only a great way to burn a lot of other people’s money (via CNN):

 

SunEdison hopes to clean up its balance sheet through a Chapter 11 restructuring. The solar company secured $300 million in financing to keep the business afloat. The new funds will allow SunEdison to continue ongoing projects, pay wages and benefits.

[righteousmomma]

See "Seven Earth Day Predictions that Failed Spectacularly"