September 13, 2013

$600M ‘Green’ Energy Waste

Shocking new study concedes: DOE’s biofuel investment is a complete flop.

Via The Hill:

“A years-long Energy Department program to help spur industry production of next-generation biofuels has fallen short, the department’s inspector general concludes in a new report. ‘Despite over 7 years of effort and the expenditure of about $603 million, the Department had not yet achieved its biorefinery development and production goals,’ states the report made public Thursday.” (The full report is available here in case you’re having a boring day.)

But don’t worry – it’s only $600 million invested in our future that’s been washed down the drain on a project predestined to fail. That’s what this administration does best, isn’t it?

What we’re wondering is how much money was spent on the study to reveal the obvious.

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