On the day that A123 Systems filed for bankruptcy earlier this year,
the Obama administration sent nearly $1 million in new clean energy
assistance to the financially struggling but politically connected
battery maker.
Energy Department officials confirmed the payment to the Washington Guardian, insisting the timing was coincidental. They said the payment had been approved a week or more beforehand and simply was sent on the day the company filed for bankruptcy, the latest clean energy company funded by President Obama's clean energy stimulus program to hit hard times.
Read more: http://washingtonguardian.com/bucks-bankruptcy
Energy Department officials confirmed the payment to the Washington Guardian, insisting the timing was coincidental. They said the payment had been approved a week or more beforehand and simply was sent on the day the company filed for bankruptcy, the latest clean energy company funded by President Obama's clean energy stimulus program to hit hard times.
Read more: http://washingtonguardian.com/bucks-bankruptcy
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