ECOtality fatality: Green company files for bankruptcy after 115M stimulus funding granted

“Government is terrible at picking winners and losers for a simple reason: Politics always interferes,” said William Yeatman, an energy policy expert at the Competitive Enterprise Institute, in response to the bankruptcy news.

“That news is only the latest costly reminder that Energy Department bureaucrats shouldn’t be running a taxpayer-backed investment bank for green energy,” Yeatman said in an email.