SunEdison: A cloudy Picture For Another Renewable Energy Compnay
Californina Watchdog.org cites CEI's expert William Yeatman on government stimulus dollars spent in aid of renewable energy companies.
“Government has no business picking winners and losers,” William Yeatman said in a telephone interview. “The Department of Energy is not an investment bank. They have a loan office that mimics the functions of an investment bank by guaranteeing private sector loans but there’s no reason to think they’d be successful there. Why would we think that from whole cloth, the Department of Energy can create a green bank?”
Yeatman is a senior fellow specializing in environmental policy and energy markets at Competitive Enterprise Institute, a think tank that supports free-market ideas and criticizes government creating programs like DOE’s SunShot Initiative and using stimulus dollars to help renewable companies.