"Algenol — dubbed “Obama’s favorite algae company” by Forbes magazine — racked up $25 million in federal stimulus grants from Chu.
Yet another algae-based biofuels developer, Sapphire Energy, has absorbed $105 million in stimulus funds and loan guarantees even as doubts about the practicality, efficiency and viability of pond-scum fuels multiply.
San Francisco-based Solazyme. The manufacturer of algae-based renewable fuels has scooped up more than $21 million in federal stimulus grants and contracts.
[ TJ Glauthier — a member of the Obama presidential transition team] “serves on the board of EnerNOC Inc., a company that provides demand-response services to electric utility firms. EnerNOC won a $10 million contract with the Department of Energy Resources in 2010 despite being underbid by competitors, the Boston Herald reported
Thanks to one of President Obama’s executive orders, Solazyme secured a $12 million contract with the U.S. Navy to unload hundreds of thousands of gallons of biofuel — priced at an estimated four to seven times the normal cost of regular jet fuel." [Michelle Malkin]
Yet another algae-based biofuels developer, Sapphire Energy, has absorbed $105 million in stimulus funds and loan guarantees even as doubts about the practicality, efficiency and viability of pond-scum fuels multiply.
San Francisco-based Solazyme. The manufacturer of algae-based renewable fuels has scooped up more than $21 million in federal stimulus grants and contracts.
[ TJ Glauthier — a member of the Obama presidential transition team] “serves on the board of EnerNOC Inc., a company that provides demand-response services to electric utility firms. EnerNOC won a $10 million contract with the Department of Energy Resources in 2010 despite being underbid by competitors, the Boston Herald reported
Thanks to one of President Obama’s executive orders, Solazyme secured a $12 million contract with the U.S. Navy to unload hundreds of thousands of gallons of biofuel — priced at an estimated four to seven times the normal cost of regular jet fuel." [Michelle Malkin]
In each case above, principals, executives or major financers are connected to the Democrat Party or Obama as major donors. CRONY CAPITALISM RIDES AGAIN. [c;ipper]
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