Even with heavy subsidies with our money the myth of Green Job Creation still won't go away.

[QUOTE]Update: Solyndra announces it plans to file Chapter 11 bankruptcy, is suspending operations and seeks a reorganization. Click here for the company's full statement.


Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.

"I was told by a security guard to get my stuff and leave," one employee said. The company employs a little more than 1,000 employees worldwide, according to its website.


Shortly after it opened a massive $700 million facility, it canceled plans for a public stock offering earlier this year and warned it would be in significant trouble if federal loan guarantees did not go through.

The company has said it will make a statement at 9am California time, though it's not clear what that statement will be. An NBC Bay Area photographer on the scene reports security guards are not letting visitors on campus. He says "people are standing around in disbelief." The employees have been given yellow envelopes with instructions on how to get their last checks.

Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said "it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that. "

The federal government offered $535 million in low cost loan guarantees from the Department of Energy. NBC Bay Area has contacted the White House asking for a statement.

Some Republicans have been very critical of the loans. "I am concerned that the DOE is providing loans and loan guarantees to firms that aren't capable of competing in the global market, even with government subsidies" Florida Congressman Cliff Stearns told the New York Times.[/QUOTE]

[URL]http://www.nbcbayarea.com/news/local/Solyndra-Shutting-Down-128802718.html[/URL]



Even that den of corruption known as U.N. can't fool everyone


[QUOTE]UN Green Climate Fund ‘headed for failure’ – Bloomberg
1 September 2011

The Green Climate Fund (GCF), designed to channel $100 billion a year in climate-related investment to the developing world by 2020, is destined for failure, according to Bloomberg New Energy Finance (BNEF).

In a white paper published today, BNEF chief executive Michael Liebreich argued that the Transitional Committee set up within the UN Framework Convention on Climate Change (UNFCCC) to design the GCF is pursuing public funding which will not be forthcoming.

“The current UNFCCC negotiations over the creation of the Green Climate Fund are heading down a dead end,” he said. “The Transitional Committee charged with the design of the fund is dominated by figures from government with no private sector experience.

“They are looking to create yet another multilateral institution for managing pools of public money but, even if they succeed in creating a fund, there is no earthly way developed world governments will resource it to the tune of $100 billion per annum.”

He described the Transitional Committee as “an unfolding triumph for the developing world”, which has long favoured public financing for climate change mitigation and adaptation over private finance.

But he said that this is “a purely pyrrhic victory. There will never be a $100 billion, government-to-government funds transfer, nor anything approaching it.” He is also dismissive of proposals to tax aviation or financial transactions to provide the finance.

However, Liebreich argued that the financing is available via the private sector, with public money used “in a surgical way only to deal with specific risks and viability gaps that the private sector cannot take on”.

He proposes the creation of a Green Climate Finance Framework. “What is needed … is a set of instruments to provide a range of different forms of support including soft loans, grants to cover the extra cost of clean solutions, and skills-building,” he said.

“Each instrument would be offered by any number of public and private institutions in competition with each other, which would keep costs down and provide for good governance and transparency. The bulk of the required finance would be provided by the private sector directly to individual projects, rather than as government-to-government transfers.”

Such a framework would be required to support what BNEF estimates is the $50 billion per year of private sector debt financing needed to complement $30 billion in equity and $20 billion from development banks.

The framework would act as a certification standard for qualifying projects, that would make them eligible for a range of financing programmes.

“Many questions remain in the detailed design of a Green Climate Finance Framework,” Liebreich wrote. “The main point, however, is that it can be done. The promise of $100 billion of climate finance [a year] for the developing world can be met, with sufficient creativity and flexibility all round.”[/QUOTE]
[URL]http://www.environmental-finance.com/news/view/1950[/URL]

[QUOTE=anthonyC]
Even with heavy subsidies with our money the myth of Green Job Creation still won't go away.

[QUOTE]Update: Solyndra announces it plans to file Chapter 11 bankruptcy, is suspending operations and seeks a reorganization. Click here for the company's full statement.


Solyndra, a major manufacturer of solar technology in Fremont, has shut its doors, according to employees at the campus.

"I was told by a security guard to get my stuff and leave," one employee said. The company employs a little more than 1,000 employees worldwide, according to its website.


Shortly after it opened a massive $700 million facility, it canceled plans for a public stock offering earlier this year and warned it would be in significant trouble if federal loan guarantees did not go through.

The company has said it will make a statement at 9am California time, though it's not clear what that statement will be. An NBC Bay Area photographer on the scene reports security guards are not letting visitors on campus. He says "people are standing around in disbelief." The employees have been given yellow envelopes with instructions on how to get their last checks.

Solyndra was touted by the Obama administration as a prime example of how green technology could deliver jobs. The President visited the facility in May of last year and said "it is just a testament to American ingenuity and dynamism and the fact that we continue to have the best universities in the world, the best technology in the world, and most importantly the best workers in the world. And you guys all represent that. "

The federal government offered $535 million in low cost loan guarantees from the Department of Energy. NBC Bay Area has contacted the White House asking for a statement.

Some Republicans have been very critical of the loans. "I am concerned that the DOE is providing loans and loan guarantees to firms that aren't capable of competing in the global market, even with government subsidies" Florida Congressman Cliff Stearns told the New York Times.[/QUOTE]

[URL]http://www.nbcbayarea.com/news/local/Solyndra-Shutting-Down-128802718.html[/URL]



Even that den of corruption known as U.N. can't fool everyone


[QUOTE]UN Green Climate Fund ‘headed for failure’ – Bloomberg
1 September 2011

The Green Climate Fund (GCF), designed to channel $100 billion a year in climate-related investment to the developing world by 2020, is destined for failure, according to Bloomberg New Energy Finance (BNEF).

In a white paper published today, BNEF chief executive Michael Liebreich argued that the Transitional Committee set up within the UN Framework Convention on Climate Change (UNFCCC) to design the GCF is pursuing public funding which will not be forthcoming.

“The current UNFCCC negotiations over the creation of the Green Climate Fund are heading down a dead end,” he said. “The Transitional Committee charged with the design of the fund is dominated by figures from government with no private sector experience.

“They are looking to create yet another multilateral institution for managing pools of public money but, even if they succeed in creating a fund, there is no earthly way developed world governments will resource it to the tune of $100 billion per annum.”

He described the Transitional Committee as “an unfolding triumph for the developing world”, which has long favoured public financing for climate change mitigation and adaptation over private finance.

But he said that this is “a purely pyrrhic victory. There will never be a $100 billion, government-to-government funds transfer, nor anything approaching it.” He is also dismissive of proposals to tax aviation or financial transactions to provide the finance.

However, Liebreich argued that the financing is available via the private sector, with public money used “in a surgical way only to deal with specific risks and viability gaps that the private sector cannot take on”.

He proposes the creation of a Green Climate Finance Framework. “What is needed … is a set of instruments to provide a range of different forms of support including soft loans, grants to cover the extra cost of clean solutions, and skills-building,” he said.

“Each instrument would be offered by any number of public and private institutions in competition with each other, which would keep costs down and provide for good governance and transparency. The bulk of the required finance would be provided by the private sector directly to individual projects, rather than as government-to-government transfers.”

Such a framework would be required to support what BNEF estimates is the $50 billion per year of private sector debt financing needed to complement $30 billion in equity and $20 billion from development banks.

The framework would act as a certification standard for qualifying projects, that would make them eligible for a range of financing programmes.

“Many questions remain in the detailed design of a Green Climate Finance Framework,” Liebreich wrote. “The main point, however, is that it can be done. The promise of $100 billion of climate finance [a year] for the developing world can be met, with sufficient creativity and flexibility all round.”[/QUOTE]
[URL]http://www.environmental-finance.com/news/view/1950[/URL]
[/QUOTE]



Its not a lie. It may just be that other companies products are more efficitient and their processes better.

In the early days of the car industry man companies produced models.

In spite of many going bankrupt the few that survived have produced many jobs. Ditto TV sets etc. etc.
S.