- Marionville mayor ‘kind of agreed’ with Kansas City shooter’s views
- Rev. Al Sharpton’s Easter message: Politically ‘crucified’ Obama has risen again
- Supreme Court to weigh challenge to ban on campaign lies
- UNICEF launches ‘Mr. Poo’ mascot in India to curb public defecation
- Teen taking selfie by train: ‘Wow, that guy just kicked me in the head’
- Goodbye, Afghanistan — hello, Africa: Air Force to shift as U.S. exits Middle East
- Iran mulls ban on vasectomies, decrease on abortions to bolster population
- CNN op-ed claims right-wingers ‘more deadly than jihadists’
- Classes resume at high school rocked by stabbings
- ABC News accuses Center for Public Integrity of stealing Pulitzer-winning work
ECOtality fatality: Green company files for bankruptcy after 115M stimulus funding granted
Taxpayer-backed green energy company ECOtality filed for chapter 11 bankruptcy protection on Monday following weeks of turmoil in which the company laid off employees and ceased filling orders for its electric vehicle charging stations.
ECOtality announced the bankruptcy in a Monday filing with the Securities and Exchange Commission. The bankruptcy proceedings will take place in the United States Bankruptcy Court for the District of Arizona, the company said.
The company’s work in building and installing electric vehicle charging stations was integral to the Obama administration’s attempts to get a million electric vehicles on the road by 2015. That goal has been walked back as its achievability came into question.
Rep. Lamar Smith (R., Texas), chairman of the House Committee on Science, Space and Technology, said the failure of the company is another demonstration of the administration’s disastrous policies.
“Mistakes can be forgiven, but there is no excuse for repeating these failures over and over,” he added. “American taxpayers deserve better.”
Federal support for the company, Gibbons said, was “meant to establish the seeds of infrastructure needed to support a growing market for advanced vehicles, [and] the company installed more than 12,500 charging stations in 18 US cities—or approximately 95% of their goal.”
ECOtality revealed in its Monday filing that Brandon Hurlbut, a company director, resigned on Sunday. Hurlbut was the chief of staff for former Energy Secretary Steven Chu, and led the transition to its current secretary, Ernest Moniz, before departing for the private sector.
“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.
TWT Video Picks
By John R. Bolton
Reality calls for attaching Gaza to Egypt and the West Bank to Jordan
- 'Culture of intimidation' seen in Nevada ranch standoff
- HURT: Wilson and Obama ... 100 years apart, but so alike
- FISHER: Shades of Berlin in the South China Sea
- IRS emails reveal discussion with Justice about suing nonprofits for election activities
- Rand and Ron Paul ride to the rescue for Bundy in Nevada standoff with feds
- U.S. Navy to turn seawater into jet fuel
- Air Force sees resource shift as U.S. exits Afghanistan, heads to Africa
- WEBER: Obamacare cuts home healthcare for millions of seniors
- Nevada Bundy ranch standoff could leave dirt on Harry Reid reputation
- EXCLUSIVE: FBI blocked in corruption probe involving Sens. Reid, Lee
Celebrity deaths in 2014
Top 10 handguns in the U.S.