Here's a story that I had never considered and I'm sure most of you haven't either. Apparently, the government has done a very poor job of guaranteeing loans to alternative energy development. This is news to me, as I figured that these loans would be automatic since this sector will be growing in the next few decades. Clean energy companies need these federal loans because private investors are unwilling to fund expensive new technology. What's interesting about this is that the US Government Accountability Office examined the federal loan guarantee program and found that the Energy department has treated applicants for these loans inconsistently, favoring some and disadvantaging others. It looks like if we want consistent results in our renewable energy production then we should be giving out these loans on a consistent basis.
Source: http://michiganmessenger.com/48707/lack-of-federal-loan-guarantees-slows-alternative-energy-development
Uhg, the ugly side of politics rearing its head. It's a shame when technology can be bogged down by special interests and favoritism.
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