Global Warming and Energy

Obama's government spent $2.6 billion on 1,500 solar projects in 2010 and 2011.

"A Government Accountability Office report shows that there were 65 federal initiatives to support solar technology in 2010 and 2011.
During that time, officials from six federal government agencies reported obligating $2.6 billion for more than 1,500 solar energy projects, with more than 90 percent of these obligations coming from the Department of Energy.
Of the $2.3 billion the DOE spent those two year, most — $1.7 billion — went to fund the Section 1705 loan guarantee program, the very same program that gave taxpayer backed loans to failed solar companies like Solyndra and Abound Solar.
Solyndra received a $535 million loan guarantee in September 2009 and subsequently filed for bankruptcy in August 2011 — the company laid off 1,100 workers, and prompted a congressional investigation.
Abound Solar closed a $400 million DOE loan guarantee in December 2010, and after years of selling reportedly faulty solar panels and drawing on $70 million of the loan guarantee, the company declared bankruptcy in June 2012. Abound’s bankruptcy happened just seven months after the company’s CEO called them the “anti-solyndra.”"

And check this out.

"Solar has also continued to grow over the past two years, adding more than 1300 megawatts of utility-scale capacity between the beginning of 2010 and June 2012, tripling the 619 megawatts of capacity in place at the end of 2009, according to the EIA.
However, solar energy is heavily subsidized — at nearly $970 million in 2011, according to the Wall Street Journal. It’s also one of the most expensive.
Using data compiled by the Institute for Energy Research, the Journal reported that solar energy subsidies cost $775.64 per megawatt hour. In contrast, sources like oil and gas cost only 64 cents per megawatt hour.
“So for every tax dollar that goes to coal, oil and natural gas, wind gets $88 and solar $1,212,” reports the Journal."

Wow.