What did Obama do for renewable energy?
Clean Energy and the Recovery Act Allowing renewable energy developers to receive government grants instead of tax credits. In his 2011 State of the Union Address, President Obama called for a goal, “By 2035, 80 percent of America’s electricity will come from clean energy sources.”
Was the Recovery Act successful?
A range of independent estimates have confirmed the effectiveness of the President’s actions. According to the non-partisan Congressional Budget Office, the Recovery Act supported as many as 3.5 million jobs across the country by the end of last year.
Why did Ronald Reagan remove solar?
President Ronald Reagan took office in 1981, and the solar panels were removed during his administration. “Reagan’s political philosophy viewed the free market as the best arbiter of what was good for the country. Corporate self-interest, he felt, would steer the country in the right direction.”
What is the Obama Solyndra scandal?
Here are eight facts about the Barack Obama Solyndra scandal: 1. In 2009, the California-based green energy solar panel manufacturer Solyndra received a $535 million loan. The stimulus-funded loan, which was originally applied for in 2006 under the Bush Administration, was guaranteed by the Department of Energy.
What happened to Solyndra?
In 2009, the California-based green energy solar panel manufacturer Solyndra received a $535 million loan. The stimulus-funded loan, which was originally applied for in 2006 under the Bush Administration, was guaranteed by the Department of Energy. 2.
Which president subsidized Solyndra?
Many on the left argue that President George W. Bush and his Republican-controlled Congress began the green energy loan subsidies program, the Energy Policy Act of 2005, that ultimately provided the funding to Solyndra. Vote Now: Do You Approve or Disapprove of President Obama’s Job Performance?
Does Obama’s loan guarantee program predate Solyndra?
The loan guarantee program that provided financing for Solyndra, however, does not predate Obama. There are two loan guarantee programs for renewable energy companies. The first was created under section 1703 of Title XVII of the Energy Policy Act of 2005.