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Zax2me

(2,515 posts)
5. This is a failed 'green energy' company. Going nowhere.
Thu Mar 7, 2013, 10:44 PM
Mar 2013
http://truth-out.org/news/item/12610-what-happened-to-the-green-new-deal
What Happened to the Green New Deal?

Once exalted as the poster child for exemplifying Obama's vision of "green-collar jobs at the hands of a resurgence in American innovation," Serious Energy shriveled into a new economy shell reminiscent of Enron, chucking aside manufacturing for software, finance and hedging. The venture capital taps were also running dry. Serious raised less than $20 million of its 2010 goal of $56 million, and less than $3 million of a $33 million round in 2011.

I wish the workers good luck but millions have been lost from private investors over the years not to mention massive tax breaks from the govt. And this company now has less than 100 employees. Not exactly world changing.

A money pit. Maybe these workers would be better off somewhere else.

Recommendations

0 members have recommended this reply (displayed in chronological order):

K&R Guy Whitey Corngood Mar 2013 #1
K&R! Fire Walk With Me Mar 2013 #2
k&r Starry Messenger Mar 2013 #3
Not the first, although the first in this country in a while HarveyDarkey Mar 2013 #4
This is a failed 'green energy' company. Going nowhere. Zax2me Mar 2013 #5
more employee owned companies would be great ThomThom Mar 2013 #6
We need to do more of this... ljm2002 Mar 2013 #7
Does me good to hear this Populist_Prole Mar 2013 #8
kr HiPointDem Mar 2013 #9
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