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World’S Worst Coal-Funding Bank Just Saved The Biggest Us Rooftop Solar Project Ever
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Dec 02 2011 09:50 AM | eds in Ed's Articles
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The top 3 banks in the world
. . . for coal project funding are:
. . . . . . JP Morgan Chase,
. . . . . . Citibank and
. . . . . . Bank of America.
. . . for coal project funding are:
. . . . . . JP Morgan Chase,
. . . . . . Citibank and
. . . . . . Bank of America.
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Bank of America, has just revived the military SolarStrong project,
. . . 120,000 solar installations on military housing rooftops
. . . that will more than double
. . . the total residential solar installations in the US, and
. . . be the largest residential solar project in US history.
. . . 120,000 solar installations on military housing rooftops
. . . that will more than double
. . . the total residential solar installations in the US, and
. . . be the largest residential solar project in US history.
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With the media buzzing about the Solyndra “scandal,”
. . . House Republicans launched a campaign
. . . to cut and claw back federal funding and
. . . financial assistance for clean energy.
Caught up in the furor,
. . . an anticipated partial DOE Section 1705 loan guarantee
. . . fell by the wayside as the DOE notified SolarCity
. . . that it would not be able to process the application in time
. . . to meet a stipulated program deadline.
The DOE could not meet the deadline
. . . because congressional Republicans
. . . had added vast quantities of new red tape at the last minute,
. . . as Secretary Chu pointed out
. . . House Republicans launched a campaign
. . . to cut and claw back federal funding and
. . . financial assistance for clean energy.
Caught up in the furor,
. . . an anticipated partial DOE Section 1705 loan guarantee
. . . fell by the wayside as the DOE notified SolarCity
. . . that it would not be able to process the application in time
. . . to meet a stipulated program deadline.
The DOE could not meet the deadline
. . . because congressional Republicans
. . . had added vast quantities of new red tape at the last minute,
. . . as Secretary Chu pointed out
Quote
So the great project was killed.
In the meantime, the Occupy Wall Street movement erupted,
. . . spontaneously, worldwide, with its message to banks
. . . that the 99% are bigger than you, the 1%.
Bank of America had loaned $4.3 billion for coal projects
. . . in just the last year.
But that was before the Occupy movement.
. . . With this swift assistance to SolarCity
. . . in providing the needed capital for it to invest
. . . in the $1 billion (Solar Project.)
In the meantime, the Occupy Wall Street movement erupted,
. . . spontaneously, worldwide, with its message to banks
. . . that the 99% are bigger than you, the 1%.
Bank of America had loaned $4.3 billion for coal projects
. . . in just the last year.
But that was before the Occupy movement.
. . . With this swift assistance to SolarCity
. . . in providing the needed capital for it to invest
. . . in the $1 billion (Solar Project.)
