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This -- we are just learning now that a green energy company that -- -- 250 million dollars in government grants.
-- grants rather has defaulted on several of its loans and could be headed for bankruptcy.
It's based on -- Massachusetts is called the -- 1231 of the nation's.
Leading manufacturers of electric car batteries.
Now this development comes after governor Romney at the last debate raise serious questions about the amount of money taxpayer dollars.
Spent on these kinds of green investments.
Look I'm all in favor green energy ninety billion.
That would have that would have hired two million teachers.
-- And and these businesses many of them -- gone out of business I think about half of them.
The ones have been invested in -- got a business a number of them happen to be owned by bit by by people who are contributors to your campaign.
So -- -- anchor Barney company Fox Business -- good morning to you what's the deal with this company and a Massachusetts it is another green energy -- 8123.
Makes electric car -- -- -- that was supposed to repay some of that debt today.
-- can't come up with the money so the more they say they might not have enough cash just to stay in business so that going to explore all going into bankruptcy.
Now this follows the bankruptcy of an -- one that's another electric car battery make up bankrupt some time ago.
That -- sole reason here bill is quite frankly.
That's we're not buying electric powered costs even with four dollar gas sales of the vault for example have been extremely disappointing.
We're not buying the cause we're not using those batteries down go with a battery company is another green energy boss -- are you putting this company in the cylinder category.
It's very close yes because they would get -- -- 123 was given 249.
Million dollars in grants that's not -- loan guarantees that that check.
At taxpayer check they've only used about half of it according to my sources only half of it but that is lost money.
If they go bankrupt that money is lost -- yet you can put that in the cylindrical maybe this comes to begin later tonight Stuart thank you see at 928 short minutes away and Fox Business.
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