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When the federal government becomes a venture capitalist bad things often happen. The private venture capitalist expects to see a return on his investment and investigates the opportunities and risks inherent in a start-up business. However, the government is not investing its own money and often has an not-for-profit agenda, which may be purely political. The results are often squandered taxpayers’ money and no accountability for the losses.

Paul Chesser of the National Legal and Policy Center documents some of the DOE’s investments in the renewable energy sector.

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Tagged: Dept. of Energy, DOE, electric vehicles, Obama administration, Paul Chesser, renewable energy, Secretary of Energy, solar energy, Steven Chu

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