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Thursday, December 1, 2016

Obama 'Admin' Spends Millions $ on unproven startups to Give Africa “Clean” Energy.

Obama 'Admin' Spends Millions $ on unproven startups to Give Africa “Clean” Energy. HT: Judicial watch.

As part of a broad mission to end extreme poverty worldwide the Obama administration is giving unproven startups millions of dollars to create solar power in Africa.

It’s a multi-million-dollar U.S. initiative to inspire entrepreneurs and investors to help bring enough connections so households in sub-Saharan Africa have access to clean, modern and affordable electricity.

Uncle Sam will pitch in around $36 million and the money will flow through Power Africa, a program created by President Obama to increase the number of people with access to power in the world’s second-largest continent.

This comes with a hefty price tag and, though the United Kingdom and private foundations will also contribute, American taxpayers will dole out the largest chunks of cash for the African endeavor.

It appears to be the international version of the president’s disastrous—and costly—plan to create innovative clean technologies domestically by filling the coffers of fly-by-night companies that never delivered. Instead, they went bankrupt after getting billions of dollars from American taxpayers under a Department of Energy (DOE) initiative that doled out $16.1 billion for more than two dozen projects. Read the full story here.


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