The LA Times let’s the cat out of the bag the day after voters reject Prop 23, just in case that might have given voters pause to reconsider voting green and rejecting Prop 23 that would have suspended the Legislative AB 32 that is placing stiff demands on Businesses to pay for green technology or pay fines.
NEW: Solar company faces dark days ahead
Katy Grimes: The day after the election, the Los Angeles Times reported that Solyndra Inc., a solar power system manufacturing company in the San Francisco Bay area, is closing one of its factories, laying off 40 employees and letting the contracts for more than 150 temporary workers expire.
It’s hard not to question the timing of this information.
Even with substantial government subsidies, credits and loan guarantees, many are wondering if Solyndra enticed by the Schwarzenegger administration and/or opponents of Prop 23 to keep the news of the downsize quiet until after Tuesday’s election, in order to guarantee failure of the proposition. It certainly appears so.
The Times reported Solyndra had received “a $535-million federal loan guarantee, more than $1 billion in private equity funds and supportive visits from dignitaries such as Gov. Arnold Schwarzenegger, Energy Secretary Steven Chu, Vice President joe Biden and President Barack Obama.” Click here to read more.