Another green energy scam collapsed – Wattwatt?

If the Biden administration's green energy agenda is buses, it will be Without wheels, the battery runs out, and the price is $160 million. Enter Lion Electrica Canadian electric school bus company, was almost handed over to $160 million in taxpayer funding subsidy– Only Bankruptcymaking school districts throughout the United States tall and dry.

Now, watchdogs like EPA Administrator Lee Zeldin Ask for an answer, another Improper, wasteful and completely avoided Green energy failure.

$160 million has nowhere to go

As part of Biden $5 billion clean school bus programLion Electric was awarded $159 million 435 electric buses are produced. The government touts it The symbol of the climate agendawith Kamala Harris' own striker and center, has influx of the program.

Fast forward to today:

• Lion Electric has stopped manufacturing.
• It has given up its labor force.
• It did not deliver a promised bus worth $95 million to 55 school districts.

People in charge across the country want to know if they will Have received it once They are guaranteed to buses. “No buses were transported to our area. We were put on hold,” said Dawn Wallace, principal of Ohio Valley School District.

Warning is ignored

This is the kicking: Lion Electric was in serious financial difficulties long before Biden began to remit funds into it.

• The company has lost $301.6 million since 2020.
• Its stock price fell from $33.48 per share to just $0.08– Amazing 99.7% elimination.
• It was attacked by class action lawsuit It is said to have misled investors' “seriously unrealistic financial forecasts.”

However, the Biden administration Keep money flowingreward a failed company because it fits in the narrative of “green energy”.

Lee Zeldin summons corruption

He handed over the rubber map of Lion Electric to millions No supervisionEPA administrator Lee Zeldin asked for answers. He pointed out the secret video from Project Veritas Biden officials admit EPA frantically pushes billions of dollars to green projects Before the government resigns.

arrive Not buying excuses,illustrate:

“They know they're wasting hard-earned American taxpayers' money … Americans deserve the answer. I'm committed to delivering it for them.”

House Energy and Business Chairman Brett Guthrie (R-KY) also exploded the government, saying:

“The Biden-Harris administration has spent four years wasting taxpayers' money in pursuit of its green new transaction agenda…communities across the country are paying the price.”

Joliet factory collapses

One of the biggest symbols of failure is Lion Electric's 900,000 square foot factory in Joliet, Illinois.

• The plant should Create 1,400 jobs.
• Local officials hype it Clean Energy Success Stories.
• Today, it's a Ghost Citywith lion electric stop operation and fired workers.

Even Joliet Director of Economic Development Admit: “Now, we have a large space in the community that has the potential to be vacant for a while.” Translation: We are bound, and now we are trapped by an empty factory.

Another green energy scam exploded

The collapse of Lion Electric follows Familiar mode of Government-funded green energy disaster:

1. The Biden administration pays taxpayers’ money to a politically favored company.
2. The company is financially unstable, but it has millions of dollars anyway.
3. The company burned through cash, couldn't deliver, and then collapsed.
4. Taxpayers and local communities have only empty promises.

We've seen it Solynda. We've seen it Proterra. And now, we see Lion Electric.

What's the difference this time? Lee Zeldin and House Republicans didn’t lift Biden out of the situation.

Bottom line

this Biden administration's obsession with green energy subsidies Causes Billions of dollars in waste, project failures and promises.

at the same time, School districts still need busesthe community still needs work, the U.S. taxpayers are Pay the price again Biden's reckless spending.

It's time Stop funding fantasy And start requesting True accountability– grateful Lee Zeldinthis estimate may eventually come.

About the functional image. Last March, Lion Electric did win MHUB's Chicago Manufacturer of the Year Award.

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