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$130 Million In the Wind

$130 Million In the Wind
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US Government Fights to Recover $130 Million Lost to Abengoa Renewables Bankruptcy | Watts Up With That?

Guest essay by Eric Worrall The US Government has formally objected to an attempt by Spanish Renewable Giant Abengoa's bankrupt US arm to walk out on $130 million of federal loans. U.S. Objects to Abengoa Bankruptcy-Exit Plan Energy, Justice departments among agencies seeking at least partial repayment of government investments The U.S. government, which pumped…

The U.S. government, which pumped more than $130 million into Spanish renewable-energy company Abengoa SA's U.S.-based projects, is asking a federal judge to put the brakes on the company's plan to exit bankruptcy

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Oh no investing such huge amount into those business and organizations is a big thing , but it would be good if there is a good profit in return but when there is a loss then every thing goes into water.

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