$150 million federal grant buys exactly zero batteries

In 2009, President Obama’s Energy Department awarded a $150 million grant to a company in Michigan to manufacture batteries for vehicles like the Chevy Volt. But because the Volt ended up being very unpopular, it was revealed last year that the company, LG Chem Michigan, used large portions of its federal grant to pay employees to watch movies and play cards because there was no work to be done. Now, according to TheBlaze.com, news is spreading that the company has not produced or sold a single battery since being awarded the 150 million bucks, and is almost certain to miss the grant’s May deadline for completion. This takes Green boondoggles to a whole new level.

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About the Author: David Rothbard

David Rothbard

David Rothbard is co-founder and President of CFACT.