House Committee: Stimulus Cash Flowing to Foreign Companies

Washington Free Beacon

The House Energy and Commerce Committee released a report Thursday that shows much of the money in a Department of Energy renewable-energy grant program has gone to foreign companies and has failed to produce many jobs.

"American Taxpayer Investment, Foreign Corporation Benefit" examined the grants the Department of Energy has awarded through its "Section 1603" green-energy grant program.

"Nearly one-quarter of this federal grant funding went to the US operations of a handful of large European and Asian renewable energy corporations," the report said. [Free Beacon]