Tuesday, August 16, 2011

House Minority Leader’s Statement on Evergreen Solar Filing for Chapter 11 Bankruptcy Protection

House Minority Leader Bradley H. Jones, Jr. issued the following statement today after Evergreen Solar announced they had voluntarily filed for Chapter 11 bankruptcy protection:

“The fact that Evergreen Solar has filed for bankruptcy protection should serve as a lesson to the Patrick Administration that throwing money at what they decide is the” industry du jour” won’t necessarily translate into success for the Commonwealth.

Not even a year ago, Governor Patrick and Lieutenant Governor Murray were riding the Evergreen Solar horse all the way to re-election. And now the horse is no more. The Patrick/Murray Administration refrained from doing their due diligence, and instead wrote a $58 million dollar check from the taxpayers’ check book.

In a time where individuals and families are struggling financially, we need to be much more judicious in how we spend taxpayer dollars: on targeted, responsible investments to spur economic growth within Massachusetts.”