New green energy fail: taxpayers hit for $20 million

On the very day that Obama rejected  the Keystone pipeline, Oregon Live reports: Taxpayers will have to bail out a state fund that made bad loans to increasingly speculative renewable energy projects. The fund loaned $18 million to a Clatskanie ethanol plant that quickly went bankrupt, $12.1 million to a Linn County solar company crippled by plunging global prices...In all, state officials estimate the Oregon Energy Department's Small Scale Energy Loan Program will cost the Oregon general fund, and taxpayers, as much as $20 million over five years. 
[Thanks: BJS]