FactCheck.org: Romney’s Clean Energy Whoppers
Romney falsely claimed about half of the clean-energy companies that received U.S.-backed loans have gone out of business. But 26 companies received loan guarantees under a loan program cited by Romney, and three of those have filed for bankruptcy. The three firms were approved for about 6 percent of the loan guarantees.
Romney incorrectly claimed the $90 billion in breaks to the green energy world was provided in one year. It was two.
He stated at one point that Obama put $90 billion into solar and wind. But only $21 billion went for renewable energy projects, such as the installation of wind turbines and solar panels, according to a White House document cited by the Romney campaign. The spending also included $18 billion for transit projects and $10 billion to upgrade the nations electrical grid.
He falsely claimed the $90 billion was equal to about 50 years worth of what oil and gas receives in tax breaks, which he estimated at $2.8 billion. By his own figures, it would have been 32 years worth. But its even less than that. The administration estimates that eliminating oil and gas tax preferences would raise about $3.9 billion a year (23 years worth). The industry itself says the administration would increase its taxes by $8.5 billion a year (10.5 years worth).
http://factcheck.org/2012/10/romneys-clean-energy-whoppers/
Lots more whoppers at the link.