A Project of The Annenberg Public Policy Center

PAC’s Email Spreads Energy Conspiracy Theory

In a fundraising email, a conservative PAC claims President Barack Obama is raising natural gas prices to pay for failed green energy companies. But the letter offers only false claims and twisted facts to support this conspiracy theory.

The email says Solar Trust of America, a now-bankrupt company, received “the second largest loan ever handed out by the Department of Energy.” STA never took a government-backed dime. The firm was conditionally approved for the financing, but ultimately turned it down.