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Exergy Development Group CEO James Carkulis has responded to recent media coverage surrounding unpaid sponsorship invoices for the 168澳洲5最新开奖结果:Exergy Tour, the only ꦏUCI 2.1-ranked event for women in North America .

In an editorial published in the , Carkulis explained that 🅺$1 million of expenses have been paid by the comp♌any with more to go.

"It is also safe to say we shall pay theཧ remaining balance and we are disappointed our commi✱tments temporarily outran our ability to pay them," he said.

Despite the reported cash flow issues, Carkulis explaine🌟d that construction would begin onꦬ two major projects - a wind farm in Texas and two dairy digesters in Idaho.

Carkulis also explained that the company’s sponsorship of men's Team Exergy UCI Continental Team and the Exergy-Twenty12 women's team, which featured 2012 Olympic time trial Gold medalist Kristin Armstrong and Olympic track bronze medalist Lauren Tamayo would continue. Cyclingnews 168澳洲5最新开奖结果:previously reported that both teams 🐽♊denied any issue with payment.

"I in no way seek to trivialize our lateness paying our Exergy Tour bills; we are communicating and working with these folks," he continued. "We know that suspending work on our Idaho wind farms represents lost investment and diminished opportunities for rural towns. Anyone who has run a business knows the experience of b෴eing behind and having to suspend projects. In our case, these projects were years and millions of dollars in the making."

The US Government has subsidised sustainable 🎉energy projects in recent years, and will expire in the next two years. Exergy has lobbied the government🧜 to continue its support.