6.14pm GMT: The Republicans are giving Chu a 15-minute break before they head into a second round of questioning. No Democrats are returning for the second round, which means that Chu is going to be under non-stop attack. It looks like he is up to it, judging from the first round. One point to consider [...]
Tag: Solyndra
November 17, 2011
November 17, 2011
Steven Chu to defend Solyndra loan before Congress panel
TheUS Energy Department did its homework on a $535 million loan guarantee it gave to the now bankrupt solar panel maker Solyndra, the energy secretary, Steven Chu, plans to tell lawmakers at a hearing on Thursday. Republicans are expected to grill Chu on taxpayer-funded aid to Solyndra, using as evidence emails from government officials and [...]
November 4, 2011
Solyndra subpoena for White House
3 November 2011 Last updated at 20:47 GMT President Obama visited Solyndra in May 2010, shortly after the approval of a federal loan A US congressional committee has voted to subpoena the White House for an investigation into a loan granted to failed solar-panel maker Solyndra. The House lawmakers voted along party lines to subpoena [...]
November 3, 2011
White House to face subpoenas on Solyndra
November 3, 2011 by legitgov ShareThis White House to face subpoenas on Solyndra –White House: The ‘unprecedented’ subpoenas are part of a ‘partisan’ effort 03 Nov 2011 A House panel voted Thursday to subpoena the White House for documents related to the solar energy company Solyndra. The House Energy and Commerce Committee’s subcommittee on oversight [...]
October 29, 2011
Clean energy loans under review
28 October 2011 Last updated at 21:38 GMT Solyndra received a $528m (£340m) loan from the Department of Energy Clean energy loans made by the US Department of Energy will receive a independent review. The head of the administration’s bailout programme, Herb Allison, will review the loans and issue a report. Republicans in the House [...]
September 17, 2011
GOP Aims to Scorch Obama Over Solyndra
The Republicans are jumping on what media pundits are calling “the Solyndra scandal,” and that could be a problem for President Obama. If the issue sticks, it could eliminate an argument that the Democrats were prepared to make in the 2012 campaign–that the Obama administration has been scandal-free. At a minimum, it could play into [...]
September 17, 2011
LightSquared and Solyndra: double trouble for Obama
One of the consequences of Republicans winning control of the House of Representatives was always going to be embarrassing probes by congressional committees. Now the results are starting to come out. Earlier this week there was the case of Solyndra, the hi-tech solar panel manufacturer that went bust last month, despite receiving more than $500m [...]
September 16, 2011
Solyndra: a bad bet for the White House
In May 2010, Barack Obama visited the California-based solar panel manufacturing firm Solyndra, the recipient of $535m in federal loan guarantees, and hailed it as an innovative company that was creating jobs and helping to fuel America’s economic recovery. “The future is here,” Obama declared. Except that it wasn’t. Just 15 months later, Solyndra announced [...]
September 15, 2011
US politics live blog
11am: Welcome to our rolling coverage of US politics – and it’s a busy day, with both Democrats and Republicans digesting the results of two special elections – what the British would call by-elections – last night that saw stunning Republican margins of victory. The biggest upset was in the New York 9th congressional district, [...]
September 15, 2011
Solyndra Bankruptcy Raises Questions About Federal Loan Guarantees
High risk was essentially the nature of the ill-fated Solyndra investment from its conception, but it’s really only now—after what could potentially amount to a scandal for either the bankrupt solar company, the Obama administration, or both—that the risks taken by the Department of Energy‘s Loan Guarantee Program are coming to the forefront. Solyndra, a [...]