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United States Department Of Energy
Latest United States Department Of Energy Items
A top Energy Department official who headed the office that awarded solar panel maker Solyndra LLC $535 million in loan guarantees is leaving the agency for a position at a Washington think tank, company officials confirmed Thursday.
Citing concerns that President Obama's "closest confidants" monitored now bankrupt solar panel maker Solyndra LLC, leaders of a House committee said Wednesday they were expanding their investigation into the failed company's more than half-billion dollar federal loan package.
President Obama said Monday he doesn't regret promoting tSolyndra as a model before the company went bankrupt.
A top Department of Energy official insisted Solyndra was "headed in the right direction."
A Justice Department office wants an independent trustee to oversee Solyndra in bankruptcy.
Solyndra is asking a bankruptcy court to pay $525 to $640 per hour for lawyers.
Days before the expiration of its loan program, the Department of Energy, under fire for backing more than a half-billion dollars in loans to now-bankrupt solar panel maker Solyndra LLC, announced Wednesday more than $1 billion in new loan guarantees for other solar projects in Nevada and Arizona.
The demise of Solyndra, the bankrupt solar panel company showered with more than a half-billion dollars in stimulus loans, exposes the fatal flaw of President Obama's jobs plans.
President Obama's war on fossil fuels is adding to instability in a world already racked by international debt, demographic pressures and unpredictable, galloping technological advances.