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United States Department Of Energy
Latest United States Department Of Energy Items
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.
Solar panel maker Solyndra's chief executive traveled to Washington and met with members of Congress.
Before solar-panel maker Solyndra LLC went bankrupt, the U.S. Department of Energy — which had signed off on more than a half-billion dollars in loans — approved paying up to $1.1 million for an investment bank's advice on restructuring Solyndra "both in and out of bankruptcy," records show.
In the fallout of the collapse of solar-panel maker Solyndra LLC — a company awarded more than a half-billion dollars in federal loans before it went bankrupt late last month — members of Congress are demanding to know how all that money was spent.
The Obama administration will continue its push for solar energy despite growing controversy over a $528 million loan to a now-bankrupt California solar panel maker, Interior Secretary Ken Salazar said Wednesday.
Millions of Americans recently celebrated the demise of the Environmental Protection Agency's job-killing ground-level-ozone regulations. Though a toast was appropriate, we shouldn't drink too much champagne just yet.
Freedom, opportunity, prosperity and a civil society have made America exceptional. But without energy — secure and affordable energy — many of our great accomplishments would not have been possible.