Chu, Republicans Square Off On Solyndra Loan

Chu, Republicans square off on Solyndra loan

WASHINGTON (Reuters) - Republicans probing how a now-bankrupt solar panel company received a $535 million federal loan guarantee excoriated Energy Secretary Steven Chu on Thursday for his decisions on Solyndra at a hearing packed with media and spectators.

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  • DOE Chief Steven Chu Makes It Official: He's Stepping Down
    He leaves having presided over a huge but temporary boost in energy science fundingt, a boom in natural gas production, the BP oil spill, the creation of ARPA-E for high-risk research, and the overblown bust of a few companies like Solyndra. Republicans ...
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    My decision to guarantee a loan to Solyndra was based on the analysis of professional—experienced professionals and on the strength of the information they had available to them at the time." Democrats have accused Republicans of over-blowing the ...
    11/17/2011 - 11:00 am | View Link
  • Energy Sec'y Chu Defends Solyndra Loan
    The committee had been seeking testimony from Chu for months, but his responses left the Republicans frustrated. Chu argued that all due diligence was done. "We never cut corners," he said. He blamed Solyndra's failure on "softened demand" and Chinese ...
    11/17/2011 - 11:00 am | View Link
  • Steven Chu takes heat on Solyndra at hearing
    Chu appeared today before the Republican-led House Subcommittee on Oversight and Investigations to explain his role in Solyndra, the failed solar company that received a $535 million loan guarantee from the Department of Energy. Republicans Cliff Stearns ...
    11/17/2011 - 4:10 am | View Link
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