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.

Sections:  news   politics   
RELATED ARTICLES
  • Keystone XL pipeline to be delayedKeystone XL pipeline to be delayed
    TransCanada Corp. says the long-delayed Keystone XL pipeline will be in service months later than expected and cost more than its current $5.3 billion price-tag as it continues to await U.S. government approval. TransCanada had been sticking to its late 2014 or early 2015 start-up target, but the regulatory process has dragged on. More
  • Drivers benefit as oil prices drop sharply
    A sharp decline in the price of oil this month is making gasoline cheaper at a time of year when it typically gets more expensive. It's a relief to motorists and business owners and a positive development for the economy. More
  • Nigeria tycoon 'plans $8bn refinery'
    Africa's wealthiest man, Aliko Dangote, says he aims to invest up to $8bn in a major new oil refinery that would double Nigeria's current oil output. More
  • Exxon CEO's Compensation Rises to $40.2 Million
    Exxon Mobil said CEO Rex Tillerson's total compensation rose 15% last year to $40.2 million. More
  • Could cow manure be the future of green energy?
    The next time you drive past a farm and smell cow manure, here's something to think about while you're holding your nose. The stinky stuff could someday be an inexpensive source for fueling your car and powering your home... The process of turning the waste into natural gas by using what are called anaerobic digesters, has become much more efficient. More
BING NEWS:
  • Cabinet secretary responds to electrifying Onion story
    But Chu also led the Energy Department when it backed over $500 million in financing to the solar panel manufacturer Solyndra, which later went bankrupt at a loss to taxpayers. Republicans used it against Obama as an icon of what Rep. Darrel Issa described ...
    02/7/2013 - 10:00 am | View Link
  • Steven Chu Resigns as U.S. Energy Secretary
    Energy Secretary Steven Chu ... from Republicans in Congress for approving a government loan-guarantee for Solyndra, a solar panel manufacturer that later failed, potentially costing taxpayers hundreds of millions of dollars. In his letter, Chu ignores ...
    02/1/2013 - 8:50 am | View Link
  • Carney: New solar failure got subsidies from Dems and GOP
    Amonix announced last week it was closing down its 214,000-square-foot Las Vegas factory that makes solar panels. The news generated schadenfreude among Republicans eager ... taxpayers on the hook for Solyndra's bankruptcy, Chu awarded a $90.6 million ...
    07/22/2012 - 9:00 am | View Link
  • Morning Energy: USEC scores big
    NOT GOING DOWN WITH THE SHIP: Senate Republicans really want to see the Keystone XL pipeline ... The notion that we have somehow locked up federal lands clearly doesn’t square with the facts,” an Interior spokesperson told ME. “Our goal is to ...
    05/16/2012 - 2:50 am | View Link
  • Wonkbook: The 3 ways the Court could rule against Obamacare's mandate
    "The math is easy: the federal budget over the next decade cannot be made to square ... Republicans have accomplished their mission. Even if no one goes to jail, they've turned Solyndra into a four-letter word, vilified the Nobel laureate Chu and left ...
    03/28/2012 - 8:30 am | View Link
  • More
BING SEARCH:
  • List of Failed Obama Green Energy & Solar Companies in the ...
    Full Obama failed green energy companies list below. Update: October 15, 2014: Obama Green Investments Said Would Take The Country Forward Are Going Belly Up, Taking ...
    07/5/2015 - 10:03 pm | View Website
  • Bloomberg
    The daily online Bloomberg report gives you the latest headlines from around the world, current market data annd personal finance advice, politics and top videos.
    07/5/2015 - 9:28 pm | View Website
  • Big Government
    Early Facebook investor and Paypal billionaire Peter Thiel revealed two key pieces of advice he gives aspiring entrepreneurs and investors this week at the Atlantic ...
    07/5/2015 - 3:12 am | View Website
  • The Case of CH2M HILL: $2 Billion in Crony Stimulation
    “Not very much.” This was the answer that the Department of Energy Secretary, Steven Chu, recently provided when asked of the amount the federal ...
    07/4/2015 - 5:11 pm | View Website
  • American Founding Quotes on Crony Capitalism ...
    Founders Quotes on Crony Capitalism. ... "The well born, and highest orders in life, as they term themselves, will be ignorant of the sentiments of the midling class ...
    07/4/2015 - 12:46 pm | View Website
  • More

Comment On This Story

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Politics News