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   
  • 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
  • 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
  • Operating on dual tracks, House GOP keeps probe -- and hope -- alive
    Just when you thought the controversy over Solyndra might be dying down, along comes House Oversight and Government Reform Chairman Darrell Issa (R-Calif.) to keep the issue square ... following Chu's testimony. "Nor have the Republicans succeeded in ...
    12/6/2011 - 11:00 am | View Link
  • The man behind Solyndra's rise and fall
    Two Solyndra ... square-foot manufacturing facility along Interstate 880. He fired off demanding emails to Energy Department staff members when his company's application hit snags or delays. He attended a White House meeting hosted by Energy Secretary ...
    11/28/2011 - 1:20 am | View Link
  • The man behind Solyndra's rise and fall: Chris Gronet
    When President Barack Obama visited Solyndra in May 2010, then-CEO Chris Gronet gave him a personal tour in what was ... which was used to build a new 300,000-square-foot manufacturing facility along Interstate 880. He fired off demanding emails to Energy ...
    11/27/2011 - 2:46 am | View Link
  • More
  • AllGov
    Overview. The Department of Energy (DOE) is a cabinet-level agency that has both important energy- and national security-related missions. DOE’s roots go all the ...
    07/28/2015 - 1:51 pm | View Website
  • Breitbart TV
    Jindal to Westboro Baptist: Disrupt Lafayette Funerals and We’ll Lock You Up Todd: Trump Looking Into Getting on the Ballot in 50 States as an Independent
    07/28/2015 - 5:58 am | View Website
  • Big Government
    Put aside the debate over whether businessman and GOP presidential candidate Donald Trump will be the Republican nominee for now.
    07/28/2015 - 5:01 am | View Website
  • PICTURES: Photo of the Day
    Every day, we bring you the top photo of the day. Here is a collection of these photos.
    07/28/2015 - 4:18 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 ...
    07/27/2015 - 9:44 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