The White House released its much-awaited Report of the Independent Consultant’s Review with Respect to the Department of Energy’s Loan and Loan Guarantee Portfolio. Unfortunately, the report’s conclusions were doomed from the beginning, because it fails to ask an important, fundamental question: Why do we have the loan guarantee program …
The Department of Energy’s (DOE) Advanced Research Projects Agency-Energy (ARPA-E) is a program designed to fund high-risk, high-reward projects that the private sector would not embark upon on its own. ARPA-E has as its mission reducing energy imports, increasing energy efficiency, and reducing energy-related emissions, including greenhouse gases. The program …
In a damning report, The Washington Post details its investigation of President Barack Obama’s much-hyped green jobs program. Its findings? Politics, not policy, underpinned the White House’s calculations. From The Post report: Meant to create jobs and cut reliance on foreign oil, Obama’s green-technology program was infused with politics at every …
The Washington Post put together a handy infographic examining the distribution of $36 billion in Energy Department financing for renewable energy companies. Solar power generation companies were the largest beneficiaries of DOE’s “investments,” with twelve companies having received a third of the financing under the program.
How’s this for a waste of taxpayer money? According to Energy& Environment News, the Department of Energy is paying $230,000 for a website to promote career paths in the green energy sector–and it has, ironically, prohibited the listing of actual jobs in the industry. Here’s the report: The Department of Energy …
Americans have heard all about how the Obama Administration gave a $535 million loan guarantee to the now-bankrupt solar company Solyndra, but details are emerging about others who have won a windfall on the taxpayers’ dime. The latest example? President John F. Kennedy’s nephew, Robert Kennedy, Jr., who secured a $1.4 …
Two new chapters in the Solyndra scandal were written today, one involving a potential bailout of the company and the latest regarding Congress’s move to subpoena the White House for related communications. Meanwhile, the Department of Energy’s Office of Inspector General is “is investigating more than 100 potential instances of …
It’s yet another inauspicious announcement the Obama Administration didn’t want you to hear. Late on Friday, the White House announced that it ordered an independent review of loans made by the Department of Energy to energy companies after months of weathering criticism for its $528 million loan to the now-bankrupt …
