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  • Energy Department

    DOE Rushed Treasury on Solyndra to Accommodate Press Release

    Energy Secretary Steven Chu may want the country to stop discussing the Solyndra scandal, but information continues to come to light that confirms the worst suspicions of the critics of DOE’s $535 million loan guarantee. According to a Treasury Department audit of the Solyndra loan, DOE pushed Treasury officials to expedite their … More

    Ecotality Examined: SEC Subpoena for Stimulus-Backed Company Revealed

    Part one of a three-part series. Scribe has obtained a copy of a Securities and Exchange Commission subpoena sent to Donald Karner, former CEO of Ecotality North America (formerly called eTec), the subsidiary of a company that recieved roughly $115 million in stimulus grants to manufacture charging stations for electric … More

    Congressman Seeks Answers on Stimulus-Backed Company Ecotality

    Congress is asking questions about a stimulus-backed electric vehicle company that received millions in taxpayer dollars even after the Securities and Exchange Commission opened an investigation into the company for insider trading. Ecotality, which manufactures charging stations for electric vehicles, was hit with an SEC subpoena in October 2010, a … More

    Another Stimulus-Backed Energy Company Files for Bankruptcy

    After months of financial turmoil, an Energy Department-backed lithium ion battery company has filed for Chapter 11 bankruptcy protection. The company, Ener1, received a $118 million grant from DOE in 2010 as part of the president’s stimulus package. The money, which went to Ener1 subsidiary EnerDel, aimed to promote renewable … More

    Solyndra Update: Friday Document Dump Raises More Questions

    The White House’s Friday evening Solyndra document dump revealed a pair of interesting facts that should not be lost in the news cycle’s three-day-weekend lull. Neither is a smoking gun, but both will likely fuel the fire of an investigation the administration would rather see die out. According to internal … More

    Senate Proposal Would Outlaw Solyndra-Style Loan Guarantees

    A Senate appropriations panel will consider a measure that would prevent the Department of Energy from subordinating taxpayers to private investors in the repayment of federally guaranteed loans. The measure is the first legislative proposal created in response to the Solyndra scandal. Sens. John McCain (R-AZ) and Tom Coburn (R-OK) … More

    Labor Department May Sink Another $14 Million into Solyndra

    Taxpayers will likely shell out another $14.3 million in federal aid to the 1,100 people formerly employed by defunct solar company Solyndra. The Labor Department announced Monday that it had approved Trade Adjustment Assistance payments for those former employees, which may pay out about $13,000 for each. TAA is designed … More

    'Smart Grid' Manufacturers the Next 'Green' Sector Under Fire

    Government-backed solar companies have taken a beating over the last few months, with Solyndra garnering most of the attention. But since the solar company’s bankruptcy in late August, another sector of the “green economy” has moved to the edge of a financial cliff: the renewable electricity grid. Like Solyndra, a … More

    DOE Inspector General Raises Doubts About Solyndra Loan Program

    The Energy Department’s Inspector General has recommended that the loan guarantee program that financed Solyndra be placed on a department “watch list.” The IG’s report raises concerns over the “exposure to risk” created by the program, but stops short of recommending its repeal. Solyndra secured a $535 million loan guarantee … More

    Nine Companies Financed by Liberal VC Firm Get Taxpayer Backing

    Scribe has reported extensively on the tendency of large government spending projects to reward the politically connected. It’s a virtual constant of federal interventions in the market, and perhaps nowhere is it more evident than in the Obama administration’s “green jobs” push. Writing on National Review Online today, I detail … More