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 …
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 …
A new book by Hoover Institution fellow Peter Schweizer details the startling extent of the cronyism that has pervaded President Obama’s “green jobs” push. According to Schweizer, 4 out of every 5 renewable energy companies backed by the Energy Department was “run by or primarily owned by Obama financial backers.” …
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 …
When the government-backed Solyndra filed for Chapter 11 bankruptcy, policymakers supportive of the loan-guarantee program said variations of the following: “If this were a venture capital firm and only one out of 10 projects failed, they would be a great success.” That would be fine if it were private money, …
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 …
If clean-energy means “low-carbon” (a definition to which I object), then the U.S. is way, way ahead of China in the clean-energy race. If it means low-everything-else, we are still way, way ahead, since China has a pathetic record on controlling genuine pollution. Getting hung up on commoditized solar-panel or …
Democrats determined to shield the administration from accusations of political cronyism are unwittingly undermining the larger policy vision that they themselves have supported, and the president has championed: the so-called “green energy economy.” Reps. Henry Waxman (D-CA) and Diana Degette (D-CO), ranking Democrats on the House Energy and Commerce Committee and its investigative sub-panel, …
The Obama Administration has been knee-deep in scandal after green energy “model” Solyndra went bankrupt less than two years after receiving a $500 million loan guarantee from the federal government. Now, they are up against another controversy. Days before a recent deadline, the Department of Energy brazenly approved two additional …
