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  • Solyndra

    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

    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

    Morning Bell: A Bad Year for Obama's Green Dream

    For President Barack Obama, 2011 began with a bang — a bold pronouncement that his green dream for America would bring forth a jobs explosion and a new economy fueled by alternative energy, a vision he likened to President John F. Kennedy’s “moon shot” in the 1960s. Much to Obama’s … More

    Obama's Green Jobs Program "Infused with Politics at Every Level"

    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 … More

    VIDEO: Why Obama's Stimulus Failed

    President Obama’s economic stimulus was supposed to revive America’s economy and put people back to work. But nearly three years after Democrats rammed the bill through Congress, it’s a clear-cut failure. The nation’s 8.6 percent unemployment rate stands out as one of consequences. Then there is the high-profile Solyndra scandal … 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

    Federal Accounting May Understate Costs of Solyndra-style Programs

    The accounting methodology used to measure the cost to taxpayers of federal loan guarantee programs such as the one that financed defunct solar company Solyndra may dramatically understate the programs’ financial risk to taxpayers. Simply put, the federal government ignores administrative costs and the risks of borrowers defaulting on their … More

    'Solyndra Was Just the Beginning': Experts Predict Solar Industry Collapse

    Industry analysts are predicting a massive bout of bankruptcies for hundreds of American solar firms as the market for solar panels, inflated by zealous government backing, begins to cool down. The fallout could be dramatic, CNN reported Wednesday. “Of the few hundred or so solar panel makers worldwide, just 20 … More