Thursday, November 17, 2011
Steven Chu Under The Microscope
Energy Secretary Steven Chu is likely to face sharp questions as the House Energy and Commerce Committee continues investigating a half-billion-dollar federal loan received by solar panel maker Solyndra, the Associated Press reported. The company later declared bankruptcy and laid off 11-hundred workers. Besides the initial loan, Chu also may be asked to explain why he approved a restructuring of Solyndra's debt that allowed two private investors to move ahead of taxpayers for repayment in case of default. While disappointed in Solyndra's bankruptcy, Chu says the U.S. should continue to support clean energy.
at 11/17/2011 12:45:00 PM