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NEWS ABOUT: Solyndra

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The Gloves Come Off Now That Romney's Clinched

Planned Parenthood goes after Mitt, Mitt goes after Solyndra

(Newser) - Now that Mitt Romney has officially clinched the Republican presidential nomination, the fight is on. An update on the lines of attack being launched now that we know for sure it's Obama vs. Romney:
  • The Planned Parenthood Action Fund is targeting Romney with one of its biggest political ad
... More »

Obama Airs First Campaign Ad

New ad targets 'secretive oil billionaires'

(Newser) - President Obama's re-election campaign has unveiled its first ad and there is no mention of hope or change. Instead, the ad attacks "secretive oil billionaires" and defends Obama's record on clean energy and jobs, the Wall Street Journal reports. The ad, titled "Unprecedented," will air... More »

Perry Gaffes Again, About the 'Country Solynda'

We're sure he meant the energy company, Solyndra

(Newser) - Rick Perry managed to avoid making any major gaffes at Saturday night's debate, only to follow it up the next day with … this. During an appearance in Iowa, he was slamming President Obama's administration for the spending choices it has made. "No greater example of it... More »

Chu: Solyndra Wasn't About Politics

Energy chief defends loan to Congress

(Newser) - Energy Secretary Steven Chu offered a spirited defense of his department’s loan guarantees to Solyndra today, telling Congress that the loan program is necessary to keep US alternative energy companies competitive, and insisting that he didn’t know Solyndra was connected to a major Obama fundraiser, the Washington Post... More »

Energy Dept. Asked Solyndra to Delay Layoff Announcement

...until day after 2010 midterm elections

(Newser) - More bad Solyndra press for the Obama administration: Emails released yesterday show that the Energy Department pushed the struggling solar company to delay announcing employee layoffs until after the 2010 midterm elections. On Oct. 25 of that year, Solyndra’s CEO sent the agency an email explaining that layoffs would... More »

White House Counsel Refuses Solyndra Subpoena

Says it's too broad, smacks of 'partisan politics'

(Newser) - The White House is fighting back over a House panel's subpoena of all Solyndra documents , refusing to comply and accusing the subpoena of being "driven more by partisan politics than a legitimate effort to conduct a responsible investigation," reports CNN . The "extremely broad request" is "... More »

House Panel Subpoenas White House Solyndra Docs

Last-ditch efforts to avoid the move prove fruitless

(Newser) - Despite last-minute efforts by the White House, the House Energy and Commerce Committee panel today authorized subpoenas for internal White House documents related to the Solyndra mess. The Washington Post calls the move “apparently unprecedented.” President Obama’s top lawyer had sought a deal and White House officials... More »

Another US-Backed Energy Company Goes Bankrupt

Beacon Power adds to Obama administration's post-Solyndra woes

(Newser) - More potential trouble for the Obama administration: On the heels of Solyndra, another federally-backed power company has gone bankrupt. A year ago, Beacon Power received a $43 million loan guarantee from the Department of Energy, Reuters reports. The company drew down $39 million of that loan for a $69 million... More »

White House Investigates Loans to Energy Department

Two dozen loans worth $36 billion will be reviewed after Solyndra mess

(Newser) - In the ugly aftermath of Solyndra , the White House yesterday ordered a 60-day independent review of the Energy Department's entire loan guarantee program, reports the LA Times . The review will encompass three loan programs and about two dozen loans worth about $36 billion. "While we continue to take... More »

Car Maker Gets $529M US Loan, Builds Car in Finland

Claims money was all spent on US design work

(Newser) - Another Energy Department loan guarantee is coming under scrutiny. ABC News has discovered that the Obama administration doled out a $529 million guarantee to Fisker Automotive to build its new state-of-the-art luxury hybrid, only to see Fisker build the car in a factory in Finland. Fisker says there were simply... More »

Perry, Paul Sought Energy Subsidies They Bash

They lobbied for loan guarantees for a Texas nuclear plant

(Newser) - Rick Perry and Ron Paul have been speaking out against federal energy subsidies—in spite of the fact that they actively lobbied to get a Texas company a slice of them three years ago, the Washington Post observes. “We don’t need to be subsidizing energy in any form... More »

Solyndra Investigators Won't See Obama BlackBerry

White House rejects request from House panel

(Newser) - President Obama's BlackBerry messages are off-limits to the House energy committee investigating the ugly bankruptcy of Solyndra , report Politico and CNN . White House officials say that revealing the messages would compromise presidential confidentiality, and that they have already given the panel plenty—including more than 900 pages of Solyndra-related... More »

Solyndra Almost Scored Navy Deal

Pentagon pulled out ahead of bankruptcy filing

(Newser) - Solar-energy firm Solyndra was one of three companies picked for a $1 million Navy pilot program for new technologies—but the Navy cut ties to the firm the day before Solyndra declared bankruptcy. A top investor in Solyndra, RockPort Capital, also sits on the Pentagon's emerging technology panel. When... More »

Solyndra CEO Resigns

Brian Harrison considered leaving before bankruptcy filing: company

(AP) - The CEO of the solar energy company that sought bankruptcy protection after receiving a $528 million loan guarantee from the Obama administration has resigned. Solyndra said in papers filed in Delaware bankruptcy court today that Brian Harrison resigned last Friday. Harrison's resignation was contemplated even before the company sought... More »

Treasury Worried That Solyndra Loan Was Illegal

Energy Dept. pushed ahead, amid potential conflict of interest

(Newser) - New emails are out in the Solyndra mess , and it's probably not a great day to be a guy named Steve Spinner. He is an Obama-fundraiser-turned-Energy-Department-official who pushed hard for the loan even though he promised to recuse himself—because his wife worked as an attorney for the firm... More »

Obama's 'Scandal-Free' Streak Sets Record

Because Solyndra doesn't count ... yet

(Newser) - Yesterday Barack Obama officially broke George W. Bush’s record for the longest scandal-free streak by a president in the post-Watergate era—at least by one political scientist’s criteria. Dartmouth professor Brendan Nyhan ran a study earlier this year on presidential scandals, which he defines as "widespread elite... More »

Energy Loan Official Leaving Amid Solyndra Flap

White House says Jonathan Silver's departure was long planned

(AP) - The head of the Energy Department's embattled clean-energy loan program is leaving in what officials called a planned departure. Jonathan Silver, who has headed the loan program since November 2009, is leaving to join a nonpartisan think tank. The program has come under fire from Republicans after Solyndra , a... More »

White House Almost Gave Solyndra Another Loan

Even as auditors warned the company was in trouble

(Newser) - Just days after Solyndra received its $535 million government-backed loan in September 2009 it applied for another one—this time for a mere $469 million—and the Energy Department put that request on a fast-tracked priority list, sources tell the Washington Post . The department was still seriously considering the request... More »

Emails Warned Obama About Solyndra Mess

Officials, investors shocked by investment in solar firm

(Newser) - Scared White House officials and private investors gave President Obama fair warning about his visit to Solyndra, the New York Times reports. Released today from a Congressional investigation, the emails told Obama not to visit the solar equipment manufacturer in 2009 because it would go belly up, despite massive federal... More »

Energy Sec Slammed in Solyndra Mess

Too much science, not enough politics at Energy Dept., say critics

(Newser) - The ugly tanking of government-funded solar-energy company Solyndra has many people questioning whether Energy Secretary Steven Chu can handle the job, reports Politico . "Just because you are a Nobel Prize-winning physicist doesn't mean you'd be a good orthopedic surgeon," criticized a Bush-era Energy Department official. "... More »

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