Solyndra

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Is Obama Truly in Dark on Secrets of White House?

On issue after issue, he's said to be 'in the dark': Dana Milbank

(Newser) - For a guy who's allegedly in charge of the executive branch, President Obama sure seems unaware of a lot of key issues, writes Dana Milbank in the Washington Post . There's the NSA spying on world leaders, which, according to the Wall Street Journal, Obama found out about this...

Van Maker That Got Energy Loan Shuts Down

VPG of Michigan received $50M from feds

(Newser) - Critics of the Obama administration's efforts to boost green energy with the help of government loans have some more ammunition: A Michigan company that made vans for disabled drivers is going under after receiving $50 million from the Energy Department, reports USA Today . The start-up Vehicle Production Group got...

Energy Secretary Steven Chu Leaving, Too

He will leave as soon as his successor gets confirmed

(Newser) - President Obama has another Cabinet post to fill: Energy Secretary Steven Chu is stepping down as soon as a successor is confirmed by the Senate, reports Politico . Chu is a Nobel winner in physics who made green spending a priority, even if it occasionally backfired, as in the Solyndra debacle...

Despite Fed Protests, Court OKs Solyndra Bankruptcy

Government may appeal decision

(Newser) - Failed solar company Solyndra got court approval for its bankruptcy plan today—despite objections from the US government. The government had accused the plan of providing $341 million in improper tax breaks for investors , but a judge said the government didn't prove that the main goal of Solyndra's...

Battery Maker That Grabbed $132M Stimulus Goes Broke

Is A123 Systems the new Solyndra?

(Newser) - A123, a battery maker that received $132 million in stimulus grants intended to promote electric vehicles, filed for bankruptcy yesterday, the New York Times reports, in a case that some pundits are already comparing to the Solyndra scandal. The bankruptcy is surprising, because the company had announced a deal to...

Solyndra Tries to Cheat the IRS
 Solyndra Tries to Cheat the IRS 
OPINION
Oct 16, 2012 1:59 PM CDT

Solyndra Tries to Cheat the IRS

Meanwhile, company sues Chinese companies for driving it to bankruptcy

(Newser) - The IRS is asking a bankruptcy court to torpedo Solyndra's plan for a Chapter 11 reorganization, saying that its "principal purpose is tax avoidance," the Wall Street Journal reports in an editorial today, explaining what it calls the "Solyndra memorial tax break." Solyndra's only...

Abound Solar Files for Bankruptcy

US Department of Energy had funded this one, too

(Newser) - Another government-supported solar panel company bit the dust today, Reuters reports. Abound Solar filed for Chapter 7 liquidation in Delaware after receiving about $70 million of a $400 million loan from the US Department of Energy, the firm said. The 125-employee company said it also had $300 million in private...

Romney Also Threw Cash at Solar Failures

In seeking to bring Mass. jobs, Romney was same as Obama in 'picking winners and losers'

(Newser) - Brace yourself for another round of political I-know-you-are-but-what-am-I: Mitt Romney has repeatedly hammered President Obama for the White House's role in Solyndra's meltdown, but now Konarka Technologies, another solar energy company in which Romney invested public funds as Massachusetts governor, has gone bankrupt, reports the Boston Herald . Romney...

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
...

Obama Defends Energy Policy in First Campaign Ad
 Obama Airs First Campaign Ad 
Jan 19, 2012 4:51 AM CST

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...

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...

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...

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...

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 "...

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...

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...

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...

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...

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...

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...

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