The chief executives of embattled electric car manufacturer Fisker Automotive and an official from the Department of Energy loan program will face questions from Congress on Wednesday after the government-backed company’s failure.
Sen. Debbie Stabenow (D., Mich.) said she is “working with” the Department of Energy to revive the department’s dormant $25 billion auto loan program that has not closed a loan in two years.
A mirror manufacturer for solar energy projects that has received financial help from the federal government has gone bankrupt, a development that could affect current solar projects that have also received help from the federal government.
President Barack Obama touted a new plan to step up green energy subsidies on Friday at an Energy Department laboratory, critics say is emblematic of the government’s failure to succeed with taxpayer-funded green energy projects.
A politically connected engineering company that received massive stimulus contracts has admitted workers committed widespread fraud under the encouragement of its executives while working on a major taxpayer-funded nuclear cleanup effort.
Computer networks at the Energy Department’s headquarters in Washington were attacked in a major cyber espionage operation two weeks ago and information on employees and contractors was compromised to unknown intruders.
The Energy Department wasted millions of dollars making improper payments to contractors as part of a stimulus-funded program federal watchdogs warn is highly susceptible to fraud and waste.
A politically connected company with a history of legal and workplace safety violations provided inaccurate cost data to support a multi-billion-dollar federal nuclear waste cleanup contract, according to a recent report by federal watchdogs.
A high-technology electric car manufacturer and its related battery manufacturer are suing the Department of Energy, alleging the department improperly denied the companies a loan and leaked patented technology to competitors.
Vice President Joe Biden and the White House pressured the Department of Energy to issue a loan guarantee in 2010 for a wind farm in Oregon, undermining the president’s claim of political neutrality in the loan process.
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