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.
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.
The world’s largest solar panel maker, China’s Suntech Power, put its Wuxi subsidiary into bankruptcy following poor sales and sanctions on the company, reports CNN Money.
President Barack Obama appears to be doubling down on his policies of using taxpayer money to finance green energy investments despite an increasingly spotty track record.
Emails obtained by the Washington Times paint a damning picture on the Obama administration’s claims that its loans to solar companies are apolitical.
Politico has compiled a list, with commentary, of 10 statements made by President Barack Obama or his 2008 campaign that highlight the contrast between Obama’s expectations coming into office and his accomplishments while occupying the White House.