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10-10-2011, 07:47 PM #1
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Issa Seeks Docs on $4.75B in Solar Guarantees
Issa Seeks Docs on $4.75B in Solar Guarantees
Monday, 10 Oct 2011 12:57 PM
Republicans are expanding their investigation into a U.S. loan-guarantee program beyond solar- panel maker Solyndra LLC to four awards issued on the clean- energy effort’s final day.
Representative Darrell Issa, a California Republican and chairman of the House Oversight and Government Reform Committee, wrote Energy Secretary Steven Chu on Oct. 7 requesting documents relating to $4.75 billion won by four solar projects on Sept. 30, when funding for the program ran out.
Republicans have said Solyndra’s $535 million loan guarantee was rushed for political considerations, leading federal reviewers of the loan to overlook evidence the Fremont, California, solar panel maker was a risky bet. Solyndra filed for bankruptcy protection on Sept. 6.
The guarantees “given on the last day of the program raise similar concerns,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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05-18-2024, 07:35 AM in General Discussion