They are two cutting-edge electric car makers, headquartered in California and backed by powerhouses of politics and money. In 2009, each secured half-billion dollar loan commitments from President Obama’s Department of Energy to help transform their clean-energy cars from drawing boards to showrooms. Read more»
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The Department of Energy was aware of the risks in backing Solyndra Inc., a start-up company that pocketed a half-billion dollar DOE loan, a former FBI agent who examined the company's books found. Read more»
Some green energy companies financed by the Department of Energy have gone bankrupt — but not before they doled out six-figure bonuses to top executives. Read more»
As it scrambled to save the flagship company of the Obama administration's green energy program, the Energy Department ignored repeated warnings from top Treasury Department officials that it was not following guidelines in refinancing Solyndra's half-billion dollar federal loan, a Congressional hearing Friday revealed. Read more»
Newly uncovered emails show the White House closely monitored and tried to rush Energy Department deliberations over whether to make a $535 million taxpayer-backed loan to Solyndra, a politically connected solar energy firm that went bankrupt and now is the focus of a criminal investigation. Read more»
Federal agents have expanded their examination of the now-bankrupt California solar power company Solyndra, visiting the homes of the company's chief executive, a founder, and a former executive, examining computer files and documents. Read more»
Federal agents executed a surprise search of the California headquarters of failed solar firm Solyndra Inc. on Thursday morning, focusing attention anew on a corporate beneficiary of President Obama's stimulus program to create new clean energy jobs. Read more»
A politically connected solar company that pocketed a half billion dollar government loan, only to shutter its doors, fire workers and file for bankruptcy, secured an interest rate lower than other green energy projects, iWatch News and ABC News found — one in a string of benefits the Obama administration doled out in bankrolling the project. Read more»
The 'biomass' industry is plagued by emissions fines and allegations of racism and shoddy plant construction. Read more»