The Obama administration said Friday it will lose $139 million on a loan to struggling electric car maker Fisker Automotive Inc. after selling part of the loan to a private investor that immediately took the company into bankruptcy.
A new report reveals that the Department of Energy has spent more than $11 million per green job created since 2009.
Homeowners on the hunt for sparkling solar panels are lured by ads filled with images of pristine landscapes and bright sunshine, and words about the technology’s benefits for the environment — and the wallet.
A small building tucked in the hills of Northern California shines with an unusual green glow from hundreds of glass tubes jutting out from one side toward nearby bushes.
One would think that Obama and his White House would want to keep the name Solyndra as far from the headlines as possible. Yet, President Obama is rubbing elbows with key players in the Solyndra stimulus disaster at a high-priced fundraiser where donors paid $35,800-per-person.
President Barack Obama’s campaign is ramping up criticism of Republican Mitt Romney’s record in Massachusetts, while the Republican nominee is contrasting his record in the private sector with the Obama administration’s support for green energy companies.
Republicans took the offensive Tuesday and cast President Barack Obama as the culprit for the economy’s persistent frailty, hoping to shift the focus away from his State of the Union address’ theme of economic fairness.
Republican investigators say the Obama administration wanted the failing solar energy company Solyndra to delay announcing employee layoffs until after the 2010 midterm elections.
A Republican-led House panel has agreed to subpoena White House documents related to Solyndra Inc., the failed California solar company that received a half-billion-dollar federal loan.