15 Sep '11, 12am

Fossil-fueled Republicans grandstand against Solyndra, solar energy

Fossil-fueled Republicans grandstand against Solyndra, solar energy

Today, House Republicans crowed over the bankruptcy of Solyndra, a company with an innovative thin-film solar technology granted a $535 million loan guarantee under the 2005 Energy Policy Act. Massive investments by the Chinese government drove down the price of polysilicon and pushed Solyndra into bankruptcy at the beginning of this month, despite annual revenues of over $100 million a year. The company is now under investigation by the FBI, likely because of assurances made to Congress by its top officials that Solyndra was in good financial health.

Full article: http://www.grist.org/solar-power/2011-09-14-fossil-fueled...

Tweets

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