Congress Probes “Green Energy” Loans, Wasted “Stimulus”

By:  Alex Newman
02/08/2012
       
Congress Probes “Green Energy” Loans, Wasted “Stimulus”

Congress is investigating a series of questionable “green” loans made by the Obama administration to a variety of dubious companies, more than a few of which later went bankrupt costing taxpayers billions of dollars. But despite repeated requests, Energy Secretary Steven Chu has so far failed to testify on the matter, forcing Rep. Darrell Issa (R-Calif.) to warn him of a potential subpoena if cooperation is not forthcoming.
 
 

Congress is investigating a series of questionable “green” loans made by the Obama administration to a variety of dubious companies, more than a few of which later went bankrupt costing taxpayers billions of dollars. But despite repeated requests, Energy Secretary Steven Chu has so far failed to testify on the matter, forcing Rep. Darrell Issa (R-Calif., photo) to warn him of a potential subpoena if cooperation is not forthcoming.
 
In a letter sent to Chu last week and released on Monday, Chairman Issa of the powerful House Oversight and Government Reform Committee blasted the Department of Energy (DOE) for failing to cooperate with the investigation. He also noted that the DOE’s “stimulus” programs for so-called green energy have been a disaster responsible for billions of “wasted” tax dollars.   
 
“The Committee is actively investigating the DOE's implementation of the American Recovery and Reinvestment Act which has been plagued by missed goals, waste of taxpayer funds, and loan guarantees to companies that have failed,” Issa explained. “Your in-person testimony is vital to our oversight.”
 
Secretary Chu, however, has repeatedly defied the multiple requests by Congress to appear for a hearing. First, the excuse was scheduling conflicts. When the Committee offered an array of different dates far in advance, the department responded that other DOE officials would be better qualified to testify.

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