Chu: ‘Final Decisions on Solyndra Were Mine’

Energy Secretary Steven Chu will testify before the House Energy and Commerce Committee’s investigative panel, which has launched a months-long investigation into Solyndra.

Green_Globe_with_VineEnergy Secretary Steven Chu will take full responsibility for approving a $535 million loan guarantee to the now-bankrupt solar firm Solyndra during a House hearing Thursday, insisting that politics did not influence the decision.

“As the Secretary of Energy, the final decisions on Solyndra were mine, and I made them with the best interest of the taxpayer in mind. I want to be clear: over the course of Solyndra’s loan guarantee, I did not make any decision based on political considerations,” Chu will say, according to written testimony made public by the House Energy and Commerce Committee.

“My decision to guarantee a loan to Solyndra was based on the analysis of experienced professionals and on the strength of the information they had available to them at the time.”

Click here to read the complete article.

Source: Andrew Restuccia | The Hill