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David Victor Comments on U.S. Energy Secretary Chu

Analysis: Energy Secretary Chu likely to survive Solyndra

11/18/2011
Roberta Rampton and Ayesha Rascoe, Reuters

(Reuters) - Energy Secretary Steven Chu is taking the heat for government decisions on Solyndra, but he is unlikely to take the fall for taxpayer losses on a $535 million loan guarantee to the failed solar company.

Chu will likely keep his job, unless damning new details come to light in several parallel investigations into Solyndra.

Chu faced about five hours of grilling on Thursday from Republicans on the House Energy and Commerce committee about Solyndra. By most accounts, he held his own.

Chu took responsibility for Solyndra but stood firm that his staff did their homework on the loan. He said falling prices for solar panels drove the company into bankruptcy and were to blame for taxpayer losses.

 

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David G. Victor is a professor at the School of International Relations and Pacific Studies and the director of the Laboratory on International Law and Regulation (ILAR). Looking across a wide array of issues from environment and energy to human rights, trade and security, the Laboratory explores when (and why) international laws actually work.

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