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Obama Energy Nominee will be Hit with Green Energy Loan Questions
President Barack Obama’s nominee to replace former Secretary of Energy Steven Chu, physicist Ernest Moniz, would if confirmed be the head of a department that has been the center of a green energy loan controversy that has drawn intense criticisms for its high-profile failures and allegations of cronyism.
During former Secretary Chu’s tenure, the Energy Department became been the subject of controversy over green energy loan guarantees which critics say were handed out to companies based on political considerations rather than economic ones.
“The green energy loan program was essentially a recycling program designed to send taxpayer dollars to the administrations financial supporters,”Peter Schweizer, author and Hoover Institution research fellow, told The Daily Caller News Foundation.
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By Michael Bastasch