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Energy Secretary Chu and President Obama. Credit: U.S. Department of Energy. |
(Cross-posted at Winning Progressive)
Solyndra was never about the facts. It was never meant to be. House Republicans put on a cynical show trial to attack the Obama Administration’s clean energy policies. They dragged Nobel Prize-winning physicist and Department of Energy Secretary Steven Chu to Capitol Hill in order to brow beat one of the most respected scientists in the world over the DOE Loan Guarantee Program.
Sadly, Republicans might have committed serious damage to American competitiveness in the global clean energy race. The United States is attempting to compete with China, Germany, Brazil and other nations whose governments are massively investing in the renewable energy sector. The Loan Guarantee Program is crucial to ensuring success in the industries of the future. Now comes the news that because of Solyndra, the DOE is being overly cautious in issuing loans. The first victim could be California-based luxury electric car maker Fisker Automotive’s plans to build a hybrid-electric car factory in Wilmington, Delaware for their new model Atlantic. The project was supposed to create 2,000 factory jobs and more than 3,000 vendor and supplier jobs. Wilmington’s unemployment rate stood at 10.4 percent as of last December so the city could really use those jobs. So Fisker is now considering placing the plant and all those jobs in Finland. Fisker already manufactures its Karma plug-in hybrid luxury sedan in
Finland. Fisker founder Henrik Fisker was quoted in
ABC News as saying the following: