Friday, October 7, 2011
Continuing Effects of Solyndra Failure
I blogged last week about the failure of Solyndra, the solar energy company that received some pretty hefty funding by the US government. It has stimulated more doubt in the importance of solar energy and prompted investigation by the House of Representatives Republicans and the FBI. Now, Jonathan Silver (an energy loans official) has resigned from his position. Even with his resignation, though, the investigation is likely to continue. Even with all the legal issues, President Obama does not want to cease progress in this field. In a recent talk, he said, "If we are going to be able to compete in the 21st century, then we've got to dominate cutting-edge technologies, we've got to dominate cutting-edge manufacturing" (qtd in Energy loans official leaves in wake of Solyndra), referring to the necessity that the U.S. be competitive with China and other countries who are constantly advancing their technologies. It will be interesting to see if people can focus on what's important (having clean energy) rather than making the issue solely a political problem.