Energy Chief Defends U.S. Green-Energy Loans in Resignation
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Energy Secretary Steven Chu, whose tenure was marked by questions about a troubled green-energy program, said in a letter to department employees today that he plans to step down and return to California and academics.
Chu was criticized by Republicans for supporting Solyndra LLC, a solar-panel maker that received a $535 million loan guarantee and went bankrupt two years later. He defended his support for clean energy in the message, which exceeds 50 paragraphs in length.