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US Energy Secretary Steven Chu defended his decision to approve a $535m loan guarantee for Solyndra – and a subsequent restructuring that subordinated taxpayer money to that of private investors – during a high-profile Congressional hearing.

Chu rejects allegations of political influence in Solyndra debacle

US Energy Secretary Steven Chu defended his decision to approve a $535m loan guarantee for Solyndra – and a subsequent restructuring that subordinated taxpayer money to that of private investors – during a high-profile Congressional hearing.

US Energy Secretary Steven Chu defended his decision to approve a $535m loan guarantee for Solyndra – and a subsequent restructuring that subordinated taxpayer money to that of private investors – during a high-profile Congressional hearing.