US & Canada

White House orders loan review after Solyndra fallout

File photo of Solyndra headquarters 20 Sept 2011
Image caption Solyndra received a $528m (£340m) loan from the Department of Energy

Clean energy loans made by the US Department of Energy will receive a independent review.

The head of the administration's bailout programme, Herb Allison, will review the loans and issue a report.

Republicans in the House of Representatives are threatening to subpoena internal White House emails about Solyndra.

Solyndra, a solar panel manufacturer highlighted by the administration, declared bankruptcy in August.

The company is also under investigation by the FBI.

The House Energy and Commerce Committee is considering a subpoena as it questioned whether Obama campaign donors who were also investors in the project played a role in decisions on the loan.

The White House has released thousands of emails about the Solyndra loan, but has withheld thousands more.

Mr Allison, who previously served as assistant treasury secretary for financial stability, managing the Troubled Asset Recovery Program (Tarp), will not review the Solyndra case itself but will evaluate loans in the energy department's green programmes, worth tens of billions of dollars.

If they appear problematic, his report would include recommend steps to stabilize them.

More on this story

Related Internet links

The BBC is not responsible for the content of external Internet sites