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Monday, March 19, 2012

McCain Sees Another Solyndra In Navy Biofuels Spending -- The Hill

McCain Sees Another Solyndra In Navy Biofuels Spending -- The Hill

The Navy’s push to develop biofuels to run its fleet of planes and warships could devolve into a “Solyndra situation” for the Pentagon, a top Republican senator said today.

During Tuesday’s hearing of the Senate Armed Services Committee, ranking member John McCain (R-Ariz.) compared the now-bankrupt solar energy company, into which the White House sank $535 million in loan guarantees, to Navy-led efforts in alternative energy.

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