Energy Secretary Chu to Step Down
byFeb 2nd 2013 9:33AM
Secretary of Energy Steven Chu is to relinquish his post. His is the latest defection from President Obama's cabinet as the administration transitions to its second term.
In a lengthy letter to department employees published on its website, Chu enumerated a number of the organization's achievements under his leadership. Many of these were focused on the advancement of renewable energy, for which the outgoing secretary is known for being an advocate.
That has engendered its share of controversy, particularly in the wake of the high-profile bankruptcy of Solyndra in September 2011 after the company received $535 million in loan guarantees from the department.
The article Energy Secretary Chu to Step Down originally appeared on Fool.com.Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.