Oversight Chairman Issa Statement on Energy Department IG Report Documenting Millions in Additional Stimulus-Funded Project Waste

Published: Nov 7, 2011

WASHINGTON DC—House Committee on Oversight and Government Reform Chairman Darrell Issa (R-CA) today issued the following statement on the release of a new Department of Energy Inspector General report documenting the departments’ failure to manage a $152 million stimulus project resulting in delays and wasted funds:

“Inspector General Friedman’s report underscores what he told the Committee on Oversight and Government Reform last week: the Obama Administration’s stimulus and subsequent loan/grant programs forced too much money into a system ill-equipped to manage it. Instead of lowering unemployment, the Energy Department’s efforts to play venture capitalist with stimulus funds have resulted in enormous waste and abuse of taxpayer dollars.”

A link to the complete report from the Inspector General is available here.