Failed Solyndra Brings Business Ethics to Forefront

Summit Ministries The White House is taking heat this week after investigators discovered that officials became personally involved in a $535 million loan guarantee to the now-failed California solar company Solyndra.

The White House allegedly monitored Solyndra's application and communicated with government officials during its review, which sped up the solar company's loan process, perhaps in an effort to push ahead more "green energy" jobs and possibly appease a key Solyndra investor who had raised $50,000 for President Obama's campaign in 2008.

Last week, however, Solyndra abruptly closed its doors, announced it would file for bankruptcy and laid off more than 1,100 workers. Some analysts have had reservations about the viability of the company all along, raising questions on whether Solyndra should be guaranteed such a substantial loan in a weak economy - one that would ultimately impact taxpayers.

John Stonestreet, Executive Director of Operations of Summit Ministries, a Christian worldview education ministry turning 50 next year, says questionable business ethics like these are a perfect example of why Christian worldview education is so important.

"We can point to case after case-Solyndra, Exxon, Tyco, WorldCom, and the list goes on and on - where questionable business, political and personal decisions were made that ultimately ruined companies and, in fact, lives," Stonestreet said. "This is why Summit's mission for a half-century has been to teach both adults and young people to consistently look through the lens of their Christian worldview in all things. That means we consider biblical guidance in our business dealings, in the voter's booth, in our finances, in our marriages and families and in our relationships every day. There simply is no other responsible way to live life than through the guidance of a biblical worldview."

Other flags have been raised about how the U.S. Energy Department pushed the Solyndra deal forward. The Center for Public Integrity and ABC News recently reported that Energy Department officials announced support for Solyndra prematurely, causing government auditors to wonder how diligently taxpayer risk had been assessed before the deal moved forward.

Perhaps even more of a concern was the fact that Solyndra's key investor, Oklahoma billionaire George Kaiser, had raised more than $50,000 for Obama's 2008 presidential campaign