WHAT A COINCIDENCE … THE CORRUPTION OF THE POLITICAL CLASS AND INSIDER TRADING.
From the Washington Free Beacon, imagine that, House Democratic Leader Nancy Pelosi’s husband, Paul Pelosi, bought up to a quarter million dollars of stock in a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent stock prices soaring, public records show. But of course there ws no insider taring here. These people tell us how to live and decide how to spend our money, yet they are allowed to conduct themselves in the most corrupt ways ever and nothing ever happens to them.
House Democratic Leader Nancy Pelosi’s husband bought up to a quarter million dollars of stock in a now financially troubled green energy company just weeks before it announced a major 2014 acquisition that sent stock prices soaring, public records show.
SunEdison told regulators last week that it is eyeing bankruptcy under the weight of $11.7 million in debt. But in late 2014, investors were bullish on the company, which manufactures and operates solar and wind power facilities.
Its 2014 purchase of wind energy company First Wind “further bolstered the reputation of the company,” wrote one market-watcher at the time. “Perhaps unsurprisingly, SunEdison’s stock soared an astounding 29% on news of this acquisition alone.”
Pelosi’s husband, Paul Pelosi, had invested just in time. He bought between $100,000 and $250,000 in SunEdison stock on Oct. 24, 2014, according to congressional financial disclosures. The company announced its First Wind acquisition on Nov. 17.
Pelosi’s office did not respond to questions about the timing of the purchase and whether she or her husband had any advance knowledge of the deal.
And the politically corrupt with the inside information just get richer and richer.
Pelosi has previously been accused of trading stock based on information gleaned through her official duties. She participated in Visa’s initial public offering as the company fought a House bill to subject credit card companies to increased regulation. The measure failed to pass.
A law passed in the wake of that controversy prohibits members of Congress from using nonpublic information for personal gain. Language in that measure was informally dubbed the “Pelosi Provision.”
In addition to her stock trades, Pelosi steered more than $1 billion in federal subsidies to a light rail project that likely improved the value of the San Francisco headquarters of cloud computing company Salesforce, in which her husband had invested up to $1 million.
UNREAL … YOUR HARD EARNED TAX DOLLARS HANDED OVER TO SO-CALLED GREEN ENERGY AND NO ACCOUNTABILITY.
The Daily Caller is reporting that the IRS has handed out billions of dollars to support Barack Obama’s green energy projects. You know, those one’s like those unsuccessful and bankrupt companies like Solyndra. And it gets worse, if possible. The IRS is not tracking the money to see how it was being spent. ARE YOU KIDDING, WHEN WILL THIS ALL STOP!!! The IRS, the organization who makes people’s lives miserable for not properly tracking their income, does not have to do the same with tax payer dollars? Talk about the ultimate in hypocrisy. Honestly, the IRS really does need to be abolished and converted into an entity that just counts the tax revenue sent in by Americans from a flat or fair tax and no longer allowed to harass or divvy out monies at the bequest of a president.
A new government watchdog report found that the Internal Revenue service has handed out billions of dollars to support green energy projects, and then failed to mention how the money was spent on building new power generation.
The Government Accountability Office (GAO) reports that IRS tax subsidies to green energy operators “accounted for an estimated $13.7 billion in forgone revenue to the federal government for renewable projects and $1.4 billion for traditional projects” between 2004 and 2013.
That’s a lot of money, but the IRS can’t (or won’t) tell government auditors how much green energy generating capacity their tax subsidies are supporting. The GAO says the IRS “is not required to collect project level data from all taxpayers” who claim an Investment Tax Credit (ITC) or Production Tax Credit (PTC).
“IRS officials stated that IRS is unlikely to collect additional data on these tax credits unless it is directed to do so,” the GAO reported. “Since 1994, GAO has encouraged greater scrutiny of tax expenditures, including data collection. Without project-level data on the ITC and PTC, Congress cannot evaluate their effectiveness as it considers whether to reauthorize or extend them.”
Obama Administration: It’s Ok for “Green Energy” Wind Turbines to Kill or Injure Bald or Golden Eagles without Penalty Because We’re Trying to Save the Environment
THE HYPOCRISY AND DOUBLE STANDARD OF THE LIBERAL ENVIRONMENTALISTS … DEATH PANELS FOR EAGLES.
So not only does Obama pick winners and losers with regard to energy companies, he also picks who can kill and who can’t. The shameful new rule enacted by Obama’s Interior Department makes it possible for green energy companies to slaughter Bald and Golden eagles without penalty for 30 years. UNREAL. Big Oil harms some water fowl and these people lose their minds and talk about the evils of oil. However, Big Green Wind kills eagles and other birds and that is perfectly acceptable. What a fraud these liberal groups are that claim to protect the Earth and the Eco-system. As long as so-called “green” energy kills the symbol of the United States, that bis perfectly ok, but of coal, oil, gas injures a worm … then that is a national tragedy. This president will do anything to pander to his liberal base and make it all political. I would ask Mr. President, how is this fair to the Eagles?
The Obama administration said Friday it will allow some companies to kill or injure bald and golden eagles for up to 30 years without penalty, an effort to spur development and investment in green energy.
The change, requested by the wind energy industry, will provide legal protection for the lifespan of wind farms and other projects for which companies obtain a permit and make efforts to avoid killing the birds.
An investigation by The Associated Press earlier this year documented the illegal killing of eagles around wind farms, the Obama administration’s reluctance to prosecute such cases and its willingness to help keep the scope of the eagle deaths secret. The White House has championed wind power, a pollution-free energy intended to ease global warming, as a cornerstone of President Barack Obama’s energy plan.
According to the Washington Times, wind energy facilities have killed at least 67 golden and bald eagles in the last five years, but the figure could be much higher, according to a new scientific study by government biologists. Hmm, so why doesn’t Obama and his liberal environmentalists put the same type of restrictions of “killer” wind turbines that they do to the coal, gas and oil industry? How come wind farm companies do not have to build protective cages around the turbines like a common fan has to protect birds from flying into the blades? This administration certainly has no issue with costly expenses when it comes to regulating other forms of energy.
Just curious, why aren’t wind farm companies regulated to put protective covers over their blades like a common fan?
More from Breitbart.com, It’s okay to kill Eagles because Obama said so.
Wildlife conservationists are livid at the Obama administration’s approval of a new rule that extends wind farms leases up to 30 years. On Friday, wildlife protection groups decried the new regulation as a “stunningly bad move” that gives wind power companies the ability to kill eagles and other birds for the next 30 years.
The Wildlife Society Bulletin approximates that 573,000 birds and 888,000 bats are killed by flying into wind turbines every year. National Audubon Society President David Yarnold expressed his anger over the Obama administration’s new rule: “It’s outrageous that the government is sanctioning the killing of America’s symbol, the bald eagle.”
UPDATE I: The only one who has stepped to the plate is the Audubon Society. Interior Dept. Rule Greenlights Eagle Slaughter at Wind Farms, Says Audubon CEO … New Rule Will Authorize 30-Year Permits for Killing America’s National Bird.
Instead of balancing the need for conservation and renewable energy, Interior wrote the wind industry a blank check. It’s outrageous that the government is sanctioning the killing of America’s symbol, the Bald Eagle. Audubon will continue to look for reasonable, thoughtful partners to wean America off fossil fuels because that should be everyone’s highest priority. We have no choice but to challenge this decision, and all options are on the table.” (Statement from Audubon President and CEO David Yarnold)
UPDATE II: From Right Wing News … All this carnage just to provide a pittance, a miniscule amount of energy. But because it is deemed “green” it is okay to make Eagles blood red.
All to provide miniscule power while putting a blight on the landscape. Average delivered power is roughly 30-40% with very low power density (megawatts per square mile), since you need huge tracks of land/sea for the farm. Compare that to natural gas, which has an average delivered power in the upper 80?s, with an extremely high power density.
From page 193 of The Mad, Mad, Mad World Of Climatism via Right Wing News
When Green Energy Kills … Rare White-Throated Needletail Bird Last Seen in Britain 22 Years Ago Reappears Only to be Killed by Wind Turbine
Where is the Green Peace, PITA outrage … Animals needlessly killed in the name of energy?
War against oil and coal, eh? Looks like green energy wind turbines may be more deadly. As reported at the Daily Mail, as bird enthusiasts flocked to the Hebrides to catch a glimpse of the brown, black and blue rare white-throated Needletail bird last seen in Great Britain 22 years ago. Then suddenly, the rare bird became even more rare as it flew into the “green” energy wind turbines and was killed. Below is the VIDEO of the onlookers gushing over the sight of the rare bird before its most unfortunate demise. Listening to them before, I can only imagine what they sounded like when the bird was killed by the evil, big “green” wind turbine.
There had been only eight recorded sightings of the white-throated needletail in the UK since 1846. So when one popped up again on British shores this week, twitchers were understandably excited.
A group of 40 enthusiasts dashed to the Hebrides to catch a glimpse of the brown, black and blue bird, which breeds in Asia and winters in Australasia.
But instead of being treated to a wildlife spectacle they were left with a horror show when it flew into a wind turbine and was killed.
John Marchant, 62, who had made the trip all the way from Norfolk, said: ‘We were absolutely over the moon to see the bird. We watched it for nearly two hours.
‘But while we were watching it suddenly got a bit close to the turbine and then the blades hit it.
One of the Best Lines of the Denver Presidential Debate … Romney Slams Obama,“You Don’t Just Pick Winners and Losers, You Pick Losers”
As the dust settled on last night’s Presidential debate in Denver, CO, it was obvious that Romney was a man with a plan and Obama looked like a kid who had studied the wrong chapters for a test and was left begging the moderator to ask the next question, wanting to use a lifeline and ask Bill Clinton what to say and looking to the MSM for the protective cover they have provided him for the past five years.
In the VIDEO below, Romney pounded Obama in the exchange over subsidies for oil vs. the $90 billion that Barack Obama gave to the failed “green” energy companies like Solyndra, Solar Trust, Abound Solar, What is the equivalent of 50 years of breaks. Then came one of the memorable lines of the night and it is about time some one called Obama on it. What better place than with 40-60 million viewers. Mitt Romney said of Obama last night, “You Don’t Just Pick Winners and Losers, You Pick Losers.” Ouch, that’s going to leave a mark.
President Obama was so thoroughly beaten last night that even the LEFT had to admit that Obama did a dismal job. During last nights debate I thought Obama was going to use his “LifeCall” medical alert device and say, “I’ve fallen and I can’t get up”.
Will President Barack Obama Ever Learn … Obama Administration Announces More Solar Energy Projects After So Many Solyndra’s Have Failed
The Obama-Alinsky doubling down on solar energy …
It’s called beating a dead horse, but not when it comes to President Barack Obama and solar energy backed government projects. For Obama it is called a failed green energy agenda. The Obama administration has announced more solar energy projects, even after so many have miserable failed like Solyndra et al. Check out the long, ever growing list HERE of the failed Obama green energy companies that were nothing more than a money grab of Obama donors.
The Obama administration will open public lands in six Western states to more solar projects as part of a solar energy road map it publicized Tuesday.
The Interior Department set aside 285,000 acres in Arizona, California, Colorado, Nevada, New Mexico and Utah for the initiative. Firms can apply for waivers to develop projects on an additional 19 million acres.
Calling the announcement a “proud moment,” Interior Secretary Ken Salazar told reporters in a conference call Tuesday that it reaffirms Obama’s commitment to solar power. He noted public lands hosted no solar projects when Obama took office.
The administration has since approved 17 major solar projects on public lands producing about 6,000 megawatts of power, Salazar said.
I guess this is what Obama is talking about when he says. “You didn’t build that business”. However, he didn’t help build these businesses either, he helped destroy them. Imagine, just imagine if the Obama government actually allowed such land to be used for gas, oil exploration?
Abound Solar Inc, Another DOE Company Awarded a $400 Million US Loan Guarantee Ceases Operations & Files Bankruptcy
Green energy solar company bankruptcies abound …
Add Abound Solar Inc, a Colorado based company, to the long list of so-called “green” company that made solar panels and had received Department of Energy loans has ceased operations and is filing bankruptcy. As President Barack Obama criticizes Mitt Romney for his work with Bain Capital, one might also want to ask Obama about his job creation skills with “belly up” companies like Abound Solar.
Abound Solar Inc., a U.S. solar manufacturer that was awarded a $400 million U.S. loan guarantee, will suspend operations and file for bankruptcy because its panels were too expensive to compete.
Abound borrowed about $70 million against the guarantee, the Loveland, Colorado-based company said today in a statement. It plans to file for bankruptcy protection in Wilmington, Delaware, next week.
The failure will follow that of Solyndra LLC, which shut down in August after receiving a $535 million loan guarantee from the same U.S. Energy Department program. Abound stopped production in February to focus on reducing costs after a global oversupply and increasing competition from China drove down the price of solar panels by half last year.
Great point made by the American Thinker with regards to these failed American solar panel companies.
I really wish these companies – and the government – would stop blaming China for their failures. China may be subsidizing their solar companies but in case you didn’t notice, so are we. The fact that we gave this loan guarantee to a sure fire loser of a company keeps proving the point about this idiotic energy department program; trying to pick winners in the alternative energy business is too risky for taxpayers to foot the bill if the bureaucrats are wrong.
Just more wasted tax payer money down the Obama “green” rabbit hole.