Saturday, September 10, 2022

Solyndra 2

In 2011 Anthony Podesta, brother of John Podesta who has raised over $350,000 for national Democratic campaign committees this year, lobbies on behalf of two companies that are cashing in on a $737 million loan guarantee administered through the same program that gave a $535 million loan guarantee to the now-bankrupt Solyndra LLC. “If you thought the $535 million Solyndra scandal had chastened the fearless venture capitalists of the Obama Administration, think again. The Department of Energy shovelled out $1.1 billion in new loan guarantees to solar projects in Nevada and Arizona Wednesday, and more deals are pending before the $18 billion program funded by the 2009 stimulus expires Friday. Solyndra executives and shareholders made hundreds of thousands of dollars to Obama's 2008 campaign for the White House and in an apparent quid pro quo was given over 1/2 Billion Dollars in Federal loan guarantees. Fast forward to today. WASHINGTON — President Biden on Friday appointed John Podesta, a veteran Washington insider who spearheaded the Obama administration’s climate strategy, to oversee the federal investment of $370 billion in clean energy under a landmark new climate law. Will this be Solyndra 2.0 and provide the dems with campaign finance money?

No comments:

Post a Comment