Saturday, July 14, 2012

Senator Harry Reid’s Part in Green-Energy Crony-Corruption

So far our chronicle of the green-energy crony-corruption story, has focused primarily on the connections the players have to President Obama. This chapter stars Senator Harry Reid. When looking at the whole story, it’s important to note that Senator Reid “led passage of the $814 billion stimulus bill and worked to include the loan guarantee program to help finance clean-energy projects”—projects to which, as we will show, he is connected.
In a DOE press release, Reid actually bragged about how he included the green loan guarantee in the stimulus bill: “As I led passage of the stimulus bill, I worked to include the loan guarantee program to help finance clean energy projects” that will “bring us closer to energy independence.”
We’ve already unveiled two of these expensive and politically explosive projects through our Special Seven series––those that received the touted loans as a part of the stimulus bill (even though they were rated as “non-investment” grade) and grants, as well as “special” Department of Interior treatment. As the “Special Seven” moniker indicates, there are more companies and/or projects to reveal.
Before we start on the new information, here’s a highlight of the previous players’ specific connections to Senator Harry Reid—the focus of this chapter.
Last week, we exposed BrightSource Energy that received a $1.6 billion DOE loan. BrightSource’s executives donated almost $4000 to Reid’s 2010 campaign, including $2400 from the CEO John Woolard, who in September 2010, along with Peter Darbee, then Chairman of PG & E, hosted a fundraiser for the majority leader in his corporate offices.

Read more: http://finance.townhall.com/columnists/maritanoon/2012/07/14/senator_harry_reids_part_in_greenenergy_cronycorruption

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